Property Showcase

855 E Imperial HwyLOS ANGELES, CA 90059

$625,000
Multi-Family
Status: Active
  • Bed:6
  • Bath:2
  • Sqft:1,928
  • Lot:5,770 sq ft
  • MLS#: 21-705650
33.931217193603516-118.25894165039063
Courtesy Of Keller Williams Silicon Beach

Description:

We are pleased pleased to present 855 E Imperial Hwy - a two (2) unit multifamily investment opportunity located in South Los Angeles and built in 1910. The two (2) story property consists of two (2) Three Bedroom / One Bath units and features a strong CAP rate of 11.65% and a GRM of 6.31 on current rents. The Seller has taken advantage of Government Subsidized Housing program to maximize the potential income of the property. Each of the units have been rented by bedroom for $1,350/bedroom/month. They are initially 3 month - 1 year leases that revert to month-to-month tenancy hereafter. Please note that the tenancy is subject to change. Also, the property has 6 parking spaces which could potentially be rented out for additional income. Located just blocks from the 105 and 110 freeways between Central Avenue and Avalon Boulevard, the location of the offering allows for easy access to nearby freeways and shopping center to accommodate for daily needs. Further, the subject property may be eligible for an ADU(s) and would provide an owner with a great opportunity to add units to the lot in order to maximize the value of this asset (BUYER TO VERIFY).

Main Features:

Listing Status Active Year Built 1910
Floors 2 County LOS ANGELES
Rental Price $0 Units 2
Zoning LARD2

Additional Features:

Board The Combined Los Angeles/Westside MLS
Cooling None
Disclosures As Is
Heating Wall
Laundry In Unit
Inside
Laundry Area
Other Structures None
OtherEquipment Dryer
Washer
Parking Driveway
Uncovered
Special Conditions Standard
Unit 1 Furnished No
Unit 2 Furnished No

Extra Features:

Cap Rate 11.65 Co Listing Office ID X72031
Expenses 23265 Gross Income 99000
Gross Operating Income 96084 Listing Agent License Number 01816119
Lot Size Area 5770 LP Per SQFT 324.17
Net Operating Income 72819.00 Number of Buildings 1
Office Co List Name Keller Williams Silicon Beach Parking Spaces 6
Total Acres 0.1325 Unit 1 Bathrooms 1.00
Unit 1 Bedrooms 3 Unit 1 Rent 27000.00
Unit 1 Total Units 1 Unit 2 Bathrooms 1.00
Unit 2 Bedrooms 3 Unit 2 Rent 48600.00
Unit 2 Total Units 1

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in 2021 by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Information deemed reliable but not guaranteed.
Copyright© 2021 Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. All Rights Reserved.
Last Updated On: 5/11/2021 7:33:39 AM

855 E Imperial Hwy, LOS ANGELES, CA 90059

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Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in 2021 by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Information deemed reliable but not guaranteed.
Copyright© 2021 Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. All Rights Reserved.
Last Updated On: 5/11/2021 7:33:39 AM

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