Property Showcase

863 E Imperial HwyLOS ANGELES, CA 90059

$1,600,000
Multi-Family
Status: Active
  • Bed:16
  • Bath:8
  • Sqft:6,046
  • Lot:50x115
  • MLS#: 21-705704
33.931301116943359-118.25875091552734
Courtesy Of Keller Williams Silicon Beach

Description:

We are pleased to present 863 E Imperial Highway - a seven (7) unit multifamily investment opportunity located in South Los Angeles and built in 1956. The three (3) story wood frame stucco building consists of five (5) Two Bedroom / One Bath units, one (1) One Bedroom / One Bath unit, and one (1) Five Bedroom / Two Bath unit. There are a total of seven (7) parking spaces: three (3) of which are covered spaces. Several units have recently been partially renovated with laminate flooring, new paint, and new plumbing fixtures. In addition to the extensive interior renovations, the property completed Soft Story Parking Retrofitting, had a brand new roof installed in 2017, completely updated electrical systems, upgraded security lighting, and installed a ADT Security System in each unit. Further, the Seller has started plans to convert the top unit into a 3 Bedroom / 2 Bath Unit. 863 E Imperial Highway has 6,046 SF of livable space situated on a 5,759 SF lot zoned LARD2. This offering is priced to sell at a 6.65% CAP and 9.59 GRM. This attractive investment will reward an intelligent investor with high returns while remaining in the city of Los Angeles. Due to historically high occupancy rates in this market and low estimated annual expenses, an investor can be confident in receiving full rental income and optimizing their investment.

Main Features:

Listing Status Active Year Built 1956
Floors 3 County LOS ANGELES
Rental Price $0 Units 7
Zoning LARD2

Additional Features:

Board The Combined Los Angeles/Westside MLS
Cooling Wall Unit(s)
Disclosures As Is
Heating Wall
Other Structures None
OtherEquipment Alarm System
Parking Carport Attached
Gated
Security Features Prewired for alarm system
Special Conditions Standard
Unit 1 Furnished No
Unit 2 Furnished No
Unit 3 Furnished No
Unit 4 Furnished No
Unit 5 Furnished No
Unit 6 Furnished No
Unit 7 Furnished No

Extra Features:

Cap Rate 6.65 Co Listing Office ID X72031
Expenses 55514 Gross Income 166920
Gross Operating Income 161912 Listing Agent License Number 01816119
Lot Size Area 5759 LP Per SQFT 264.64
Net Operating Income 106399.00 Number of Buildings 1
Office Co List Name Keller Williams Silicon Beach Parking Spaces 7
Total Acres 0.1322 Unit 1 Bathrooms 1.00
Unit 1 Bedrooms 2 Unit 1 Rent 21600.00
Unit 1 Total Units 1 Unit 2 Bathrooms 1.00
Unit 2 Bedrooms 2 Unit 2 Rent 22200.00
Unit 2 Total Units 1 Unit 3 Bathrooms 1.00
Unit 3 Bedrooms 2 Unit 3 Rent 22200.00
Unit 3 Total Units 1 Unit 4 Bathrooms 1.00
Unit 4 Bedrooms 2 Unit 4 Rent 22200.00
Unit 5 Bathrooms 1.00 Unit 5 Bedrooms 2
Unit 5 Rent 23940.00 Unit 5 Total Units 1
Unit 6 Bathrooms 2.00 Unit 6 Bedrooms 5
Unit 6 Rent 28800.00 Unit 6 Total Units 1
Unit 7 Bathrooms 1.00 Unit 7 Bedrooms 1
Unit 7 Rent 18840.00 Unit 7 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

863 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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