Skip To Content

    847 E Imperial Hwy

    Los Angeles, CA 90059
    • $875,000
    • STATUS: Active
    • ON SITE: 62 days
    • MLS #: 21-705562
    UPDATED: 55 min ago
    $875,000
    • 5
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,620
      SQFT
    • $334
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    **847 E Imperial Hwy, 855 E Imperial Hwy, & 863 E Imperial Hwy MUST be sold TOGETHER** We are pleased to present 847 E Imperial Hwy - a 5 unit multifamily opportunity located in South Los Angeles built in 1955. The two story property consists of five (5) 1BR+1BA Units with three (3) of the units on the upper level and 2 units on the ground floor. All 5 units have hardwood floors throughout the living space and have been recently renovated with new tile flooring in every kitchen and bathroom. In addition to the flooring, three of the five units have undergone major renovations including new energy efficient windows and fixtures. The Seller has Parking Seismic Retrofit plans in place but has yet to complete the work. The property possesses a total of 9 parking spots: 3 of which are in a covered garage. Situated on a lot spanning 5,749 SF with 2,620 SF of building space, the building offers a comfortable amount of room for each unit. The offering is priced at a 6.10% CAP and 10.40 GRM, attractive rates in this active and emerging market. 847 E Imperial Hwy will surely benefit the investor with high returns, providing a premier CAP rate and low annual expenses. With historically high rental demand in the South Los Angeles Multi-Family market an investor can benefit from receiving full rental income from a recently renovated property that provides on

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T13:43:15.957. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/115127926
    Print Image

    847 E Imperial Hwy Los Angeles, CA 90059

    • Price: $875,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 21-705562
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,620
    SQFT
    $334
    $/SQFT
    1955
    Built
    Neighborhood:
    Metropolitan South
    County:
    Los Angeles
    Area:
    Metropolitan South
    Property Description
    **847 E Imperial Hwy, 855 E Imperial Hwy, & 863 E Imperial Hwy MUST be sold TOGETHER** We are pleased to present 847 E Imperial Hwy - a 5 unit multifamily opportunity located in South Los Angeles built in 1955. The two story property consists of five (5) 1BR+1BA Units with three (3) of the units on the upper level and 2 units on the ground floor. All 5 units have hardwood floors throughout the living space and have been recently renovated with new tile flooring in every kitchen and bathroom. In addition to the flooring, three of the five units have undergone major renovations including new energy efficient windows and fixtures. The Seller has Parking Seismic Retrofit plans in place but has yet to complete the work. The property possesses a total of 9 parking spots: 3 of which are in a covered garage. Situated on a lot spanning 5,749 SF with 2,620 SF of building space, the building offers a comfortable amount of room for each unit. The offering is priced at a 6.10% CAP and 10.40 GRM, attractive rates in this active and emerging market. 847 E Imperial Hwy will surely benefit the investor with high returns, providing a premier CAP rate and low annual expenses. With historically high rental demand in the South Los Angeles Multi-Family market an investor can benefit from receiving full rental income from a recently renovated property that provides on
    Exterior Features

    Lot Size Area 5769 Other Structures None Parking Garage GarageUncovered Total Parking 9

    Interior Features

    Baths Total 5.00 Cooling Wall/Window Equipment None Heating Wall

    Property Features

    Assessed Total Value 465165 Gross Income 84138 Gross Operating Income 81614 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 53389.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 28225 Type Of Units 1 Bedroom Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Derrick Vartanian DRE#01816119 of Keller Williams Silicon Beach.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T13:43:15.957. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-705562-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-705562-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-705562-2.jpg
    Logo
    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270