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    855 E Imperial Hwy

    Los Angeles, CA 90059
    • $625,000
    • STATUS: Active
    • ON SITE: 54 days
    • MLS #: 21-705650
    UPDATED: 133 min ago
    $625,000
    • 6
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,928
      SQFT
    • $324
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    We are 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 9.01% and a GRM of 8.07 on current rents. 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).

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. 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/115127928
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    855 E Imperial Hwy Los Angeles, CA 90059

    • Price: $625,000
    • Status: Active
    • Updated: 133 min ago
    • MLS #: 21-705650
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,928
    SQFT
    $324
    $/SQFT
    1910
    Built
    Neighborhood:
    Metropolitan South
    County:
    Los Angeles
    Area:
    Metropolitan South
    Property Description
    We are 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 9.01% and a GRM of 8.07 on current rents. 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).
    Exterior Features

    Lot Size Area 5770 Other Structures None Parking Garage UncoveredDriveway Total Parking 6

    Interior Features

    Baths Total 2.00 Cooling None Equipment WasherDryer Heating Wall Laundry InsideLaundry AreaIn Unit

    Property Features

    Assessed Total Value 339069 Gross Income 77400 Gross Operating Income 75132 Like Units1 1 Like Units2 1 Net Operating Income 56286.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 18846 Type Of Units 3 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 2021-05-08T23:42:19.19. 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.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270