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    855 E Imperial Hwy

    Los Angeles, CA 90059
    • $625,000
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: 21-705650
    $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

    **847 E Imperial Hwy, 855 E Imperial Hwy, and 863 E Imperial Hwy MUST be sold TOGETHER** 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).

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-17T23:42:44. 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.haciendagroupinc.com/homes/115127928
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    855 E Imperial Hwy Los Angeles, CA 90059

    • Price: $625,000
    • Status: Active
    • 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
    **847 E Imperial Hwy, 855 E Imperial Hwy, and 863 E Imperial Hwy MUST be sold TOGETHER** 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).
    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 99000 Gross Operating Income 96084 Like Units1 1 Like Units2 1 Net Operating Income 72819.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 23265 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 2021-06-17T23:42:44. 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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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253