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863 E Imperial Hwy

Los Angeles, CA 90059
  • $1,600,000
  • STATUS: Active
  • ON SITE: 89 days
  • MLS #: 21-705704
UPDATED: 58 min ago
$1,600,000
  • 16
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,046
    SQFT
  • $265
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
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 863 E Imperial Highway - a 7 unit multifamily investment opportunity located in South Los Angeles and built in 1956. The 3 story wood frame stucco building consists of five 2BR+1BA Units , 1 1BR+1BA Unit, and 1 5BR+2BA 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T18:42:31.613. 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/115127929
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863 E Imperial Hwy Los Angeles, CA 90059

  • Price: $1,600,000
  • Status: Active
  • Updated: 58 min ago
  • MLS #: 21-705704
16
Beds
0
Baths
0
½ Baths
0.13
Acres
6,046
SQFT
$265
$/SQFT
1956
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 863 E Imperial Highway - a 7 unit multifamily investment opportunity located in South Los Angeles and built in 1956. The 3 story wood frame stucco building consists of five 2BR+1BA Units , 1 1BR+1BA Unit, and 1 5BR+2BA 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.
Exterior Features

Lot Size Area 5759 Other Structures None Parking Garage Carport AttachedGated Total Parking 7

Interior Features

Baths Total 8.00 Cooling Wall Unit(S) Equipment Alarm System Heating Wall

Property Features

Assessed Total Value 865944 Gross Income 166920 Gross Operating Income 161912 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 106399.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Security Features Prewired For Alarm System Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 55514 Type Of Units 5/2/1Bedroom 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 2021-06-13T18:42:31.613. 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