Address
855 E Imperial Highway Los Angeles, CA
Price
$ 625,000
Property Attributes
  • MLS#21705650
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMetropolitan South
  • Zip90059
  • Style
  • Price$ 625,000
  • Bedrooms6
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size5,770 SqFt
Listing Provided Courtesy Of:
Derrick Vartanian with Keller Williams Silicon Beach.
Data Source:
CRMLS
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).

Price History
3/16/2021 Listed $625,000

General Features

Co-Listing Agent State License # 01483131
Cooling None
Heating Wall Furnace
Listing Agent Derrick Vartanian - BRE#01816119
Listing Agent State License 01816119
MLS Area C37 - Metropolitan South
Parking Features Driveway, Uncovered
Property Type Residential Income
Total Units 2
Zoning LARD2

Interior Features

Heating Y/N Yes
Laundry Features Inside

Exterior Features

Lot Size Acres 0.13
Lot Size Area 5770
Lot Size Source Assessor
Lot Size Square Feet 5770
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90059

Price
AVG $820K
$630K
Visits
AVG 18
31
Year Built
AVG 1942
1910
Walkscore
AVG 59
58
Data Provided by Walkscore ® not using MLS data

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