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    855 E Imperial Highway

    Los Angeles (City), CA 90059
    • $625,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: 21705650
    UPDATED: 40 min ago
    $625,000
    • 0
      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 California Regional Multiple Listing Service, Inc. as of 2021-05-13T14:39:32.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/115129965
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    855 E Imperial Highway Los Angeles (City), CA 90059

    • Price: $625,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 21705650
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,928
    SQFT
    $324
    $/SQFT
    1910
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - 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

    Parking Features DrivewayUncovered

    Interior Features

    Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 99000 Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 72819 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard2

    Listing provided courtesy of Derrick Vartanian of Keller Williams Silicon Beach and Jonathan Prakash of Keller Williams Silicon Beach


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T14:39:32.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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    Team Tami | Palm Realty Boutique
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