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    863 E Imperial Highway

    Los Angeles (City), CA 90059
    • $1,600,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 21705704
    UPDATED: 20 min ago
    $1,600,000
    • 0
      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 California Regional Multiple Listing Service, Inc. as of 2021-05-12T00:36:16.78. 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 Realty ONE Group Southwest. Licensed in the State of California, USA.
    www.necolrealty.com/homes/115130034
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    863 E Imperial Highway Los Angeles (City), CA 90059

    • Price: $1,600,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: 21705704
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,046
    SQFT
    $265
    $/SQFT
    1956
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - 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

    Carport YN Yes Parking Features Attached CarportGated

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 166920 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 106399 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 2021-05-12T00:36:16.78. 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 Realty ONE Group Southwest. Licensed in the State of California, USA.
     
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