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2019 E Imperial Hwy
Los Angeles, CA 90059

Multifamily Property For Sale · 12 Units

Investment Highlights

  • Two Vacant Units: (1)2BD+1BA & (1)1BD+1BA
  • Upside Potential:approximately 28% upside remaining in income to 2023 Section 8 Market Rents
  • Strategic Location: positioned near the Willowbrook – Rosa Parks Station as well as the Harbor Freeway Station offering quick access to Downtown LA
  • High Yield: in place 6.04% CAP Rate and 11.80 GRM on current rents
  • Attractive Unit Mix: extremely rentable unit mix of one beds and a two bed, catering to transit oriented working-class tenants

PROPERTY FACTS

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.20 AC
Building Size 3,039 SF
Average Occupancy 100%
No. Stories 1
Year Built 1928
Parking Ratio 2.63/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 $1,587 410 - 528
2+1 2 $2,600 795

PROPERTY TAXES

zoning

Zoning Code LARD2
  • Listing ID: 28363307

  • Date on Market: 5/1/2023

  • Last Updated:

  • Address: 2019 E Imperial Hwy, Los Angeles, CA 90059