847 E Imperial Hwy
Los Angeles, CA 90059
Multifamily Property For Sale · 5 Units
![847 E Imperial Hwy, Los Angeles, CA for sale - Plat Map - Image 1 of 1](https://images1.loopnet.com/i2/hpaBHMqqAl5TyVJLAPGcKbS0XEDR6oE1HPRsDXtQ5Iw/110/847-E-Imperial-Hwy-Los-Angeles-CA-Plat-Map-1-Large.jpg)
PROPERTY FACTS
No. Units | 5 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.13 AC |
Building Size | 2,620 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1955 |
Parking Ratio | 3.44/1,000 SF |
ABOUT 847 E IMPERIAL HWY , LOS ANGELES, CA 90059
MVP Commercial is pleased to present 847 E Imperial Hwy - a five (5) unit multifamily investment opportunity located in South Los Angeles and built in 1955. The two (2) story property consists of five (5) One Bedroom / One Bath units with three (3) of the units on the upper level and two (2) units on the ground floor. All five (5) units have real hardwood floors throughout the living space and have been recently renovated with new tile flooring in every kitchen and bathroom. In addition to the flooring, three (3) of the five (5) units have undergone major structural renovations including new energy efficient windows and fixtures. 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. The property possesses a total of nine (9) parking spots, three (3) of which are in a covered garage. Situated on a lot spanning 5,749 SF with 2,620 SF of building space, the building offers a comfortable amount of room for each unit. The offering is priced at a 6.26% CAP and 10.27 GRM, attractive rates in this active and emerging market. 847 E Imperial Hwy will surely benefit the investor with high returns, providing a premier CAP rate and low annual expenses. With historically high rental demand in the South Los Angeles Multi-Family market an investor can benefit from receiving full rental income from a recently renovated property that provides on-site parking and excellent amenities.
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 5 | $1,217 | - |
LINKS
PROPERTY TAXES
Parcel Number | 6072-013-014 | Improvements Assessment | $223,326 |
Land Assessment | $277,297 | Total Assessment | $500,623 |
ZONING
Zoning Code | LARD2 |
Listing ID: 11738202
Date on Market: 2/26/2018
Last Updated:
Address: 847 E Imperial Hwy, Los Angeles, CA 90059
The Canndu/Avalon Gardens Multifamily Property at 847 E Imperial Hwy, Los Angeles, CA 90059 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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