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847 E Imperial Hwy
Los Angeles, CA 90059

Multifamily Property For Sale · 5 Units

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 -

PROPERTY TAXES

ZONING

Zoning Code LARD2
  • Listing ID: 11738202

  • Date on Market: 2/26/2018

  • Last Updated:

  • Address: 847 E Imperial Hwy, Los Angeles, CA 90059