847 E Imperial Hwy

Estimated Monthly Payment: $3,990/mo 847 E Imperial Hwy, Los Angeles, CA 90059 MLS# 21-705562 Residential Income Listing Status: Active
5
2,620 sqft
56
36
0
0

REMARKS:

**847 E Imperial Hwy, 855 E Imperial Hwy, & 863 E Imperial Hwy MUST be sold TOGETHER** We are pleased to present 847 E Imperial Hwy - a 5 unit multifamily opportunity located in South Los Angeles built in 1955. The two story property consists of five (5) 1BR+1BA Units with three (3) of the units on the upper level and 2 units on the ground floor. All 5 units have 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 of the five units have undergone major renovations including new energy efficient windows and fixtures. The Seller has Parking Seismic Retrofit plans in place but has yet to complete the work. The property possesses a total of 9 parking spots: 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 6.10% CAP and 10.40 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

OVERVIEW:

Residential Income
Active
1955
0.13
2620
50x115
None
Garage, Uncovered
Wall
Wall/Window

FEATURES:

None

ROOM INFO:

5

FINANCIAL:

$875,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Derrick Vartanian - Keller Williams Silicon Beach

 

01949460 

 

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Data last updated: 08/04/2021