863 E Imperial Hwy

Estimated Monthly Payment: $7,296/mo 863 E Imperial Hwy, Los Angeles, CA 90059 MLS# 21-705704 Residential Income Listing Status: Active Under Contract
16
6,046 sqft
31
10
0
0

REMARKS:

We are pleased to present 863 E Imperial Highway - a seven (7) unit multifamily investment opportunity located in South Los Angeles and built in 1956. The three (3) story wood frame stucco building consists of five (5) Two Bedroom / One Bath units, one (1)One Bedroom / One Bath unit, and one (1) Five Bedroom / Two Bath 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 6.37%CAP and 10.01 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.

OVERVIEW:

Residential Income
Active Under Contract
1956
0.13
6046
50x115
None
Carport Attached, Gated
Wall
Wall Unit(s)

FEATURES:

Alarm System
Prewired for alarm system

ROOM INFO:

16

FINANCIAL:

$1,600,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Derrick Vartanian - Keller Williams Silicon Beach

 

01949460 

 

The data relating to real estate for sale on this web site comes in part from the Combined L.A./Westside MLS. Real estate listings held by brokerage firms other than Keller Williams Realty/Marina-LA are marked with the IDX logo.

 

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Data last updated: 04/15/2021