Eco Friendly
Address
847 East Imperial Highway Los Angeles, CA
Price
$ 875,000
Property Attributes
  • MLS#0021705562
  • TypeContingent
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMetropolitan South
  • Zip90059
  • Style
  • Price$ 875,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Keller Williams Silicon Beach
Data Source:
California Desert Association of REALTORS
Property Description

We are pleased to present 847 E Imperial Hwy - a five (5) unit multifamily opportunity located in South Los Angeles built in 1955. The two 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 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-site parking and excellent amenities.

Price History
3/16/2021 Listed $875,000

General Features

Cooling Wall/Window Unit(s)
Heating Wall Furnace
MLS Area Metropolitan South
Parking Features Uncovered, Garage
Senior Community Y/N No
Zoning LARD2

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Total Stories 2

Exterior Features

Land Lease Type Fee
Lot Dimensions 50x115
Lot Size Acres 0.13
Lot Size Area 5769.0
Lot Size Source Assessor
Lot Size Square Feet 5769.0
Lot Size Units Square Feet
Numberofunitsbuildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90059

Price
AVG $660K
$880K
Year Built
AVG 1956
1955
Walkscore
AVG 60
58
Data Provided by Walkscore ® not using MLS data

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