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
Year Built
Walkscore
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