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Chris Leeper

[email protected] +1(951) 741-5311

$ 1,300,000

Est. payment -/mo

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Active

726 W Imperial HWY Los Angeles, CA 90044

13 Beds

7 Baths

4,165 SqFt

UPDATED:

09/30/2024 06:12 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,165 sqft

Price per Sqft $312

MLS Listing ID 24406731

Bedrooms 13

HOA Y/N No

Year Built 1940

Lot Size 8,341 Sqft

Acres 0.1915

Property Description

We are pleased to present 726 W Imperial Hwy, a 6-unit value add apartment community located in the Harbor Gateway neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (5) 2 bed/1Bath units and (1) 3 bed/2 Bath unit. This unique investment opportunity offers significant rental upside potential of approximately 75% with market and over 100% with Section8. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units, and $3,915 for3-bedroom units as of 2/2024. The gated property also sits on 8,341 square feet of land zoned R3-1-CPIO with rear alley access and parking for 7-8 vehicles. The property falls under TOC Tier 3 (up to 21 units) and is ED1 Eligible (unlimited density and streamlined approval process for Affordable Housing).726 W Imperial Hwy is centrally located just off the 105 and110 freeways, providing convenient access to Downtown LA, Hollywood Park/Sofi Stadium, LAX, and South Bay. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average2-bedroom market rents reaching $2,300-$2,600 and Section8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAR3

Rooms

Other Rooms Shed(s)

Ensuite Laundry None

Interior

Laundry Location None

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Range, Oven

Laundry None

Exterior

Garage Direct Access, Driveway, Garage, Private, One Space

Community Features Gated

Parking Type Direct Access, Driveway, Garage, Private, One Space

Total Parking Spaces 7

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 6088002004

Security Features Gated Community

Special Listing Condition Standard

Listed by Brandon Evans • Rosano Partners

Chris Leeper

Agent | ipnr01881634

+1(951) 741-5311

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Moreno Valley, CA

Chris Leeper

Chris Leeper

726 W Imperial HWY Los Angeles, CA 90044

Key Details

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Rooms

Interior

Exterior

Building

Others

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726 W Imperial HWY

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