726 W Imperial Highway

Los Angeles, CA 90044

PRICE REDUCED

arrow_downward
-$100,000 (-7.14%)

$1,300,000

List Price

13

bed Beds

7

shower Baths

4,165 sqft

straighten / sqft

1940

calendar_month Built

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.

Listing Information

List Price $1,300,000
Status Active
MLS 24406731
Type Residential Income
Year Built 1940
Lot Size 8,341
Structure Size 4,165
DOM 88
Courtesy Of Rosano Partners
Listing Agent Brandon Evans DRE#02058494

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 13
Total Bathroom
Bathrooms 7
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Other Structures
Structures Shed(s)

Maps

Listing information courtesy of: Brandon Evans, Rosano Partners . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 17th, 2024 at 6:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.