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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.

Features
: Wall Furnace
: Wall/window Unit(s)
2
0
Additional Information
Rosano Partners
0
CLW-C142622
CLW-X74822
Brandon
6088002004
: Standard
Multi/Split
32
: Shed(s)

Multi-Family For Sale

726 Imperial Highway, Los Angeles, California 90044

4,165 Sqft
$1,400,000
Listing ID #24406731
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24406731
Price : $1,400,000
Living Area : 4,165 Sqft
Lot Size : 8,341 Sqft
Year Built : 1940
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90044
Price Per Square Foot : $336
ModificationTimestamp : 2024-06-29 05:07:27
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