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840 W Imperial Highway $3,750,000

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    840 W Imperial Highway Los Angeles, CA 90044

    • 17 Beds
    • 19 Baths
    • 11,172 sq. ft.
    • Multi-Family
    • MLS# 22204403
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    Views: 1 Days On Market: 90

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    Property Details

    840 W Imperial Highway is a rare 19-unit investment opportunity located in the Harbor Gateway North neighborhood of South Los Angeles, CA. The building is fully occupied and has an excellent unit mix of (7) Studios, (9) 1 Bed, 1 Bath, (1) 2 Bed, 1 Bath, and (2) 3Bed, 1 Bath units. The property is comprised of one two story structure totalling 11,172 square feet on a 14,400 square feet lot zoned LAR3. The property is currently operating with (14)section 8 tenants, providing a new owner with steady and reliable revenue. Situated just east of the corner of Imperial Hwy and Vermont Ave, the immediate neighborhood offers extremely convenient living with easy access to the 105 and110 freeways, SoFi Stadium and Hollywood Park (4.5 miles),the Vermont / Athens light rail stop (0.3 miles), Los Angeles Southwest College (0.7 miles), Space X (2.5 miles), Downtown Los Angeles, and the South Bay. South Los Angeles has seen steady growth over the past several years due 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 two years with average 2-bedroommarket rents reaching $2,250-$2,350, a nearly 20% increase from 2020. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

    • General Features
      • Buyer Compensation 1.750 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Leased 19
      • Number Of Units Total 19
      • One-Qtr Bathrooms 0
      • Three-Qtr Bathrooms 0
      • YearBuilt 1965
    • Building Features
      • Bedrooms Total 17
      • Cooling Wall/Window Unit(s)
      • Full Bathrooms 0
      • Half Bathrooms 0
      • Heating Natural Gas,Wall Furnace
      • Interior Features Ceiling Fan(s)
      • Living Area 11172.00
    • Property Features
      • Lot Size Acres 0.33
      • Parking Total 12.00
      • Lot Size Dimensions 120x120

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    Neighborhood

    90044 (Los Angeles) Demographics

    31 Median Age
    19,464 Population Density (per sq. mile)
    14% College Educated
    $39,434 Estimated Median Income
    8,220 Estimated Total Home Owners
    20,148 Estimated Total Renters
    29% / 71% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    99,980 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $558,900 Median Sales Price
    13 Homes Sold
    17 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,750,000
        11/23/2022 2:16:29 PM Price Reduced Source: Multiple Listing Service New Value: $3,750,000 -8.54%
        9/29/2022 7:19:00 PM New in Database Source: Multiple Listing Service New Value: $4,100,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 4:36:30 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.