863 E Imperial Highway, Los Angeles CA 90059

OFFERING PRICE: $1,395,000

MVP Commercial is pleased to present 863 E Imperial Highway – a multifamily investment opportunity located in South Los Angeles currently operating as 11 units. As per the Certificate of Occupancy the property is legally 7 units; however, Unit #6 is operating as 5 separate units with 5 separate leases. All additional rooms and bathrooms have permits in place(Buyer to Verify). The wood frame stucco building consists of one (1) One Bedroom / One Bath unit, one (1) Five Bedroom / Two Bath unit operating on 5 separate leases, and five (5) Two Bedroom / One Bath units. There are a total of seven (7) parking spaces–three (3) of which are covered spaces. Several units have recently been partially renovated with laminate flooring, new paint, and new plumbing fixtures. In addition to the extensive interior renovations, the structure also had a brand new roof installed in 2017, completely updated electrical systems, upgraded security lighting, and ADT Security Systems installed in each unit.

Located between Central Avenue and Avalon Boulevard, 863 E Imperial Highway is conveniently nearby the 105 and 110 Freeway and is also in close proximity to the Watts Towers Arts Center.

863 E Imperial Highway has 6,046 SF of livable space situated on a 5,759 SF lot zoned LARD2. This offering is priced to sell at a 7.04% CAP and 9.53 GRM. This attractive investment will reward an intelligent investor with high returns while remaining in the city of Los Angeles. Due to historically high occupancy rates in this market and low estimated annual expenses, an investor can be confident in receiving full rental income and optimizing their investment.

847 E Imperial Highway, Los Angeles CA 90059

OFFERING PRICE: $750,000

MVP Commercial is pleased to present 847 E Imperial Hwy – a five (5) unit multifamily investment opportunity located in South Los Angeles and built in 1955. The two (2) 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 five (5) units have real 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 (3) of the five (5) units have undergone major renovations including new energy efficient windows and fixtures.

Located just blocks from the 105 and 110 freeways between Central Avenue and Avalon Boulevard, the location of the offering allows for easy access to nearby freeways and shopping center to accommodate for daily needs.

The property possesses a total of nine (9) parking spots, three (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 6.30% CAP and 10.22 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.

INVESTMENT HIGHLIGHTS

  • 7.04% CAP | 9.53 GRM!
  • Excellent Unit Mix: 5 (2 Bedroom + 1 Bath), 1 (1 Bedroom + 1 Bath), 1 (5 Bedroom + 2 Bath–operating as 5 separate units)
  • Brand New Roof & Completely Upgraded Electrical Systems
  • Updated Units with Laminate Flooring, New Paint, and New Plumbing Fixtures, ADT Security System Ready
  • On-Site Parking

INVESTMENT HIGHLIGHTS

  • 6.30% Current CAP and 10.22 Current GRM!
  • Historically High Rental Demand in Market
  • Tremendous Rental Upside
  • 5 (1 Bedroom + 1 Bath) Units
  • Newly Renovated Kitchen and Bathroom floors

LOCATION HIGHLIGHTS

  • Developing neighborhood in South Los Angeles
  • Close Proximity to 105 and 110 Freeways
  • Dense Rent-Controlled Sub Market
  • 10 Minute drive to new LA Rams Stadium

LOCATION HIGHLIGHTS

  • Developing neighborhood in South Los Angeles
  • Close Proximity to 105 and 110 Freeways
  • Dense Rent-Controlled Sub Market
  • 10 Minute drive to new LA Rams Stadium

MVP Commercial Investment Real Estate does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection with appropriate licensed professionals. If your home is currently listed with another broker, this is not intended to solicit that listing. CalBRE 01816119, 01483131.

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