726 W Imperial HWY Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
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
Year Built 1940
Lot Size 8,341 Sqft
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)
Laundry None
Exterior
Garage Direct Access,Driveway,Garage,Private,One Space
Community Features Gated
Building
Story 2
New Construction No
Others
Special Listing Condition Standard