CA > Los Angeles
Los Angeles, CA 90044,726 W Imperial Hwy
Los Angeles, CA 90044,726 W Imperial Hwy
Los Angeles, CA 90044,726 W Imperial Hwy
18
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$1,300,000
Est. payment /mo
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13 BD
7 BA
4,165 SqFt
Active

726 W Imperial Hwy Los Angeles, CA 90044

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Hunter Scholl

Hunter Scholl

+1(702) 575-1320

UPDATED:

09/17/2024 06:04 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,165 sqft

Price per Sqft $312

MLS Listing ID 24-406731

Bedrooms 13

Year Built 1940

Lot Size 8,341 Sqft

Acres 0.1916

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 Metropolitan Southwest

Zoning LAR3

Rooms

Other Rooms Shed(s)

Interior

Heating Wall

Cooling Wall/Window

Equipment Range/Oven

Laundry None

Exterior

Garage Driveway, Driveway Gate, Private, Direct Entrance, Parking Space

Garage Spaces 7.0

Roof Type Asphalt

Building

Story 2

Level or Stories Multi/Split

Structure Type Stucco

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Rosano Partners

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Hunter Scholl

+1(702) 575-1320

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726 W Imperial Hwy