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840 W Imperial Highway

Los Angeles CA, 90044

$3,750,000


$335.66 per sqft

Sold

17 Beds

19 Baths

11,172 sqft

Residential

Built in 1965

Listed by Sagiv Rosano with Rosano Partners 213-784-5334

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.

22204403

MLS ID

September 1, 2022

Listed

February 16, 2024

Updated

Map

840 W Imperial Highway
Los Angeles CA, 90044

Interior Features

Total Stories

2


Bedrooms

17 Beds


Bathrooms

19 Baths


Interior Features

Ceiling Fan(s)


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size

0.33 Acres

Other Property Details

Area Name

C36 - Metropolitan Southwest


Days on Market

138


Garage

No


Parking

Driveway


Parking Total

12


View

No


County

Los Angeles


Pool

No


Zoning

LAR3


Buyer Agency Compensation

1.75%

Listing Contact: 213-784-5334 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 3:58 AM UTC

 

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