Listed by Sagiv Rosano, Rosano Partners,

1635 E Imperial Highway

Los Angeles, CA, 90059

$3,600,000

$271 per ft²
$3,600,000
$271 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
30 Beds
baths
18 Baths
carpenters-square
13,280 ft²
property_type
Multi-family
calendar
Built 1961
La Beth Apartments is a unique 18 residential community comprised of a 12-unit apartment buildings, a 4 unit apartment building, and 2 single family homes on four contiguous lots with separate APN's. This rare investment opportunity is situated on a massive 32,765 square feet of land zoned LAR1 with ample surface parking and excellent access from Imperial Highway and 115th Street. The two apartment buildings located at 1635 & 1643 E Imperial Hwy are comprised of an excellent unit mix of eight (8) 1 bedroom, 1 bath units, seven (7) 2 bedroom, 1bath units, and one (1) 3 bedroom, 1 bath units. The two single family homes located at 1624 & 1628 E 115th Street include a 988 square feet 3 bedroom, 1 bath house (built in 1915) and a 1,064 square feet 2bedroom, 1 bath house (built in 1954), which do not fall under LA City rent control. The property presents strong and reliable current income with ten(10) section 8 tenants and 4 vacant units, two of which are recently renovated with recessed lighting, all new stainless-steel appliances, new hardwood flooring, and modern efficient kitchens. La Beth Apartments also presents the unique opportunity to improve NOI significantly by eliminating the need for an on-site manager and potentially adding accessory dwelling units (ADUs). Buyer to verify. La Beth Apartments is located in South Los Angeles, just north of the105 freeway, providing tenants with easy access to the South Bay, LAX, Downtown Los Angeles, Space X, and Orange County. The immediate location is surrounded by a plethora of amenities, including Martin Luther King Jr. Community Hospital (0.7 miles south), St. Francis Medical Center (2.5 miles east), Magic Johnson Recreation Area (2.0 miles southeast), Watts Towers (1.0 mile north),and Ted Watkins Memorial Park (1.5 miles north). The Willowbrook and Watts neighborhoods have experienced significant rent growth in recent years with limited apartment availability and convenient access to several local schools, hospitals, parks, and employment.
MLS® ID:
22221091
Listed:
11/27/22
Updated:
2/3/23
Compass
Accardo Real Estate Company

Interior Features

Total Bedrooms
30
Total Bathrooms
18
Floor Description
Laminate, Vinyl, Wood
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.75 acres lot
Exterior Features
Shed(s)

Other Property Details

Area Name
C37 - Metropolitan South
Garage
No
Parking
Driveway, Gravel, Gated, Shared Driveway
Parking Total
24.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR1
Buyer Agency Compensation
1.500

Property History

Date
Event
Price
Value
1/13/23
Active Under Contract
-
-

Listed by Rosano Partners, Sagiv Rosano,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 2/3/23. 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.

©2023 California Regional Multiple Listing Service. All rights reserved.

Data last updated 1:55 PM UTC, 2/3/23

Compass
Accardo Real Estate Company
Contact