Sold

1635 E Imperial Highway

Los Angeles CA, 90059

$3,600,000


$271.08 per sqft

Sold

30 Beds

18 Baths

13,280 sqft

Residential

Built in 1961

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

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.

22221091

MLS ID

November 28, 2022

Listed

February 16, 2024

Updated

Map

1635 E Imperial Highway
Los Angeles CA, 90059

Interior Features

Total Stories

2


Bedrooms

30 Beds


Bathrooms

18 Baths


Floor Description

Laminate, Vinyl, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.75 Acres

Other Property Details

Area Name

C37 - Metropolitan South


Days on Market

44


Garage

No


Parking

Driveway, Gravel, Gated, Shared Driveway


Parking Total

24


View

No


County

Los Angeles


Pool

No


Zoning

LAR1


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

7/30/2023

Price Change

$3,400,000

-6%

7/30/2023

Sold

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 4:09 AM UTC

 

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