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.
Property Details
Price:
$1,300,000
MLS #:
24406731
Status:
Active
Baths:
0
Address:
726 W Imperial Highway
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Jun 21, 2024
State:
CA
ZIP:
90044
Lot Size:
8,341 sqft / 0.19 acres (approx)
Year Built:
1940
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Schools
Interior
Appliances
Oven, Gas Range
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Driveway, Private, Direct Garage Access, Parking Space
Parking Spots
7.00
Security Features
Gated Community
Stories Total
2
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address726 W Imperial Highway Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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Courtesy of Rosano Partners. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
726 W Imperial Highway
Los Angeles, CA
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