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2075 E Imperial Highway

Los Angeles, CA 90059
  • $1,185,000
  • STATUS: Pending
  • ON SITE: 39 Days
  • ID#: SR21203807
Pending
UPDATED: 71 min ago
$1,185,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,099
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1929
County:
Area:

School Ratings & Info

Description

We are proud to offer for sale for the first time in 19 years, Imperial Homes & Apartments. This unique investment opportunity is located at 2075 E Imperial Highway.Imperial Homes & Apartments is a multifamily community totaling 6 garden-style units comprised of 3 separate structures including 2 detached homes & a 4-unit apartment building. The homes were built in 1922 & 1929 and the fourplex was built in 1949. The fourplex is 2 stories and offers four spacious one-bedroom/one-bath units and a laundry room at the rear of the structure. The front house is a large single story three-bedroom/ 1.5 bath with attached garage. The rear home is a spacious single story three-bedroom/two-bath currently vacant and in need of significant rehab. The structures are wood frame with painted stucco exterior. Roofing for both homes is pitched and flat for the fourplex.The total building square feet is +/- 6,099 on a large +/- 18,686 square foot lot zoned LARD2. The lot is in an Opportunity Zone and designated Transit Oriented Communities (TOC) Tier 3!The exterior apartment building and front house were painted along with the windows being upgraded. Fourof the 6 units have been renovated to different degrees.There was electrical and roof work done throughout the apartment building and front home. Common area amenities include laundry room, plenty of on-site parking and massive backyard.2075 E Imperial Hwy is located in Watts, Los Angeles, CA south of Santa Ana Blvd., north of the 105 and east of Willowbrook Ave. Nearby destinations include California Science Centers, coffee shops, grocery stores, parks & recreation center. The closest grocery story is Pink Store Market and nearby coffee shops include Watts Coffee House, Donut Town & Water, Caf Oaxaca, Dulce Vida, & Starbucks.Low vacancy rates in Watts coupled with continued low interest rates have led to multifamily investment properties becoming a highly attractive asset class. With many units at below market rents amidst a thriving rental market, 2075 E Imperial Hwy offers astute investors significant rental upside potential of roughly 21.9%.

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Based on information from CRISNet MLS as of 2021-10-25T15:56:40.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-10-25T15:56:40.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchhomesincalifornia.com/homes/121464787
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2075 E Imperial Highway Los Angeles, CA 90059

  • Price: $1,185,000
  • Status: Pending
  • Updated: 71 min ago
  • ID#: SR21203807
0
Beds
0
Baths
0
½ Baths
0.43
Acres
6,099
SQFT
$0
$/SQFT
1929
Built
Neighborhood:
Watt - Watts
County:
Los Angeles
Area:
Watt - Watts
Property Description
We are proud to offer for sale for the first time in 19 years, Imperial Homes & Apartments. This unique investment opportunity is located at 2075 E Imperial Highway.Imperial Homes & Apartments is a multifamily community totaling 6 garden-style units comprised of 3 separate structures including 2 detached homes & a 4-unit apartment building. The homes were built in 1922 & 1929 and the fourplex was built in 1949. The fourplex is 2 stories and offers four spacious one-bedroom/one-bath units and a laundry room at the rear of the structure. The front house is a large single story three-bedroom/ 1.5 bath with attached garage. The rear home is a spacious single story three-bedroom/two-bath currently vacant and in need of significant rehab. The structures are wood frame with painted stucco exterior. Roofing for both homes is pitched and flat for the fourplex.The total building square feet is +/- 6,099 on a large +/- 18,686 square foot lot zoned LARD2. The lot is in an Opportunity Zone and designated Transit Oriented Communities (TOC) Tier 3!The exterior apartment building and front house were painted along with the windows being upgraded. Fourof the 6 units have been renovated to different degrees.There was electrical and roof work done throughout the apartment building and front home. Common area amenities include laundry room, plenty of on-site parking and massive backyard.2075 E Imperial Hwy is located in Watts, Los Angeles, CA south of Santa Ana Blvd., north of the 105 and east of Willowbrook Ave. Nearby destinations include California Science Centers, coffee shops, grocery stores, parks & recreation center. The closest grocery story is Pink Store Market and nearby coffee shops include Watts Coffee House, Donut Town & Water, Caf Oaxaca, Dulce Vida, & Starbucks.Low vacancy rates in Watts coupled with continued low interest rates have led to multifamily investment properties becoming a highly attractive asset class. With many units at below market rents amidst a thriving rental market, 2075 E Imperial Hwy offers astute investors significant rental upside potential of roughly 21.9%.
Exterior Features

Lot Features 6-10 Units/Acre Lot Size Area 18686.0000 Parking Features PavedGarageOn Site Parking Total 0.00 Parking YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling See Remarks Cooling YN Yes Fireplace Features None Fireplace YN No Laundry Features See Remarks Laundry YN Yes

Property Features

Additional Parcels YN No Community Features BikingHikingSidewalksStreet Lights Land Lease YN No New Construction YN No Pool Features None Pool Private YN No Property Attached YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity AvailableSee RemarksWater Available Water Source Public

Listing provided courtesy of Raymond Rodriguez, CA DRE# 01402283, of Keller Williams Realty Calabasas.


Based on information from CRISNet MLS as of 2021-10-25T15:56:40.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-10-25T15:56:40.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Powell Fine Homes Group, Inc. - Keller Williams Realty World Class
30700 Russell Ranch Road, Suite 200
Westlake Village CA, 91362