Listed by Sagiv Rosano, Rosano Partners,

840 W Imperial Highway

Los Angeles, CA, 90044

$3,750,000

$335 per ft²
$3,750,000
$335 per ft²
Active
Active
 - For Sale
beds
17 Beds
baths
19 Baths
carpenters-square
11,172 ft²
property_type
Multi-family
calendar
Built 1965
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.
MLS® ID:
22204403
Listed:
8/31/22
Updated:
12/1/22

Interior Features

Total Bedrooms
17
Total Bathrooms
19
Interior Features
Ceiling Fan(s)
Cooling
Wall/Window Unit(s)
Heating
Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size
0.33 acres lot

Other Property Details

Area Name
C36 - Metropolitan Southwest
Garage
No
Parking
Driveway
Parking Total
12.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
11/23/22
Price Change
$3,750,000
-8%

Courtesy of Rosano Partners, Sagiv Rosano,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/1/22. 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.

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Data last updated 7:01 AM UTC, 12/1/22

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