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151 W Imperial Hwy, Los Angeles, CA 90061
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151 W Imperial Hwy Los Angeles, CA 90061

$1,133,888
  • 10 Beds
  • 5 Baths
  • 3,367 Sq.Ft.
For Sale
$1,133,888 Get Pre-Qualified
Map preview of 151 W Imperial Hwy, Los Angeles, CA 90061

Property Overview: 151 W Imperial Hwy Los Angeles, CA has 10 bedrooms, 5 bathrooms, 3,367 living square feet and 6,508 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to this incredible investment opportunity located in the heart of Los Angeles. This property features two buildings situated on a spacious 6,508 sqft lot. The front house boasts 2 bedrooms and 1 bathroom, perfect for a small family or a couple looking for a starter home. The back building comprises 4 units featuring 2 bedrooms and 1 bathroom. With 5 rental units, this property offers excellent income potential for any investor. Unit A has a renovated Bathroom. Unit B is completely renovated. Gross rents are $8524.86 a month. Gross Yearly income of $102,298.32 Each unit has been recently painted, giving them a fresh and modern look. The back building is 2 stories, providing ample space for all occupants. There is also plenty of parking available, with space in the middle and next to the back building. Located adjacent to both the 110 and 105 highways, this property is in a prime location for easy transportation and accessibility. Don't miss out on this fantastic opportunity to own a piece of Los Angeles real estate!

Listed by Noe Blanco | BRE #01787137 | RE/MAX Alliance Group
Last checked: 3 minutes ago | Last updated: March 18th, 2024 | Source CRMLS | DOM: 353
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Home details

Lot Sq. Ft
6,508
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Apartment
Status
Active
MLS#
IN23077584
City
Los Angeles
County
Los Angeles
Time on Site
331 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,484
  • Total Rent: $1,484
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,480
  • Total Rent: $2,480
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,603
  • Total Rent: $1,603
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,571
  • Total Rent: $1,571
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,385
  • Total Rent: $1,385
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.2%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,298
  • Net Operating Income: $91,498
  • Gross Operating Income: $10,890
Annual Expense Breakdown
  • Total Operating Expense: $10,890
  • Electric: $780
  • Gas/Fuel: $0
  • Licenses: $150
  • Trash: $0
  • Insurance: $1,944
  • Professional Management: $0
  • Water/Sewer: $8,016

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Property Details for 151 W Imperial Hwy

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 6074025041
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Water Available
Location / Neighborhood
Location Information
  • Directions: Cross street: W Imperial Highway X S Main Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 151 W Imperial Hwy

Last sold for $260,000 on August 10th, 2010

  • April, 2024

  • Apr 8, 2024

    Date

    Active

    CRMLS: IN24069794

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this modern two-bedroom apartment in the bustling city of Los Angeles, California. Situated conveniently near freeways and the Metro Rail, it offers easy access to transportation, making commuting a breeze for residents. The property is nestled within a vibrant neighborhood boasting excellent amenities, including schools and shopping centers, providing residents with convenient daily access to everything they need. Upon entering this apartment, you'll be greeted by a spacious living area with ample room for relaxation and entertainment. The interior features a contemporary design, sleek finishes, and stylish touches. The kitchen is a highlight of the apartment, showcasing newer fixtures and making meal preparation a delight. Whether you're whipping up a quick breakfast or hosting a dinner party, this kitchen is sure to impress with its functionality and modern aesthetic. The two bedrooms offer comfortable living spaces, perfect for unwinding after a long day. Each well-appointed bedroom provides residents with a cozy retreat to rest and recharge. The bathroom has also been updated, featuring modern amenities and elegant design elements. With its clean lines and luxurious features, the bathroom offers a spa-like experience for residents to enjoy. This two-bedroom apartment in Los Angeles offers a perfect blend of comfort, convenience, and style. Its prime location near freeways, Metro Rail, schools, and shopping, along with its newer kitchen and bathroom, presents an ideal opportunity for modern urban living in the heart of this vibrant city.

  • May, 2023

  • May 5, 2023

    Date

    Active

    CRMLS: IN23077584

    $1,075,000

    Price

  • April, 2023

  • Apr 27, 2023

    Date

    Expired

    CRMLS: IN22231347

    $1,198,800

    Price

  • Nov 4, 2022

    Date

    Active

    CRMLS: IN22231347

    $1,198,800

    Price

  • Listing provided courtesy of CRMLS

    An excellent opportunity to invest in a high demand rental area in Los Angeles. This 5 unit income property includes a front stand-alone building with a spacious 2 bedroom, 1 bathroom home featuring a large living room, new roof, and a private side yard. In addition, there are 4 units in the rear building, each with 2 bedrooms and 1 bathroom. The entire property has been recently painted, including the interior and exterior of the rear units. Its prime location provides easy access to schools, shopping, parks, and freeways. With its potential for rental income, this property would be an ideal addition to any rental portfolio.

  • October, 2022

  • Oct 28, 2022

    Date

    Canceled

    CRMLS: IN22152145

    $1,150,000

    Price

  • Jul 12, 2022

    Date

    Active

    CRMLS: IN22152145

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    151 W Imperial Hwy is a 3,367 square foot multi-family home on a 6,508 square foot lot with 5 units consisting of 2 bedrooms and 1 bathroom. Easy access to the 105 freeway. 2 exits to Prairie Ave that takes you to the SoFi Stadium and all the sporting centers. LAX Metro Rail.

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: PW20248975

    $1,200,000

    Price

  • Dec 2, 2020

    Date

    Active

    CRMLS: PW20248975

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    5 units in Los Angeles for sale! Good Investment property with Good Long Term Tenants. 2 buildings detached, DRIVE BY ONLY, Subject to interior inspection with offer accepted. The Rent is .very low! Market rent the front house is $ 1800.00, the 2 bedroom market rent is $ 1450.00, Rent Control applied. 2-3 year olds Water Heater. NEWER water heaters for all Units (2-3years old). Good Tenants good incomes. IDEAL for 1031 Exchange!!!!

  • August, 2010

  • Aug 10, 2010

    Date

    Sold (Public Records)

    Public Records

    $260,000

    Price

  • March, 2001

  • Mar 9, 2001

    Date

    Sold (Public Records)

    Public Records

    $243,000

    Price

Show More

Tax History for 151 W Imperial Hwy

Assessed Value (2020): $304,578
Year Land Value Improved Value Assessed Value
2020 $152,289 $152,289 $304,578

Home Value Compared to the Market

This property vs the competition

151 W Imperial Hwy is listed 7.44% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $336.77 per/sqft which puts the price per square foot 56.49% lower than the median price per square foot for the city of Los Angeles.

About 151 W Imperial Hwy

Detailed summary of property

151 W Imperial Hwy is a apartment located in Los Angeles, CA 90061 and is currently for sale. This apartment offers 10 bedrooms, 5 bathrooms, roughly 3,367 living square feet, and sits on an approximately 6,508 square foot lot. 151 W Imperial Hwy was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner is currently asking $1,133,888 and was originally asking $1,075,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 7.44% lower than the median priced home. Local competing homes currently for sale include 1552 W 103rd St, 1624 E 109th St and 907 E 88th St. While the average home in Los Angeles, CA is selling in 96 days, 151 W Imperial Hwy has a days on market of 353 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 151 W Imperial Hwy Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 151 W Imperial Hwy

Public county record property details
Beds
10
Baths
5
Year built
1927
Sq. Ft.
3,367
Lot Size
6,507
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
323
APN
6074-025-041

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$649,999
Median List Price/Sq.Ft.
$527
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$531
Total Inventory
24
Median Sale to List Price %
110.09%
Avg Days on Market
39
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Recently Sold Homes Near 151 W Imperial Hwy

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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