1635 E Imperial Hwy, Los Angeles, CA 90059
Image 2 for 1635 E Imperial Hwy, Los Angeles, CA 90059
Image 3 for 1635 E Imperial Hwy, Los Angeles, CA 90059
View Photos

1635 E Imperial Hwy Los Angeles, CA 90059

$3,400,000 Sold Price as of 05/31/2023
  • 30 Beds
  • 18 Baths
  • 13,280 Sq.Ft.
Sold
$3,400,000 Sold Price as of 05/31/2023 Refinance Your Mortgage

Map preview of 1635 E Imperial Hwy, Los Angeles, CA 90059

Property Overview: 1635 E Imperial Hwy Los Angeles, CA has 30 bedrooms, 18 bathrooms, 13,280 living square feet and 32,765 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Sagiv Rosano | BRE #01380809 | Rosano Partners
Last checked: 6 minutes ago | Last updated: July 30th, 2023 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
32,765
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22221091
City
Los Angeles
County
Los Angeles
Time on Site
564 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $11,804
  • Pro Forma/Market Rent: $17,150
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,174
  • Total Rent: $10,569
  • Pro Forma/Market Rent: $13,600
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,260
  • Total Rent: $4,520
  • Pro Forma/Market Rent: $6,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.82%
  • Gross Rent Multiplier: 10.64
  • Gross Scheduled Income: --
  • Net Operating Income: $209,396
  • Gross Operating Income: $338,422
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1635 E Imperial Hwy

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate, Vinyl, Wood
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 24
  • Has Parking
  • Parking Features: Gated, Shared Driveway, Gravel, Driveway
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 18
  • Parcel Number: 6069028027
  • Year Built Source: Assessor
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: E Imperial Hwy & Compton Ave
View more facts & features

Local Los Angeles Agent

Loading...

Sale History for 1635 E Imperial Hwy

Last sold for $3,400,000 on May 31st, 2023
  • May, 2023

  • May 31, 2023

    Date

    Sold

    CRMLS: 22221091

    $3,400,000

    Price

  • Nov 28, 2022

    Date

    Active

    CRMLS: 22221091

    $3,600,000

    Price

  • January, 2019

  • Jan 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,410,000

    Price

Show More

Tax History for 1635 E Imperial Hwy

Assessed Value (2020): $1,091,400
Year Land Value Improved Value Assessed Value
2020 $581,400 $510,000 $1,091,400

Home Value Compared to the Market

This property vs the competition

1635 E Imperial Hwy sold on May 31, 2023 for 218.58% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $271.08 per/sqft which puts the price per square foot 64.05% lower than the current median sale per square foot for the city of Los Angeles.

About 1635 E Imperial Hwy

Detailed summary of property

1635 E Imperial Hwy is a multi family that recently sold in Los Angeles, CA 90059. This multi family property offered 30 bedrooms, 18 bathrooms, roughly 13,280 living square feet, and sits on an approximately 32,765 square foot lot. 1635 E Imperial Hwy was first listed on ArdentRealEstateGroup.com on November 28, 2022. The homeowner sold the property for $3,400,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 218.58% higher than the current median priced home. Local homes that are currently for sale include 1470 W Adams Blvd, 645 S Los Angeles St and 2610 Kenwood Ave. While the average home in Los Angeles, CA is selling in 97 days, 1635 E Imperial Hwy has a days on market of 44 days. There are currently 3891 homes for sale in the Los Angeles real estate market and 2627 of them are single family homes while 1154 of them are condos and 103 are townhomes. For more information on this home for sale at 1635 E Imperial Hwy Los Angeles, CA 90059 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1635 E Imperial Hwy

Public county record property details
Beds
12
Baths
12
Year built
1961
Sq. Ft.
5,880
Lot Size
10,172
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
84,85
APN
6069-028-027

The source for these homes facts are from public records.

90059 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$574,900
Median List Price/Sq.Ft.
$512
Median Sold Price
$570,000
Median Sold Price/Sq.Ft.
$468
Total Inventory
31
Median Sale to List Price %
96.12%
Avg Days on Market
25
Loan Type
Conventional (37.5%), FHA (25%), VA (0%), Cash (12.5%), Other (12.5%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

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.