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553 W Imperial Hwy, Los Angeles, CA 90044
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553 W Imperial Hwy Los Angeles, CA 90044

$825,000
  • 10 Beds
  • 10 Baths
  • 2,352 Sq.Ft.
For Sale
$825,000 Get Pre-Qualified
Map preview of 553 W Imperial Hwy, Los Angeles, CA 90044

Property Overview: 553 W Imperial Hwy Los Angeles, CA has 10 bedrooms, 10 bathrooms, 2,352 living square feet and 5,460 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: This property is a well-maintained multi-unit, featuring two spacious 4-unit buildings, each consisting of 1-bedroom, 1-bathroom apartments. With eight total units, this income-generating property is in excellent condition, boasting clean interiors, quality appliances, and energy-efficient features. Each unit offers an open-concept living area with ample natural light, a fully equipped kitchen, and a comfortable bedroom with plenty of closet space. The property includes well-kept common areas, on-site parking, and landscaped surroundings. Ideal for investors looking for a turnkey property with low maintenance and strong rental potential. Please note that 553 & 557 W Imperial HWY are being sold together.

Listed by Peter DiVito | BRE #01940016 | The Agency
Last checked: 8 minutes ago | Last updated: September 15th, 2024 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
5,460
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24439646
City
Los Angeles
County
Los Angeles
Time on Site
4 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,002
  • Total Rent: $1,002
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,027
  • Total Rent: $1,027
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $877
  • Total Rent: $877
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.91
  • Gross Scheduled Income: --
  • Net Operating Income: $32,792
  • Gross Operating Income: $49,272
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 553 W Imperial Hwy

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 6075026024
  • Year Built Source: Assessor
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 553 W Imperial Hwy

View property's historical transactions

  • September, 2024

  • Sep 14, 2024

    Date

    Active

    CRMLS: 24439646

    $825,000

    Price

Tax History for 553 W Imperial Hwy

Assessed Value (2020): $51,945
Year Land Value Improved Value Assessed Value
2020 $17,677 $34,268 $51,945

Home Value Compared to the Market

This property vs the competition

553 W Imperial Hwy is listed 31.25% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $350.77 per/sqft which puts the price per square foot 54.33% lower than the median price per square foot for the city of Los Angeles.

About 553 W Imperial Hwy

Detailed summary of property

553 W Imperial Hwy is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 10 bedrooms, 10 bathrooms, roughly 2,352 living square feet, and sits on an approximately 5,460 square foot lot. 553 W Imperial Hwy was first listed on ArdentRealEstateGroup.com on September 15, 2024. The homeowner is currently asking $825,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 31.25% lower than the median priced home. Local competing homes currently for sale include 230 E 111th St, 114 E 102nd St and 1031 W Century Blvd. While the average home in Los Angeles, CA is selling in 106 days, 553 W Imperial Hwy has a days on market of 5 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 553 W Imperial Hwy Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 553 W Imperial Hwy

Public county record property details
Beds
--
Baths
--
Year built
1953
Sq. Ft.
2,352
Lot Size
5,458
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
424
APN
6075-026-024

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
87
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

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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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