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

$1,300,000
  • 13 Beds
  • 7 Baths
  • 4,165 Sq.Ft.
For Sale
$1,300,000 Get Pre-Qualified
Map preview of 726 W Imperial Hwy, Los Angeles, CA 90044

Property Overview: 726 W Imperial Hwy Los Angeles, CA has 13 bedrooms, 7 bathrooms, 4,165 living square feet and 8,341 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: We are pleased to present 726 W Imperial Hwy, a 6-unit value add apartment community located in the Harbor Gateway neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (5) 2 bed/1Bath units and (1) 3 bed/2 Bath unit. This unique investment opportunity offers significant rental upside potential of approximately 75% with market and over 100% with Section8. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units, and $3,915 for3-bedroom units as of 2/2024. The gated property also sits on 8,341 square feet of land zoned R3-1-CPIO with rear alley access and parking for 7-8 vehicles. The property falls under TOC Tier 3 (up to 21 units) and is ED1 Eligible (unlimited density and streamlined approval process for Affordable Housing).726 W Imperial Hwy is centrally located just off the 105 and110 freeways, providing convenient access to Downtown LA, Hollywood Park/Sofi Stadium, LAX, and South Bay. South Los Angeles has seen significant rent growth over the past several years due to 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 few years with average2-bedroom market rents reaching $2,300-$2,600 and Section8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Listed by Brandon Evans | BRE #02058494 | Rosano Partners
Last checked: 6 minutes ago | Last updated: September 17th, 2024 | Source CRMLS | DOM: 99

Home details

Lot Sq. Ft
8,341
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24406731
City
Los Angeles
County
Los Angeles
Time on Site
99 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,482
  • Total Rent: $7,410
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.01%
  • Gross Rent Multiplier: 11.96
  • Gross Scheduled Income: --
  • Net Operating Income: $65,083
  • Gross Operating Income: $108,720
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 726 W Imperial Hwy

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Property Details for 726 W Imperial Hwy

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
  • Oven, Gas Range
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Driveway, Private, Direct Garage Access, Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 6088002004
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Imperial Hwy & Hoover St
View more facts & features

Local Los Angeles Agent

Sale History for 726 W Imperial Hwy

Last sold for $425,000 on May 16th, 2011

  • June, 2024

  • Jun 21, 2024

    Date

    Active

    CRMLS: 24406731

    $1,400,000

    Price

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: SB22100635

    $1,350,000

    Price

  • May 13, 2022

    Date

    Active

    CRMLS: SB22100635

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    726 Imperial Hwy has huge upside development potential. Sitting on a 8,343 sq ft R3 lot, one can build 10 units by right plus take advantage of the locations Tier 3 density bonus. Tenants enjoy the close proximity to the 105 & 110 Fwy allowing for easy commutes and investors will be close to SpaceX and multi-billion dollar So-Fi Stadium! Currently the property generates strong income from the 6 units combining of (5) 2-bedroom/1-bath and (1)3-bedroom/1.5 units.

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: SB22100976

    $1,350,000

    Price

  • May 13, 2022

    Date

    Active

    CRMLS: SB22100976

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    726 Imperial Hwy has huge upside development potential. Sitting on a 8,343 sq ft R3 lot, one can build 10 units by right plus take advantage of the locations Tier 3 density bonus. Tenants enjoy the close proximity to the 105 & 110 Fwy allowing for easy commutes and investors will be close to SpaceX and multi-billion dollar So-Fi Stadium! Currently the property generates strong income from the 6 units combining of (5) 2-bedroom/1-bath and (1)3-bedroom/1.5 units.

  • May, 2011

  • May 16, 2011

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

  • April, 2010

  • Apr 30, 2010

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

Show More

Tax History for 726 W Imperial Hwy

Assessed Value (2020): $497,869
Year Land Value Improved Value Assessed Value
2020 $380,726 $117,143 $497,869

Home Value Compared to the Market

This property vs the competition

726 W Imperial Hwy is listed 8.33% higher 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 $771 and this home is listed at $312.12 per/sqft which puts the price per square foot 59.52% lower than the median price per square foot for the city of Los Angeles.

About 726 W Imperial Hwy

Detailed summary of property

726 W Imperial Hwy is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 13 bedrooms, 7 bathrooms, roughly 4,165 living square feet, and sits on an approximately 8,341 square foot lot. 726 W Imperial Hwy was first listed on ArdentRealEstateGroup.com on June 21, 2024. The homeowner is currently asking $1,300,000 and was originally asking $1,400,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.33% higher than the median priced home. Local competing homes currently for sale include 10465 S Hoover St, 1631 E 88th St and 8018 Avalon Blvd. While the average home in Los Angeles, CA is selling in 106 days, 726 W Imperial Hwy has a days on market of 99 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 726 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 726 W Imperial Hwy

Public county record property details
Beds
13
Baths
6
Year built
1940
Sq. Ft.
4,165
Lot Size
8,342
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
6088-002-004

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
$649,900
Median List Price/Sq.Ft.
$518
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
93
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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