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

$2,900,000 Sold Price as of 01/17/2023
  • 17 Beds
  • 19 Baths
  • 11,172 Sq.Ft.
Sold
$2,900,000 Sold Price as of 01/17/2023 Refinance Your Mortgage
Map preview of 840 W Imperial Hwy, Los Angeles, CA 90044

Property Overview: 840 W Imperial Hwy Los Angeles, CA has 17 bedrooms, 19 bathrooms, 11,172 living square feet and 14,401 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Sagiv Rosano | BRE #01380809 | Rosano Partners
Last checked: 2 minutes ago | Last updated: January 19th, 2023 | Source CRMLS | DOM: 138

Home details

Lot Sq. Ft
14,401
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22204403
City
Los Angeles
County
Los Angeles
Time on Site
720 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 1
  • # of Leased Units: 19
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,320
  • Total Rent: $9,244
  • Pro Forma/Market Rent: $10,150
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,518
  • Total Rent: $13,665
  • Pro Forma/Market Rent: $15,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,984
  • Total Rent: $1,984
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,353
  • Total Rent: $2,706
  • Pro Forma/Market Rent: $5,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.52%
  • Gross Rent Multiplier: 12.34
  • Gross Scheduled Income: --
  • Net Operating Income: $207,173
  • Gross Operating Income: $332,205
  • Other Income 1: $993
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 840 W Imperial Hwy

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 19
  • Parcel Number: 6088001031
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: S Vermont & W Imperial Hwy
View more facts & features

Local Los Angeles Agent

Sale History for 840 W Imperial Hwy

Last sold for $2,900,000 on January 17th, 2023

  • January, 2023

  • Jan 17, 2023

    Date

    Sold

    CRMLS: 22204403

    $2,900,000

    Price

  • Sep 1, 2022

    Date

    Active

    CRMLS: 22204403

    $4,100,000

    Price

  • May, 2017

  • May 17, 2017

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

  • September, 2016

  • Sep 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,700,000

    Price

Show More

Tax History for 840 W Imperial Hwy

Assessed Value (2020): $2,627,550
Year Land Value Improved Value Assessed Value
2020 $848,966 $1,778,584 $2,627,550

Home Value Compared to the Market

This property vs the competition

840 W Imperial Hwy sold on January 17, 2023 for 234.82% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $335.66 per/sqft which puts the price per square foot 53.64% lower than the current median sale per square foot for the city of Los Angeles.

About 840 W Imperial Hwy

Detailed summary of property

840 W Imperial Hwy is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 17 bedrooms, 19 bathrooms, roughly 11,172 living square feet, and sits on an approximately 14,401 square foot lot. 840 W Imperial Hwy was first listed on ArdentRealEstateGroup.com on September 30, 2022. The homeowner sold the property for $2,900,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 234.82% higher than the current median priced home. Local homes that are currently for sale include 4224 S Western Ave, 130 E 29th St and 1951 W Martin Luther King Jr Blvd. While the average home in Los Angeles, CA is selling in 106 days, 840 W Imperial Hwy has a days on market of 138 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 840 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 840 W Imperial Hwy

Public county record property details
Beds
17
Baths
--
Year built
1965
Sq. Ft.
11,172
Lot Size
14,401
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
15-17
APN
6088-001-031

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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