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855 E Imperial Hwy, Los Angeles, CA 90059
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855 E Imperial Hwy Los Angeles, CA 90059

$536,400 Sold Price as of 04/03/2020
  • 9 Beds
  • 3 Baths
  • -- Sq.Ft.
Sold
$536,400 Sold Price as of 04/03/2020 Refinance Your Mortgage
Map preview of 855 E Imperial Hwy, Los Angeles, CA 90059

Property Overview: 855 E Imperial Hwy Los Angeles, CA has 9 bedrooms, 3 bathrooms, -- living square feet and 5,770 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: THIS IS A GREAT INCOME PROPERTY LIVE ON ONE AND RENT THE 2ND UNIT, HUGE PARKING SPACE.

Listed by Ruben Dominguez | BRE #01791408 | Financial Realty Group
Last checked: 3 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
5,770
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19535124
City
Los Angeles
County
Los Angeles
Time on Site
1218 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.48
  • Gross Scheduled Income: --
  • Net Operating Income: $40,800
  • Gross Operating Income: $46,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 855 E Imperial Hwy

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Parking Space
Property Information
  • Total # of Units: 2
  • Parcel Number: 6072013012
Location / Neighborhood
Location Information
  • Directions: 105 FWY EXIT CENTRAL AVE
View more facts & features

Local Los Angeles Agent

Sale History for 855 E Imperial Hwy

Last sold for $536,500 on April 3rd, 2020

  • September, 2021

  • Sep 4, 2021

    Date

    Withdrawn

    CRMLS: 21705650

    $625,000

    Price

  • Jul 13, 2021

    Date

    Active Under Contract

    CRMLS: 21705650

    $625,000

    Price

  • Apr 28, 2021

    Date

    Active

    CRMLS: 21705650

    $625,000

    Price

  • Mar 26, 2021

    Date

    Active Under Contract

    CRMLS: 21705650

    $625,000

    Price

  • Mar 16, 2021

    Date

    Active

    CRMLS: 21705650

    $625,000

    Price

  • Listing provided courtesy of CRMLS

    **847 E Imperial Hwy, 855 E Imperial Hwy, and 863 E Imperial Hwy MUST be sold TOGETHER** We are pleased pleased to present 855 E Imperial Hwy - a two (2) unit multifamily investment opportunity located in South Los Angeles and built in 1910. The two (2) story property consists of two (2) Three Bedroom / One Bath units and features a strong CAP rate of 11.65% and a GRM of 6.31 on current rents. The Seller has taken advantage of Government Subsidized Housing program to maximize the potential income of the property. Each of the units have been rented by bedroom for $1,350/bedroom/month. They are initially 3 month - 1 year leases that revert to month-to-month tenancy hereafter. Please note that the tenancy is subject to change. Also, the property has 6 parking spaces which could potentially be rented out for additional income. Located just blocks from the 105 and 110 freeways between Central Avenue and Avalon Boulevard, the location of the offering allows for easy access to nearby freeways and shopping center to accommodate for daily needs. Further, the subject property may be eligible for an ADU(s) and would provide an owner with a great opportunity to add units to the lot in order to maximize the value of this asset (BUYER TO VERIFY).

  • April, 2020

  • Apr 8, 2020

    Date

    Sold

    CRMLS: 19535124

    $536,400

    Price

  • Jan 23, 2020

    Date

    Pending

    CRMLS: 19535124

    $583,999

    Price

  • Dec 6, 2019

    Date

    Active

    CRMLS: 19535124

    $583,999

    Price

  • April, 2020

  • Apr 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $536,500

    Price

  • June, 2009

  • Jun 9, 2009

    Date

    Sold (Public Records)

    Public Records

    $245,000

    Price

Show More

Tax History for 855 E Imperial Hwy

Assessed Value (2020): $339,069
Year Land Value Improved Value Assessed Value
2020 $235,384 $103,685 $339,069

Home Value Compared to the Market

This property vs the competition

855 E Imperial Hwy sold on April 3, 2020 for 50.92% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 855 E Imperial Hwy

Detailed summary of property

855 E Imperial Hwy is a multi family that recently sold in Los Angeles, CA 90059. This multi family property offered 9 bedrooms, 3 bathrooms, roughly -- living square feet, and sits on an approximately 5,770 square foot lot. 855 E Imperial Hwy was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $536,400. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 50.92% lower than the current median priced home. Local homes that are currently for sale include 1462 E 57th St, 1253 W 65th St and 219 W 51st St. While the average home in Los Angeles, CA is selling in 94 days, 855 E Imperial Hwy has a days on market of 46 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 855 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 855 E Imperial Hwy

Public county record property details
Beds
4
Baths
2
Year built
1910
Sq. Ft.
1,928
Lot Size
5,769
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
138
APN
6072-013-012

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
$575,000
Median List Price/Sq.Ft.
$514
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
37
Median Sale to List Price %
99.28%
Avg Days on Market
38
Loan Type
Conventional (11.11%), FHA (55.56%), VA (11.11%), Cash (0%), Other (22.22%)

Thinking of Selling?

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(714) 706-1823

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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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