863 E Imperial Hwy Los Angeles, CA 90059

$800,000 Sold Price as of 04/21/2016

11 Beds
7 Baths
6,046 Sq.Ft.

Off Market

$800,000 Sold Price as of 04/21/2016 Refinance Your Mortgage

Map preview of 863 E Imperial Hwy, Los Angeles, CA 90059

Property Overview: 863 E Imperial Hwy Los Angeles, CA has 11 bedrooms, 7 bathrooms, 6,046 living square feet and 5,759 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

863 E Imperial Hwy is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 863 E Imperial Hwy

Last sold for $800,000 on April 21st, 2016

September, 2021
Sep 4, 2021

Date

Withdrawn

CRMLS: 21705704

$1,600,000

Price
Jul 13, 2021

Date

Active Under Contract

CRMLS: 21705704

$1,600,000

Price
Apr 28, 2021

Date

Active

CRMLS: 21705704

$1,600,000

Price
Mar 26, 2021

Date

Active Under Contract

CRMLS: 21705704

$1,600,000

Price
Mar 16, 2021

Date

Active

CRMLS: 21705704

$1,600,000

Price
Listing provided courtesy of CRMLS

**847 E Imperial Hwy, 855 E Imperial Hwy, & 863 E Imperial Hwy MUST be sold TOGETHER** We are pleased to present 863 E Imperial Highway - a 7 unit multifamily investment opportunity located in South Los Angeles and built in 1956. The 3 story wood frame stucco building consists of five 2BR+1BA Units , 1 1BR+1BA Unit, and 1 5BR+2BA Unit. There are a total of seven (7) parking spaces: three (3) of which are covered spaces. Several units have recently been partially renovated with laminate flooring, new paint, and new plumbing fixtures. In addition to the extensive interior renovations, the property completed Soft Story Parking Retrofitting, had a brand new roof installed in 2017, completely updated electrical systems, upgraded security lighting, and installed a ADT Security System in each unit. Further, the Seller has started plans to convert the top unit into a 3 Bedroom / 2 Bath Unit. 863 E Imperial Highway has 6,046 SF of livable space situated on a 5,759 SF lot zoned LARD2. This offering is priced to sell at a 6.65% CAP and 9.59 GRM. This attractive investment will reward an intelligent investor with high returns while remaining in the city of Los Angeles. Due to historically high occupancy rates in this market and low estimated annual expenses, an investor can be confident in receiving full rental income and optimizing their investment.

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January, 2019
Jan 23, 2019

Date

Canceled

CRMLS: 18317444

$1,395,000

Price
Oct 23, 2018

Date

Price Change

CRMLS: 18317444

$1,395,000

Price
Oct 15, 2018

Date

Active

CRMLS: 18317444

$1,600,000

Price
Apr 17, 2018

Date

Active Under Contract

CRMLS: 18317444

$1,600,000

Price
Feb 26, 2018

Date

Active

CRMLS: 18317444

$1,600,000

Price
Listing provided courtesy of CRMLS

We are pleased to present 863 E Imperial Highway - a multifamily investment opportunity located in South Los Angeles currently operating as 11 units. As per the Certificate of Occupancy, the property is legally 7 units; however, Unit #6 is operating as 5 separate units with 5 separate leases. All additional rooms and bathrooms have permits in place(Buyer to Verify). The wood frame stucco building consists of one (1) One Bedroom / One Bath unit, one (1) Five Bedroom / Two Bath unit operating on 5 separate leases, and five (5) Two Bedroom / One Bath units. There are a total of seven (7) parking spaces. Several units have been partially renovated with laminate flooring, new paint, and new plumbing fixtures. Additionally, the structure was given a brand new roof in 2017 along with updated electrical and ADT security systems in each unit. ***Property offered for sale with 5 units located at 847 E Imperial Hwy. Preferred to be sold together, but not required.***

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April, 2016
Apr 21, 2016

Date

Sold (Public Records)

Public Records

$800,000

Price

Tax History for 863 E Imperial Hwy

Assessed Value (2020): $866,244

Year	Land Value	Improved Value	Assessed Value
2020	$292,256	$573,988	$866,244

About 863 E Imperial Hwy

Detailed summary of property

863 E Imperial Hwy is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90059 and last sold on April 21, 2016 for $800,000. This property has 11 bedrooms, 7 bathrooms, roughly 6,046 living square feet, and sits on an approximately 5,759 square foot lot. Homes 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 28.57% lower than the current median priced home. 863 E Imperial Hwy was last sold on April 21, 2016 for $800,000. Local nearby listings include 11714 S Spring St, 151 W 110th St and 409 E 99th St. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 863 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 863 E Imperial Hwy

Public county record property details

Beds: 11
Baths: 7
Year built: 1956
Sq. Ft.: 6,046
Lot Size: 5,759
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 138
APN: 6072-013-011

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

$585,000

Median List Price/Sq.Ft.

$533

Median Sold Price

$615,000

Median Sold Price/Sq.Ft.

$504

Total Inventory

Median Sale to List Price %

102.52%

Avg Days on Market

Loan Type

Conventional (33.33%), FHA (16.67%), VA (0%), Cash (16.67%), Other (0%)

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(714) 706-1823

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