357 E IMPERIAL Highway E

Los Angeles , CA 90061

MLS#: 14760307

$745,000

Status: Closed
Listing number: 14760307
Listing provided by: McAlpin & Company
Listing agent phone: None
Last update: 2 years ago
On site: 10 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1951

Sq.Footage

N/A

We are pleased to announce a price reduction on this nine unit apartment comples in the City of Los Angeles. The site is located on Imperial Highway between Avalon and San Pedro. The unit mix consists of two - two bedroom apartments and seven - one bedroom units. The structures were built in 1951 and contain 4,742 square feet. The property faces two streets on a large 11,747 square foot lot. There is easy access to the 105 and 110 freeways and it is minutes from LAX, the Forum and Downtown Los Angeles. Some of the rents are low and provide the new owner an opportunity to increase the rents upon vacancy. The GRM is now 8.99 and the CAP rate is 7.3. This deal will provide over a 10% cash flow from day 1, with plenty of room to grow. The property is subject to rent control. Please do not disturb tenants or walk on the property.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.27

  • Property Type

    Residential Income

Price

  • Sales Price

    $745,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Jerome McAlpin , McAlpin & Company

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We are pleased to announce a price reduction on this nine unit apartment comples in the City of Los Angeles. The site is located on Imperial Highway between Avalon and San Pedro. The unit mix consists of two - two bedroom apartments and seven - one bedroom units. The structures were built in 1951 and contain 4,742 square feet. The property faces two streets on a large 11,747 square foot lot. There is easy access to the 105 and 110 freeways and it is minutes from LAX, the Forum and Downtown Los Angeles. Some of the rents are low and provide the new owner an opportunity to increase the rents upon vacancy. The GRM is now 8.99 and the CAP rate is 7.3. This deal will provide over a 10% cash flow from day 1, with plenty of room to grow. The property is subject to rent control. Please do not disturb tenants or walk on the property.

357 E IMPERIAL Highway E

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