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$5,100,000
Est. payment /mo
30 Beds
28 Baths
14,656 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 14,656 sqft
Price per Sqft $347
MLS Listing ID 26998999
Bedrooms 30
HOA Y/N No
Year Built 1957
Lot Size 0.490 Acres
Property Description
819 W Imperial Hwy is a 28-unit multifamily property in South Los Angeles, offered at $5,100,000, or $182,143 per unit. Built in 1957, the property totals approx. 14,656 SF on a 21,321 SF lot and includes (26) 1-bdrm./1-bath units and (2) 2-bdrm./1-bath units. At current rents, the property performs at a 5.97% CAP and 9.84 GRM. The two-story property is arranged around a large central courtyard with mature palm trees, exterior walkways, and controlled access from Imperial Highway. Approx. 30 uncovered parking spaces at the rear provide substantial on-site parking and room for ADU construction (Buyer to verify), while community laundry adds another practical property amenity. Select units have been refreshed with wood-style flooring, updated kitchens, newer appliances, and clean contemporary finishes. Current monthly scheduled gross income totals approx. $43,186, compared with projected income of $49,250 per month, representing approx. 14% rental upside. At projected rents, the property is expected to perform at a 7.30% CAP and 8.63 GRM. The August 2026 rent roll also reflects 4 vacant 1-bdrm. units. The property is separately metered for gas and electricity. Located along Imperial Highway, 819 W Imperial Hwy sits down the street from Los Angeles Southwest College and provides convenient access to the 110 and 405 freeways. The property is also approx. 4 miles from Inglewood's sports and entertainment district, including SoFi Stadium, Intuit Dome, Hollywood Park, and Hollywood Park Casino, placing several of the area's largest entertainment and development projects within a short drive. 819 W Imperial Hwy brings together 28 units, a predominantly 1-bdrm. unit mix, substantial on-site parking, and a 5.97% current CAP, with additional income growth still available in the rent roll. With Los Angeles Southwest College nearby and Hollywood Park, SoFi Stadium, and Intuit Dome approx. 4 miles away, the property offers a larger-scale South Los Angeles multifamily asset with both current income and room to grow.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Uncovered
Community Features Gated
View Y/N No
View None
Total Parking Spaces 28
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6075011014
Security Features Gated Community
Special Listing Condition Standard
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Listed by Max Berger Compass #02054048
Nearby Locations
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Jim & Jennie Real Estate Group
Broker/CEO License ID: 01879102
Broker/CEO License ID: 01879102