726 Imperial Hwy Los Angeles, CA 90044-4151
- Apartment buildings
- 4,165 SF
- 0.19 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 726 Imperial Hwy
- Year built
- 1940
- Construction
- WOOD
- Lot size
- 0.19 lot acres
- Property size
- 4,165 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 6088-002-004
- APU
- 6088002004
Description
This 6-unit apartment building in Los Angeles, CA (90044), presents a compelling value-add opportunity. Located at 726 W Imperial Hwy, this two-story, 1940-built property boasts 4,165 square feet of net rentable space on an 8,341 square foot lot zoned R3-1-CPIO. The building comprises five 2-bedroom/1-bathroom units and one 3-bedroom/2-bathroom unit, currently at 100% occupancy. The asking price is $1,300,000, representing $216,667 per unit and a current cap rate of 5.01%. Significant rental upside potential exists, with a pro-forma cap rate of 10.23% and pro-forma NOI of $132,979. The property features rear alley access and parking for 7-8 vehicles. Its central South Los Angeles location offers convenient access to major freeways (105 and 110), Downtown LA, LAX, and various employment centers. The property is ED1 and TOC Tier 3 eligible, presenting potential for future development. Current NOI is $65,083. This property is ideal for investors seeking strong returns and significant appreciation potential in a rapidly growing market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.288
- Latitude
- 33.9306
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA