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1635 E Imperial Hwy, Los Angeles, CA 90059
$3,400,000
1635 E Imperial Hwy, Los Angeles, CA 90059View this property at 1635 E Imperial Hwy, Los Angeles, CA 90059
1635 E Imperial HwyLos AngelesCA90059
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Property Description
La Beth Apartments is a unique 18 residential community comprised of a 12-unit apartment buildings, a 4 unit apartment building, and 2 single family homes on four contiguous lots with separate APN's. This rare investment opportunity is situated on a massive 32,765 square feet of land zoned LAR1 with ample surface parking and excellent access from Imperial Highway and 115th Street. The two apartment buildings located at 1635 & 1643 E Imperial Hwy are comprised of an excellent unit mix of eight (8) 1 bedroom, 1 bath units, seven (7) 2 bedroom, 1bath units, and one (1) 3 bedroom, 1 bath units. The two single family homes located at 1624 & 1628 E 115th Street include a 988 square feet 3 bedroom, 1 bath house (built in 1915) and a 1,064 square feet 2bedroom, 1 bath house (built in 1954), which do not fall under LA City rent control. The property presents strong and reliable current income with ten(10) section 8 tenants and 4 vacant units, two of which are recently renovated with recessed lighting, all new stainless-steel appliances, new hardwood flooring, and modern efficient kitchens. La Beth Apartments also presents the unique opportunity to improve NOI significantly by eliminating the need for an on-site manager and potentially adding accessory dwelling units (ADUs). Buyer to verify. La Beth Apartments is located in South Los Angeles, just north of the105 freeway, providing tenants with easy access to the South Bay, LAX, Downtown Los Angeles, Space X, and Orange County. The immediate location is surrounded by a plethora of amenities, including Martin Luther King Jr. Community Hospital (0.7 miles south), St. Francis Medical Center (2.5 miles east), Magic Johnson Recreation Area (2.0 miles southeast), Watts Towers (1.0 mile north),and Ted Watkins Memorial Park (1.5 miles north). The Willowbrook and Watts neighborhoods have experienced significant rent growth in recent years with limited apartment availability and convenient access to several local schools, hospitals, parks, and employment.
Full Property Details
Full Property Details for 1635 E Imperial Hwy
General
- Sold For: $3,400,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 22-221091
- Added to Site: 567 day(s) ago
Interior
- Flooring: Laminate, Wood Laminate, Vinyl Plank, Vinyl, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 18
Bedrooms
- Total Bedrooms: 30
Additional Information
- Other Features: Shed(s), Other, Accessory Bldgs
Parking
- Garage Description: Driveway Gate, Gated, Shared Driveway, Driveway - Gravel, Driveway
Location
- Area: Metropolitan South
- County: Los Angeles
- Cross Streets: E Imperial Hwy & Compton Ave
- Driving Directions: E Imperial Hwy & Compton Ave
- Direction Faces: South
Heating & Cooling
- Cooling Type: Wall Unit(s), Window Unit(s), Wall/Window
- Heating Type: Wall
Structural Information
- # Buildings: 4
- Stories/Levels: 2
- Square Feet: 13,280
- Sq. Ft. Source: Other
- Year Built: 1961
- Year Built Source: Assessor
Unit Information
- Units in Complex: 18
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 3
Additional Structures
- Other Structures: Shed(s), Other, Accessory Bldgs
Lot Features
- Lot Size (Acres): 0.2335
- Lot Size: 32765
- Lot Size Source: Other
- Zoning: LAR1
- Lot Description: 5 + Lots
Financial Considerations
- Price Per Sq. Ft.: $271.08
- Assessment Year: 1961
- Owner Pays: Water
- Tenant Pays: Gas, Electricity
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 6069-028-027
Listed and Sold by Rosano Partners, Sagiv Rosano
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Schools
Schools serving 1635 E Imperial Hwy
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1630 E 111th St, Los Angeles, CA 90059 | K-5 | 0.3 mi | |
1650 E 104th St, Los Angeles, CA 90002 | 6-8 | 0.8 mi | |
2265 E 103rd St, Los Angeles, CA 90002 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1635 E Imperial Hwy
Date
Details
Price
Change
Source
5/31/2023
Sold
$3,400,000
-5.56%
MLS
11/28/2022
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1635 E Imperial Hwy, Los Angeles, CA 90059 (MLS# 22-221091) is a Multi-Family property that was sold at $3,400,000 on May 31, 2023. Want to learn more about 1635 E Imperial Hwy? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.