726 Imperial Highway, Los Angeles
Los Angeles Home For Sale
We are pleased to present 726 W Imperial Hwy, a 6-unit value add apartment community located in the Harbor Gateway neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (5) 2 bed/1Bath units and (1) 3 bed/2 Bath unit. This unique investment opportunity offers significant rental upside potential of approximately 75% with market and over 100% with Section8. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units, and $3,915 for3-bedroom units as of 2/2024. The gated property also sits on 8,341 square feet of land zoned R3-1-CPIO with rear alley access and parking for 7-8 vehicles. The property falls under TOC Tier 3 (up to 21 units) and is ED1 Eligible (unlimited density and streamlined approval process for Affordable Housing).726 W Imperial Hwy is centrally located just off the 105 and110 freeways, providing convenient access to Downtown LA, Hollywood Park/Sofi Stadium, LAX, and South Bay. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average2-bedroom market rents reaching $2,300-$2,600 and Section8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90044
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- MLS® #:
- 24406731
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- Bedrooms:
- 5
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- Bathrooms:
- 3
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- Square Ft:
- 4,165
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- Lot Size:
- 0.19
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- Levels:
- Multi/Split
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- HOA Dues:
- $
Price Change History for 726 Imperial Highway, Los Angeles, (MLS® #24406731)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,400,000) | $1,300,000 | $100,000 (7.14%) |
Based on information from California Regional Multiple Listing Service, Inc. as of August 12th, 2024 at 12:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.