True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present 732 W Imperial Hwy:—a heavy cashflow multifamily offering located in the high-demand Athens neighborhood of South Los Angeles.
Constructed in 1958 with a brand new roof and newly painted, this two-story building spans 6,336 square feet of rentable space and sits on a 8,845 square-foot lot zoned R3-1-CPIO. The property has also recently cleared full building code enforcement in March 2024, further underscoring its well-maintained condition.
The unit mix consists of six spacious one-bedroom, one-bath units and four large two-bedroom, one-bath units. Each unit is separately metered for gas and electricity and includes its own water heater, minimizing landlord expenses, which are limited to water, common-area electricity, and trash. The building features a parking lot behind the building with 10 spaces.
Strategically positioned near the 10 and 110 Freeways and within proximity to the Crenshaw/LAX rail lines, the property offers exceptional accessibility to Downtown LA, Culver City, Santa Monica, and the South Bay. With strong in-place income, operational efficiency, and meaningful rental upside, 732 W Imperial represents an ideal acquisition for investors seeking stable returns in one of South LA’s most active submarkets.
Property Highlights
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• Excellent in-place cap rate of 8.02%.
• Excellent in-place GRM of 8.49
• Passed full building code enforcement in March 2024
• Brand New Roof 2025
• 21.9% rental upside
• All Copper Electrical done in 2021
• All Copper Plumbing done in 2018/2019
• Well maintained building
• Individually metered for gas and electric
• Opportunity to implement RUBS program