732 W Imperial Hwy - Apartments FOR SALE


Los Angeles, CA 90044
$1,970,000 USD
310-779-9929
732 W Imperial Hwy, Los Angeles, CA for Sale
$1,970,000 USD
Apartments - FOR SALE
1/17
null | 8.02% Cap Rate

732 W Imperial Hwy
Los Angeles, CA 90044


HIGHLIGHTS

  • 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

OVERVIEW

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 • • 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

FOR SALE DETAILS

PRICE

$1,970,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

10

PRICE/UNIT

$197,000

CAP RATE

8.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LAR3

APN/PARCEL ID

6088-002-005

ASK ABOUT THIS PROPERTY

John SwartzCompass CommercialMore Info
310-779-9929

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John SwartzCompass CommercialMore Info
310-779-9929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.