NOT LISTED FOR SALE

1906 W Imperial Hwy Los Angeles, CA 90047

Athens Neighborhood
11 Beds
6 Baths
5,334 Sq Ft
5,500 Sq Ft Lot

Last Sold March 12, 2020

Last sale price $1,465,000 $275 Per Sq Ft

15 Days on Market

About This Home

As of March 2020

Once a lifetime opportunity to own a high profile/high cap rate free standing 6-unit apartment building in the uprising sport metropolis of Los Angeles close to the new SoFi stadium and Clippers Arena. This 6-unit apartment complex is situated in a popular location within walking distance to grocery store, restaurants and shops; easy access to I-105 and I-110; adjacent to Los Angeles Southwest College and Crenshaw Imperial Plaza; about 3 miles to the new Clippers Arena (targeted for completion by fall of 2024) and SoFi Stadium (home of the LA Rams and LA Chargers to open in the summer of 2020); a mere 15 minute local drive without traffic to LAX.

It has five sets of 2br/1ba units and one set of 1br/1ba unit. Each unit has one attached carport, plenty of free street parking. It has been well maintained by the owner with great curb appeal. Brand new roof, new windows, new exterior paint. Unit A (2br/1ba) is newly remodeled; Unit B (2br/1ba) was remodeled in 2019. Two other units were remodeled in 2015. Its location and condition makes this property a great investment. Call for details and invest in the right place at the right time.

Last Agent to Sell the Property

Lucy Scott

Visionaire Real Estate License #01328471 Listed on: 01/17/2020

Visionaire Real Estate

Co-Listed By

Josh Zhou

Re/Max Luxury Properties License #02089182

Last Buyer's Agent

Lucy Scott

Visionaire Real Estate License #01328471 Listed on: 01/17/2020

Visionaire Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,500 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 5,334 Sq Ft Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 13662
  • Assessor Parcel Number 4057017002

Community Details

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $605
  • Gardener Expense $500
  • Insurance Expense $2,221
  • Pest Control $600
  • Professional Management Expense $7,600
  • Supplies Expense $1,153
  • Water Sewer Expense $4,276
  • New Taxes Expense $13,161
  • Operating Expense $40,406
  • Gross Income $93,268
  • Net Operating Income $68,654

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Professional Management Expense: 7600.00
  • Property Attached: No
  • Supplies Expense: 1153.00
  • Water Sewer Expenses: 4276.00
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 4057017002
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 274.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Common Area
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5500.00
  • Lot Size Acres: 0.1263

Multi Family

  • Electric Expense: 605.00
  • Gross Income: 93268.00
  • Gross Scheduled Income: 109060.00
  • Insurance Expense: 2221.00
  • Laundry Income: 1200.00
  • Lot Size Area: 5500.0000 Square Feet
  • Net Operating Income: 68654.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 40406.00
  • Rent Control: Yes
  • Total Actual Rent: 7155.00
  • Total Expenses: 40406.00

Tax Info

  • New Taxes Expense: 13161.00
  • Tax Census Tract: 6027.00
  • Tax Lot: 2
  • Tax Tract Number: 13662

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2020 03/12/20 Sold $1,465,000 -1.0% $275 / Sq Ft
02/01/2020 02/01/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $1,480,000 +77.2% $277 / Sq Ft
08/17/2015 08/17/15 Sold $835,000 +4.5% $157 / Sq Ft
07/06/2015 07/06/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $799,000 -- $150 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lucy Scott

    Visionaire Real Estate

    (949) 877-9000

    12 Total Sales

    Lucy Scott
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Josh Zhou

    RE/MAX

  • Brett Lyon

    Seller's Agent in 2015

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    148 Total Sales

    Brett Lyon
    Section Image
  • Woody Stahl

    Seller Co-Listing Agent in 2015

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    154 Total Sales

    Woody Stahl
    Section Image

  • M

    Buyer's Agent in 2015

    Mau Nguyen

    FirstStar Experts Realty & Mtg

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20011123

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90047 Athens

1906 W Imperial Hwy, Los Angeles, CA

This home is located at 1906 W Imperial Hwy, Los Angeles, CA 90047 since 17 January 2020. This property was built in 1958. 1906 W Imperial Hwy is a home located in Los Angeles County with nearby schools including Cimarron Avenue Elementary School, George Washington Preparatory High School, and Animo South Los Angeles Charter School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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