Seller's Agent in 2021
Raymond A. Rodriguez IV
Equity Union
(818) 581-5829
1 in this area
40 Total Sales
2075 E Imperial Hwy Los Angeles, CA 90059
Watts Neighborhood
7
Beds
5
Baths
6,099
Sq Ft
0.43
Acres
Highlights
- 0.43 Acre Lot
- Cooling Available
- Garage
- Hiking Trails
- Laundry Room
About This Home
As of November 2021We are proud to offer for sale – for the first time in 19 years, Imperial Homes & Apartments. This unique investment opportunity is located at 2075 E Imperial Highway.
Imperial Homes & Apartments is a multifamily community totaling 6 garden-style units comprised of 3 separate structures including 2 detached homes & a 4-unit apartment building. The homes were built in 1922 & 1929 and the fourplex was built in 1949. The fourplex is 2 stories and offers four spacious one-bedroom/one-bath units and a laundry room at the rear of the structure. The front house is a large single story three-bedroom/ 1.5 bath with attached garage. The rear home is a spacious single story three-bedroom/two-bath currently vacant and in need of significant rehab. The structures are wood frame with painted stucco exterior. Roofing for both homes is pitched and flat for the fourplex.
The total building square feet is +/- 6,099 on a large +/- 18,686 square foot lot zoned LARD2. The lot is in an Opportunity Zone and designated Transit Oriented Communities (TOC) Tier 3!
The exterior apartment building and front house were painted along with the windows being upgraded. Four of the 6 units have been renovated to different degrees. There was electrical and roof work done throughout the apartment building and front home. Common area amenities include laundry room, plenty of on-site parking and massive backyard.
2075 E Imperial Hwy is located in Watts, Los Angeles, CA south of Santa Ana Blvd., north of the 105 and east of Willowbrook Ave. Nearby destinations include California Science Centers, coffee shops, grocery stores, parks & recreation center. The closest grocery story is Pink Store Market and nearby coffee shops include Watts Coffee House, Donut Town & Water, Café Oaxaca, Dulce Vida, & Starbucks.
Low vacancy rates in Watts coupled with continued low interest rates have led to multifamily investment properties becoming a highly attractive asset class. With many units at below market rents amidst a thriving rental market, 2075 E Imperial Hwy offers astute investors significant rental upside potential of roughly 21.9%.
Last Agent to Sell the Property
Equity Union License #01402283 Listed on: 09/15/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 0.43 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 6,099 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Parking
- Garage
- Parking Available
Additional Features
- Exterior Lighting
- Cooling Available
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 3053
- Assessor Parcel Number 6067013008
Community Details
Overview
- 3 Buildings
- 6 Units
Recreation
- Hiking Trails
- Bike Trail
Building Details
- Rent Control
- 6 Separate Gas Meters
- Insurance Expense $3,050
- Trash Expense $1,500
- New Taxes Expense $14,813
- Operating Expense $36,499
- Gross Income $98,498
- Net Operating Income $61,998
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2021 11/30/21 | Sold | $1,150,000 | -3.0% | $189 / Sq Ft |
| 09/28/2021 09/28/21 | Pending | -- | -- | -- |
| 09/15/2021 09/15/21 | For Sale | $1,185,000 | -- | $194 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Raymond A. Rodriguez IV
-
Carlos Estrada
Buyer's Agent in 2021
Carlos Estrada
Liberty Investment Group
(562) 477-8983
2 in this area
53 Total Sales
-
Mike Iryami
M
Buyer Co-Listing Agent in 2021
Mike Iryami
BRC Advisors- BH
(310) 753-8153
3 in this area
53 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR21203807
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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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