151 West Imperial Highway

Los Angeles, CA 90061

$1,133,888
Price
10
Beds
5
Baths
3,367 Sq. Ft.
$337 / Sq. Ft.
3,367
Sq. Ft.
$337
per Sq. Ft.

Description

Welcome to this incredible investment opportunity located in the heart of Los Angeles. This property features two buildings situated on a spacious 6,508 sqft lot. The front house boasts 2 bedrooms and 1 bathroom, perfect for a small family or a couple looking for a starter home. The back building comprises 4 units featuring 2 bedrooms and 1 bathroom. With 5 rental units, this property offers excellent income potential for any investor. Unit A has a renovated Bathroom. Unit B is completely renovated....Welcome to this incredible investment opportunity located in the heart of Los Angeles. This property features two buildings situated on a spacious 6,508 sqft lot. The front house boasts 2 bedrooms and 1 bathroom, perfect for a small family or a couple looking for a starter home. The back building comprises 4 units featuring 2 bedrooms and 1 bathroom. With 5 rental units, this property offers excellent income potential for any investor. Unit A has a renovated Bathroom. Unit B is completely renovated. Gross rents are $8524.86 a month. Gross Yearly income of $102,298.32

Each unit has been recently painted, giving them a fresh and modern look. The back building is 2 stories, providing ample space for all occupants. There is also plenty of parking available, with space in the middle and next to the back building. Located adjacent to both the 110 and 105 highways, this property is in a prime location for easy transportation and accessibility. Don't miss out on this fantastic opportunity to own a piece of Los Angeles real estate!
  1. Listed by Noe Blanco • DRE #01787137 • Brokerage DRE #01788875 • RE/MAX Alliance Group • 310-508-7155

Property Details for 151 West Imperial Highway

View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3367
Assessor Parcel Number
6074-025-041

Location

Listing Courtesy of RE/MAX Alliance Group, Noe Blanco, DRE #01787137
Add your commute
LISTING UPDATED: 03/18/2024 05:21 AM

Property Details for 151 West Imperial Highway

StatusActive
MLS #IN23077584
Days on Market350
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX Alliance Group, Noe Blanco, DRE #01787137
Add your commute

Building Information for 151 West Imperial Highway

Building/Complex151 W Imperial HwyFloor-Stories2Residences-Pet Policy-Year Built1927Building Size-

Payment Calculator

$7,352 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,188

Property Taxes

$1,164

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 151 West Imperial Highway

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $102,298
  • Gross Scheduled Income: $102,298
  • Gross Operating Income: $10,890
  • Net Operating Income: $91,498
  • Cap Rate: 7.2
Expense Details
  • Operating Expense: $10,890
  • Fuel Expense: $0
  • Licenses Expense: $150
  • Electric Expense: $780
  • Insurance Expense: $1,944
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $8,016
  • Total Expenses: $10,890
Tax / Assessment Info
  • Tax Year: 2022
  • Tax Annual Amount: $13,020
  • Tax Tract Number: 241...
  • Tax Census Tract: 2411.20
  • CFD/Mello-Roos Fee: $1,214
  • Tax Lot: 323
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Entry Location: Street/Front Driveway
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Walkstreet
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Electric: Electricity Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,386
  • Unit Type Total Rent: $1,386
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,485
  • Unit Type Total Rent: $1,485
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,480
  • Unit Type Total Rent: $2,480
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,603
  • Unit Type Total Rent: $1,603
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,572
  • Unit Type Total Rent: $1,572
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 151 West Imperial Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 151 West Imperial Highway

Taxable ValueLand$612,000Additions$418,200Total$1,030,200
Tax Record2023$13,966 ($1,164 / month)
Home Facts
Total Finished SqFt3,367 SqFtAbove Grade Finished SqFt3,367 SqFtLot Size6,508 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningLARD2CountyLOS ANGELESAPN6074-025-041

Schools near 151 West Imperial Highway

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Public - K to 2
Rating
School
Distance
Figueroa Street Elementary School
PublicK to 5

Alliance Jack H. Skirball Middle School
Charter6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

Washington Primary Center School
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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151 West Imperial Highway is a multi-family home for sale in Los Angeles, CA 90061. This property was listed for sale on May 5, 2023 by RE/MAX Alliance Group, it's currently listed at $1,133,888. It has been on the market for a total of 350 days and was last sold on June 8, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Figueroa Street Elementary School, Alliance Jack H. Skirball Middle School and Alain Leroy Locke College Prep Academy. 151 West Imperial Highway is a 10-bed, 5-bath, 3,367 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Alliance Group, Noe Blanco, DRE #01787137

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.