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553 W Imperial Hwy

Los Angeles, CA 90044
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 131 Days
  • MLS #: 24-439646
Under Contract
UPDATED: 108 min ago
$750,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,352
    SQFT
  • $319
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Description

This property is a well-maintained multi-unit, featuring two spacious 4-unit buildings, each consisting of 1-bedroom, 1-bathroom apartments. With eight total units, this income-generating property is in excellent condition, boasting clean interiors, quality appliances, and energy-efficient features. Each unit offers an open-concept living area with ample natural light, a fully equipped kitchen, and a comfortable bedroom with plenty of closet space. The property includes well-kept common areas, on-site parking, and landscaped surroundings. Ideal for investors looking for a turnkey property with low maintenance and strong rental potential. Please note that 553 & 557 W Imperial HWY are being sold together.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-01-23T23:43:15.347. 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.
www.searchdesertrealestate.com/homes/155196348
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553 W Imperial Hwy Los Angeles, CA 90044

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 131 Days
  • Updated: 108 min ago
  • MLS #: 24-439646
4
Beds
4
Baths
0
½ Baths
0.13
Acres
2,352
SQFT
$319
$/SQFT
1953
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
This property is a well-maintained multi-unit, featuring two spacious 4-unit buildings, each consisting of 1-bedroom, 1-bathroom apartments. With eight total units, this income-generating property is in excellent condition, boasting clean interiors, quality appliances, and energy-efficient features. Each unit offers an open-concept living area with ample natural light, a fully equipped kitchen, and a comfortable bedroom with plenty of closet space. The property includes well-kept common areas, on-site parking, and landscaped surroundings. Ideal for investors looking for a turnkey property with low maintenance and strong rental potential. Please note that 553 & 557 W Imperial HWY are being sold together.
Exterior Features

Levels One Lot Size Area 5460 Other Structures None Parking Garage Gated Style Traditional Total Parking 8

Interior Features

Cooling None Equipment None Heating Wall Laundry Community

Property Features

Assessed Total Value 54602 Disclosures As Is Gross Income 4106 Gross Operating Income 49272 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 32791.50 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 16480.50 Type Of Units 1bed 1bath Water Heaters YN Yes Year Built Source Assessor Zoning LAR3

Listing provided courtesy of Peter Divito DRE#01940016 of The Agency: 626-803-2000.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-01-23T23:43:15.347. 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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