On behalf of ownership as the exclusive listing agent, Lucrum Real Estate Group of KW Commercial is 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%.
Once you schedule a call, you’ll have taken the first step to getting the representation you deserve.
