Property Description

Marcus & Millichap is pleased to present an opportunity to invest in 5 contiguous parcels totaling 32.764 sf in the Broadway-Manchester neighborhood of South Los Angeles. Comprised of a 12 unit multi-family property, a 4 unit multi-family property and 2 single family residences totaling 13,280 sf in total rentable square footage. 1635 E Imperial is a 12 unit property consisting of (12) one-bed one-bath units. This property provides tenants with gated on-site parking and the gas and electricity are both individually metered. 1637 E Imperial is a 4 unit property consisting of (4) two-bed one-bath units. This property provides tenants with
gated on-site parking and both the gas and electricity are individually metered. 1624 E 115th Street is a three-bed two-bath house and 1628 E 115th Street is a two-bed one-bath house.

Given the fact that the parcels are all adjacent, the current landlord has moved fences and barriers to allow for more multifamily parking. Opportunities for adjacent and contiguous parcels are rare and the subject property provides an astute investor to investigate the possibility of rezoning to the property to allow for higher density multifamily use, while earning immediate cash flow with the opportunity for future upside. Located just outside of a designated Federal Opportunity Zone, this location is poised to benefit from future investment via opportunity funds and investors looking to reduce tax exposure and defer long term capital gains while improving and empowering lower socio-economic communities.

Situated at 1635 E Imperial Hwy, 1637 E Imperial Hwy, 1624 E 115th Street and 1628 E 115th Street, west of Compton Avenue and north of E Imperial Hwy, the properties are conveniently located within walking distance to the Willowbrook/Rosa Parks light rail station and the Imperial/Compton bus station. The properties also a short drive to the 105 and 110 freeways providing easy access throughout Los Angeles.