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ZIP CODE 90059

$4,675,000
24-398589 MLS
This is an affordable housing development opportunity at 1422 E Imperial Hwy, located just off of the 105 Freeway between S Central Ave & Compton Ave. The 23,435 SF lot will be delivered fully entitled for120 income-restricted housing units and 1 manager unit, with no parking required. The project's central infill location and proximity to major employment hubs suchas Rancho Dominguez, Compton, South Gate, and South Los Angeles support multiple lease-up strategies including filling units through PATH, LAHSA orSection 8. Plans call for an efficient four-story project, utilizing Type V-A construction fora stacked design reducing construction costs for the developer. The lot will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects. The finished project totals 67,112 SF and has a desirable unit mix of eight singles (290SF), 108 one-bedrooms (430-460 SF), and five two-bedroom (505-615 SF). The project is offered at a low $38,958 price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the project opens avenues of mission driven financing throughCDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles, just south of NickersonGardens and less than a mile from the Martin Luther King Jr Community Hospital.The access to the 105 Freeway allows for a convenient commute throughout LosAngeles, the South Bay, and throughout the Mid-Counties.

1422 E Imperial Hwy, Los Angeles

Courtesy of Marcus & Millichap, Neema Ahadian - CA DRE#01346750

$4,675,000
24398589 MLS
This is an affordable housing development opportunity at 1422 E Imperial Hwy, located just off of the 105 Freeway between S Central Ave & Compton Ave. The 23,435 SF lot will be delivered fully entitled for120 income-restricted housing units and 1 manager unit, with no parking required. The project's central infill location and proximity to major employment hubs suchas Rancho Dominguez, Compton, South Gate, and South Los Angeles support multiple lease-up strategies including filling units through PATH, LAHSA orSection 8. Plans call for an efficient four-story project, utilizing Type V-A construction fora stacked design reducing construction costs for the developer. The lot will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects. The finished project totals 67,112 SF and has a desirable unit mix of eight singles (290SF), 108 one-bedrooms (430-460 SF), and five two-bedroom (505-615 SF). The project is offered at a low $38,958 price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the project opens avenues of mission driven financing throughCDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles, just south of NickersonGardens and less than a mile from the Martin Luther King Jr Community Hospital.The access to the 105 Freeway allows for a convenient commute throughout LosAngeles, the South Bay, and throughout the Mid-Counties.

1422 E Imperial Highway, Los Angeles

Listing courtesy of Listing Agent: Neema Ahadian (neema@marcusmillichap.com) from Listing Office: Marcus & Millichap.

$400,000
2 Beds 1 Baths 24-379065 MLS
Don't miss out on this remarkable opportunity! Three single houses on individual lots, recently subdivided, are now available for sale, offering a multitude of possibilities for both investors and homeowners. Whether you're interested in acquiring one house or all three, the potential for rental income or creating a family compound is truly captivating. The property at 2340 E 119th Street has the largest lot size and features a 2-bedroom, 1-bathroom house. Recent upgrades, including wood looking tile flooring, a new sewer, main water line and driveway, ensure peace of mind and enhance the value of the property. With current tenants already in place, generating an annual rent of $19,200, this property offers significant income-raising potential. The rent can be increased now, since it was not increased in February when the Covid restrictions were lifted. Whether you're considering renovation, expansion, adding an ADU, or exploring different usage options, this property serves as the perfect canvas for realizing your vision. Strategically situated in close proximity to MLK Hospital, the 105 and 110 freeways, King/Drew Magnet High School of Medicine and Science, Charles R. Drew University, and Mona Park, this property boasts a prime location with easy access to essential amenities and services. Furthermore, its strategic position in the thriving LA real estate market promises ample opportunities for growth and appreciation. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.

2340 119th St, Los Angeles

Courtesy of Christie's AKG, Anna Kadinowa - CA DRE#01908285

$700,000
5 Beds 2 Baths 24-379045 MLS
This is an exceptional opportunity not to be missed! Three single houses, recently subdivided onto individual lots, are now available for purchase, offering investors and homeowners alike a myriad of possibilities. Whether you're interested in acquiring one house or all three, the potential for rental income or creating a family compound is truly enticing. The largest house, located at 2332 E 119th Street, features 5 bedrooms, 2 bathrooms, a gated front yard, a new two-car carport, and a new shared driveway. With high ceilings, a separate kitchen, laundry room, spacious covered front porch, back porch, and patio area, this house offers a unique layout, including two separate entries to two out of the five bedrooms. Currently occupied by tenants generating an annual rent of $25,920, this property presents significant income-raising potential, as there are no rent increase restrictions in the unincorporated Los Angeles County Area. Whether you're considering renovation, expansion, adding an ADU, or exploring different usage options, this property provides the ideal canvas for realizing your vision. Located in close proximity to MLK Hospital, the 105 and 110 freeways, King/Drew Magnet High School of Medicine and Science, Charles R. Drew University, and Mona Park, this property boasts a prime location with easy access to essential amenities and services. Furthermore, its strategic position in the thriving LA real estate market promises ample opportunities for growth and appreciation. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.

2332 119th, Los Angeles

Courtesy of Christie's AKG, Anna Kadinowa - CA DRE#01908285

$400,000
2 Beds 1 Baths 24-377747 MLS
Don't miss out on this remarkable opportunity! Three single houses on individual lots, recently subdivided, are now available for sale, offering a multitude of possibilities for both investors and homeowners. Whether you're interested in acquiring one house or all three, the potential for rental income or creating a family compound is truly captivating. The property at 2336 E 119th Street features a 2-bedroom, 1-bathroom house. It's gated front yard, adorned with lush trees, adds charm and privacy, creating a tranquil oasis for residents to enjoy. Recent upgrades, including a new sewer, main water line, roof, and driveway, ensure peace of mind and enhance the value of the property. With current tenants already in place, generating a annual rent of $19,200, this property offers significant income-raising potential, as there are no rent increase restrictions in the unincorporated Los Angeles County Area. Whether you're considering renovation, expansion, adding an ADU, or exploring different usage options, this property serves as the perfect canvas for realizing your vision. Strategically situated in close proximity to MLK Hospital, the 105 and 110 freeways, King/Drew Magnet High School of Medicine and Science, Charles R. Drew University, and Mona Park, this property boasts a prime location with easy access to essential amenities and services. Furthermore, its strategic position in the thriving LA real estate market promises ample opportunities for growth and appreciation. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.

2336 119th St, Los Angeles

Courtesy of Christie's AKG, Anna Kadinowa - CA DRE#01908285

$699,000
4 Beds 2 Baths 24-377241 MLS
Presenting an extraordinary opportunity with immense potential, this large lot boasts R3 zoning and ample space for development. Whether you choose to demolish the existing building and garage to construct multiple units in this R3 zoning or opt to retain the duplex, continue to collect rent and add additional units at the back, the possibilities for expansion and investment are boundless. The existing side-by-side duplex boasts well-appointed two-bedroom, one-bathroom layouts in each unit. One unit, recently renovated, features wood-like vinyl flooring, a modern kitchen with quartz countertops, and in-unit laundry. The remodeled unit will be delivered vacant and move in ready, so the new owner can live there or rent it out for market value. Meanwhile, the other well-maintained unit is occupied by a Section 8 tenant, ensuring immediate income stability. Complementing the residences, a detached two-car garage adds convenience, while the large backyard offers serene privacy amidst lush greenery. Ample parking on the driveway accommodates at least three vehicles, catering to both residents and guests. Recent upgrades, such as the installation of a new main sewer line laid the groundwork for future development. Strategically situated near major thoroughfares including the 105 and 110 freeways, as well as key amenities like the Martin Luther King Community Hospital, King Drew Magnet High School, Charles Drew University, Magic Johnson Park and Shopping Center, this property provides unparalleled access to a plethora of services and attractions. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS. ALL OFFERS DUE ON 5/8/24 AT 5 PM.

1213 E 119th St, Los Angeles

Courtesy of Christie's AKG, Anna Kadinowa - CA DRE#01908285

$400,000
2 Beds 1 Baths 24379065 MLS
Don't miss out on this remarkable opportunity! Three single houses on individual lots, recently subdivided, are now available for sale, offering a multitude of possibilities for both investors and homeowners. Whether you're interested in acquiring one house or all three, the potential for rental income or creating a family compound is truly captivating. The property at 2340 E 119th Street has the largest lot size and features a 2-bedroom, 1-bathroom house. Recent upgrades, including wood looking tile flooring, a new sewer, main water line and driveway, ensure peace of mind and enhance the value of the property. With current tenants already in place, generating an annual rent of $19,200, this property offers significant income-raising potential. The rent can be increased now, since it was not increased in February when the Covid restrictions were lifted. Whether you're considering renovation, expansion, adding an ADU, or exploring different usage options, this property serves as the perfect canvas for realizing your vision. Strategically situated in close proximity to MLK Hospital, the 105 and 110 freeways, King/Drew Magnet High School of Medicine and Science, Charles R. Drew University, and Mona Park, this property boasts a prime location with easy access to essential amenities and services. Furthermore, its strategic position in the thriving LA real estate market promises ample opportunities for growth and appreciation. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.

2340 119th Street, Los Angeles

Listing courtesy of Listing Agent: Anna Kadinowa (kadinowa@gmail.com) from Listing Office: Christie's AKG.

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Based on information from CRISNet MLS as of 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.