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Closed
- Listed price
- $745,000
- Listed May 12, 2014
- Sold price
- $700,000
- Sold Sep 30, 2015
11,747 sqft lot|1951 Built|324 days listed
357 E IMPERIAL Highway E, Los Angeles, CA 90061
Property Description
We are pleased to announce a price reduction on this nine unit apartment comples in the City of Los Angeles. The site is located on Imperial Highway between Avalon and San Pedro. The unit mix consists of two - two bedroom apartments and seven - one bedroom units. The structures were built in 1951 and contain 4,742 square feet. The property faces two streets on a large 11,747 square foot lot. There is easy access to the 105 and 110 freeways and it is minutes from LAX, the Forum and Downtown Los Angeles. Some of the rents are low and provide the new owner an opportunity to increase the rents upon vacancy. The GRM is now 8.99 and the CAP rate is 7.3. This deal will provide over a 10% cash flow from day 1, with plenty of room to grow. The property is subject to rent control. Please do not disturb tenants or walk on the property.
Listing agent: Jerome McAlpinDRE #00939725remvp@aol.com, Listing office: McAlpin & Company
MLS data updated 10/19/2026, 5:36:30 AM PT
Source: CRMLSMLS #: 14760307
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$700,000
Sep 30, 2015
Available records32014–2015
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90061 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90061 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.