7034-7100 Mountain View Ave, Huntington Park, CA 90255
17 Unit Apartment Building | $3,470,000 ($204,118/Unit) | 4.58% Cap Rate | Huntington Park, CA 90255
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,470,000
- Property Type
-
Multifamily
- Square Feet
- 4,669 SF
Listing Contacts
Doug Rodermund
Verified Profile
Rick Applebaum
Verified Profile
- Property Info
Property Overview
Morgan Skenderian is pleased to present a 17-unit apartment complex located at 7034-7100 Mountain View Avenue Huntington Park. This ±9,683 SF property, constructed in 1954, features 17 units offering an excellent mix of studios, 1 & 2-bedroom apartments. Situated on (2) lots, inclusive of garage and open parking, the property boasts a $204,118 average price per unit and offers significant rental upside potential following long-term ownership. Achieving an impressive 8.5% Cap Rate on market rents in this phenomenal rental area, this asset provides a compelling opportunity for savvy investors seeking a value-add property with strong income-generating potential.
Property Details
- Class
- C
- Year Built
- 1954
- Stories
- 2
- Lot Size (sq. ft)
- 18,731 SF
- Units
- 17
Highlights
- Excellent Mix of Studio, 1 & 2-Bedroom Units
- $204,118 per Unit
- Large Lot with Garage & Open Parking. Two Separate Parcels
- Massive Rental Upside From Long-Term Owner
- 8.5% Cap Rate on Market Rents
- Phenomenal Rental Area
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