9 Units Value-Add Huntington Park
9 Unit Apartment Building | $2,387,000 ($265,222/Unit) | Huntington Park, CA 90255
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,387,000
- Property Type
-
Multifamily
- Square Feet
- 7,650 SF
Listing Contacts
Darin Spillman
Verified Profile
- Property Info
Property Overview
We are pleased to offer for sale a 9 unit apartment building in the city of Huntington Park.
The asset consists of three 3 bedroom-1.5 bathroom and six 2 bedroom-1 bathroom units. This offering presents an opportunity for an investor to add value through management and rehabilitation in a high-density, high-demand in-fill rental market. The city of Huntington Park does not have a rent control ordinance and the owner is only bound by AB 1482, which allows for up to 8.8% rent increases annually.
Situated in a very attractive, quiet pocket of Huntington Park, the building has 9 carport spaces, on-site laundry, and is separately metered for gas and electricity.
The city of Huntington Park is centrally located close to the employment centers of Vernon and Downtown Los Angeles. The property enjoys close proximity to Pacific Boulevard, the city’s main retail corridor and boasts a Walk Score of 94
The asset consists of three 3 bedroom-1.5 bathroom and six 2 bedroom-1 bathroom units. This offering presents an opportunity for an investor to add value through management and rehabilitation in a high-density, high-demand in-fill rental market. The city of Huntington Park does not have a rent control ordinance and the owner is only bound by AB 1482, which allows for up to 8.8% rent increases annually.
Situated in a very attractive, quiet pocket of Huntington Park, the building has 9 carport spaces, on-site laundry, and is separately metered for gas and electricity.
The city of Huntington Park is centrally located close to the employment centers of Vernon and Downtown Los Angeles. The property enjoys close proximity to Pacific Boulevard, the city’s main retail corridor and boasts a Walk Score of 94
Property Details
- Class
- C
- Year Built
- 1962
- Stories
- 2
- Lot Size (sq. ft)
- 9,148 SF
- Units
- 9
Highlights
- Value-Add Opportunity: Over 25% Rental Upside
- Superb unit mix of three 3 bed, 1.5 bath and six 2 bed, 1 bath units
- Located in quiet residential neighborhood
- City of Huntington Park has no rent control ordinance
- Situated close to employment centers of Vernon and Downtown L.A.
- High-density, high-demand infill rental submarket
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