2724 58Th St, Huntington Park, CA 90255
8 Unit Apartment Building | $1,590,000 ($198,750/Unit) | 4.91% Cap Rate | Huntington Park, CA 90255
For Sale
Active
Asking Price $1,590,000
- Property Type
-
Multifamily
- Square Feet
- 5,654 SF
Listing Contacts
Doug Rodermund
Rick Applebaum
Property Overview
Morgan Skenderian is pleased to present 2724 East 58th Street, Huntington Park, an 8-unit apartment building. Built in 1941 and comprised of 100% 1-bedroom/1-bath floor plans, this offering presents significant rental upside potential, with a favorable $198,750 per unit and $281 per square foot, complemented by garage parking and a desirable 8.6% cap rate on market rents. Situated in a phenomenal rental area, this property represents an attractive prospect for an investor seeking an established income-generating asset.
Property Details
- Class
- C
- Year Built
- 1941
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 8
Highlights
- $198,750 per Unit
- $281 per Square Foot
- Massive Rental Upside From Long-Term Owner
- 8.6% Cap Rate on Market Rents
- Phenomenal Rental Area
- Garage Parking
Nearby Properties
Similar Properties
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