$988,000 Price Analysis   ♡   Huntington Park, CA 90255 5 bed 5 bath 3,834 SqFt ($257/SqFt) 8,780SqFt lot. Built 1950 Listed 2023-11-27, Taxes $10,925 | Ⓧ USDA Ineligible due to price & location near Huntington Park |
This property is situated near the intersection of Broadway/Pacific.
It offers a total of 5 one-bedroom units, a vast studio and an additional room, providing a diverse range of rental options to cater to various tenant needs. The property boasts two separate buildings. The front structure is a single-story building, emphasizing accessibility and convenience, while the rear building stands as a two-story edifice, offering versatility in accommodating diverse tenant preferences. This property benefits from its strategic location within a harmonious mix of smaller ap artment complexes and single-family residences.
This positioning ensures a vibrant and stable rental market. Notably, this property stands out with one of the largest parcels in the area, translating into a notably spacious and comfortable living environment for tenants. To further enhance its appeal, the front units boast an inviting patio area, providing residents with a serene and pleasant outdoor space to enjoy. Furthermore, this property presents significant potential for increased rental income. Strategic investments in fixtures and overall aesthetics provide ample rom for substantial growth in rental revenue, ultimately enhancing its long-term profitability. In summary, this property represents an exceptional investment opportunity, offering a harmonious blend of practicality, growth potential and tenant satisfaction.
Presented by Justin White at
Justin White.
Property MLS #PW23216976 from CRMLS
Lot Size Acres: 0.2015611
Lot Size Source: Public Records
Lot Size Square Feet: 8780
Parking Total: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
County: Los Angeles
Cap Rate: 2.88
Other Expense: 5750.00
Source Property Type: Residential Income
Insurance Expense: 4000.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
New Taxes Expense: 15886.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Professional Management Expense: 3072.00
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $313,305 + $348,117 $661,422 | $10,925 |
| 2021 | $307,162 + $341,292 $648,454 | $10,535 |
| 2020 | $304,013 + $337,793 $641,806 | $10,599 |
| 2019 | $298,052 + $331,170 $629,222 | $10,257 |
| 2018 | $292,208 + $324,677 $616,885 | $10,083 |
| 2017 | $286,479 + $318,311 $604,790 | $9,863 |
| 2016 | $280,862 + $312,070 $592,932 | $9,638 |
| 2015 | $276,644 + $307,383 $584,027 | $9,506 |
| 2014 | $271,225 + $301,362 $572,587 | $9,514 |
| 2013 | $270,000 + $300,000 $570,000 | $9,455 |
| 2012 | $234,870 + $197,775 $432,645 | $7,939 |
| 2010 | $230,265 + $193,898 $424,163 | $7,659 |
| 2009 | $229,088 + $192,907 $421,995 | $7,391 |
| 2009 | $228,545 + $192,449 $420,994 | $7,391 |
| 2008 | $224,597 + $189,125 $413,722 | $7,125 |
| 2007 | $84,519 + $47,321 $131,840 | $3,985 |
$988,000
CRMLS
Sold 1978-04-21
$79,000
Public Record
Year Built: 1950
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 74
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.