$3,425,000 Price Analysis   ♡   Huntington Park, CA 90255 13 bed 15 bath 8,730 SqFt ($392/SqFt) 0.34 acre lot. Built 1929 Listed 2023-08-03 | Ⓧ USDA Ineligible due to price & location near Huntington Park |
Introducing the opportunity to acquire this 15-unit investment property in prime Huntington Park.
The subject property is comprised of two separate parcels with a combined unit mix Fourteen 1 bedroom + 1 bath units and One commercial/retail storefront. The units are spread out among the two parcels wi th frontage on Arbutus Avenue and Gage Avenue for an aggregate lot size of almost 15, 000 SF! Onsite garages are available for residential units and offer investors an opportunity to boost income by adding multiple ADUs per parcel (buyers to verify).
The Arbutus Apartments offer plenty of upside potential in rental income to an investor looking for an immediate high dollr return with room to grow. Separately metered for gas and electricity. Tenants enjoy a close proximity to dining and shopping along Pacific Blvd and several area schools are a short distance away. The site is strategically located minutes to Downtown Los Angeles, Arts District and easy access to the 710, 10, 5, 101 and 60 Freeways.
Presented by Enrique Viramontes at
RE MAX Commercial & Investment Realty.
Property MLS #23-297359 from TheMLSCLAW
Full Bathrooms: 15
Lot Size Source: Assessor
Lot Size Square Feet: 14891
Parking Total: 14
Calculated Total Monthly Association Fees: 0
Number of Units: 15
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 23400, 2 BathsTotal: 1, 2 SquareFeet: 1495, 3 BathsTotal: 1, 3 SquareFeet: 1500
County: Los Angeles
Cap Rate: 5.11
Directions: Located on the corner of Arbutus Ave and Gage Ave
Source Property Type: Residential Income
Area: Vernon, Maywood, Hunt Pk & Bell, N of Florence, W
Source Neighborhood: Vernon, Maywood, Hunt Pk & Bell, N of Florence, W of 710
Parcel Number: 6319-007-024
Postal Code Plus 4: 4463
Zoning: HPCN
Source System Name: C2C
$3,425,000
TheMLSCLAW
Year Built: 1929
Levels: Two Level
Living Area Source: Assessor
Property Age: 95
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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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.