$3,434,000
$3,680,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
19 Baths
10,881 SqFt
SOLD DATE : 09/15/2022
Key Details
Sold Price $3,434,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,881 sqft
Price per Sqft $315
MLS Listing ID 22162945
Sold Date 09/15/22
Bedrooms 11
HOA Y/N No
Year Built 1964
Lot Size 0.348 Acres
Property Description
This offering presents a rare opportunity to purchase a property of this size in a Los Angeles-area submarket that is not subject to local rent control. Due in part to recent rent growth in the Huntington Park area, the current rents sit approximately 24 percent below those of similar units in the area.Insulated from crowded traffic corridors, the building sits among single family homes and smaller multifamily properties, yet its location still allows tenants convenient access to the Pacific Boulevard Shopping District. The ample on-site covered parking allows space for 20 vehicles, while an on-site laundry room provides an additional income stream for the owner. Several of the roofs are pitched and the building's exterior has been recently painted, providing more durability and reducing maintenance costs.Huntington Park High School, Gage Middle School, and San Antonio Elementary School are all within walking distance of the property, while The Home Depot, Staples, Walgreens, and other national retailers are all within a few blocks. Mass transit bus lines make stops within less than a block of the property, while tenants can also access the 710 and 110 Freeways easily.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Zoning HPR3*
Interior
Fireplace No
Exterior
Garage Garage, Gated
Parking Type Garage, Gated
Total Parking Spaces 20
Building
Story 3
New Construction No
Others
Senior Community No
Tax ID 6319004017
Special Listing Condition Standard
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Bought with Roderick 'Rick' Raymundo • Marcus & Millichap