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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 1,375,000
Est. payment | /mo
4,214 SqFt
$ 1,375,000
Est. payment | /mo
4,214 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 4,214 sqft
Price per Sqft $326
MLS Listing ID CV-25223898
Year Built 1948
Lot Size 6,500 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Just Listed! Exceptional value-add opportunity in Huntington Park, 7 units spread across three separate structures on a 6,500 sq. ft. lot, totaling 4,214 rentable sq. ft. The property features a desirable unit mix: a 3-Bed/1-Bath detached cottage, four 1-Bed/1-Bath units in a 4-plex, and two 1-Bed/1-Bath units in a duplex. Tenants benefit from private gated entry, garage parking, and an onsite laundry facility, enhancing long-term rental demand. Recent capital improvements include new electrical panels (2025), and with separately metered electricity and gas, operating expenses remain low. Currently generating a 5.67% CAP Rate and 11.58 GRM, this asset also boasts a 35% rental upside for investors looking to increase returns through strategic management. Priced to sell, this is a must-see investment in one of Southeast Los Angeles County's most stable rental markets.
Location
State CA
County Los Angeles
Area Vernon, Maywood, Hp, Be
Zoning HPM2*
Interior
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Garage - Single Door, Assigned
Garage Spaces 4.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114