Priced to Sell! Exceptional opportunity to acquire a 14-unit apartment community in the city of Huntington Park, offered at $2,925,000. This well-located asset delivers a strong 5.64% CAP Rate and 11 GRM, providing attractive day-one cash flow with significant long-term upside potential.
The property features an excellent unit mix consisting of four 2-Bed/1-Bath units and ten 1-Bed/1-Bath units, appealing to a broad tenant base and supporting consistent occupancy. Offering approximately 9,160 rentable square feet on a 13,887 sq. ft. lot, the property is positioned on a prime corner location within walking distance to shopping, dining, and schools.
Tenants enjoy highly desirable amenities including 19 onsite garage parking spaces, private gated entry, and an onsite laundry facility, features that continue to support tenant retention and rental performance. Investors will also appreciate the property’s excellent price per unit and the opportunity to capture a massive 30% upside in rental income, creating a path to increased cash-flow over time.
53 days
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64
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Zillow last checked:
Listing updated:
Listed by:
Kristopher GermanDRE #01800021909-645-0443,
RE/MAX 2000 REALTY
Source: CRMLS,MLS#: CV26114763Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 18
Bathrooms: 14
Cooling
Wall/Window Unit(s)
Appliances
Laundry: Common Area
Features
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 9,160
Total interior livable area: 9,160 sqft
Property
Parking
Total spaces: 19
Parking features: Carport, Door-Single, Garage
Garage spaces: 19
Has carport: Yes
Features
Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Spa features: None
Fencing: None
Has view: Yes
View description: None
Lot
Size: 0.32 Acres
Features: 0-1 Unit/Acre
Details
Parcel number: 6320009028
Zoning: HPCN-R3*
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes
Materials
Roof: Shingle
Condition
New construction: No
Year built: 1965
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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