We are pleased to present 6512 Templeton Street - a six (6) unit multifamily investment opportunity located within a fantastic rental pocket in Huntington Park, CA and built in 1939. The two-story property consists of five (5) One Bedroom / One Bath units and one (1) Studio unit that are 100% occupied. The property is not subject to Los Angeles city rent control; however,it is subject to California Assembly Bill 1482(Buyer to Verify). The building has been well-maintained and was just outfitted with brand new windows and the entire exterior of the property was just painted. The property is also close to the Commercial Commuter Rail as well as the Union Station Commuter Rail and is just west of the Huntington Park Police Department, Huntington Park City Hall, and Gage Middle School. Situated on a 5,925 SF lot with 3,358 SF of building space, the secured entry building offers a courtyard style feel of living. The offering is priced at 13.72 GRM and a 4.66% CAP with strong rental upside. 6512 Templeton Street is separately metered for gas and electricity and will surely benefit the investor with stable returns, providing a strong future CAP rate and extremely low annual expenses. With historically high rental demand in the Huntington Park Multi-Family market an investor can benefit from receiving strong rental income from a well-maintained property.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
