$1,880,000
$1,950,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
14 Beds
7 Baths
6,912 SqFt
SOLD DATE : 04/30/2024
Key Details
Sold Price $1,880,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,912 sqft
Price per Sqft $271
MLS Listing ID 24362771
Sold Date 04/30/24
Bedrooms 14
HOA Y/N No
Year Built 1963
Lot Size 7,169 Sqft
Property Description
7-unit apartment building located in a quiet residential neighborhood of Huntington Park, CA. Seller may consider carrying financing for a qualified buyer. Terms and rate to be determined. Consisting entirely of spacious 2-bedroom 1 bath (& 1.5 bath) units averaging 987 square feet each, this well-maintained property presents a clear value-add opportunity, with at least 20% rental upside and without the constraints of city rent control. The property is only subject to AB1482 (allowing for 8.8% rent increases annually). The building is separately metered for gas, electricity, and hot water. There are 8 garage parking spaces, providing 1 space per unit and two for the "master" unit. The master unit and unit A are both 2-story townhouses. Some of the building's renovations include a new roof in 2019, new 100 gallon water heater (and circulating pump) in 2019, and plumbing re-piping in 1999. Located about a half mile from Pacific Boulevard, the city's primary shopping mecca, 6363 Cedar Street offers a variety of retail, dining, and schools within minutes.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Zoning HPR3YY
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 8.0
Garage Description 8.0
Attached Garage Yes
Total Parking Spaces 8
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6319007019
Special Listing Condition Standard
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Bought with Darin Spillman • Kidder Mathews of California, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "