6333 State Street

    Huntington Park, CA 90255
    • $1,475,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 18352220
    UPDATED: 23 min ago
    $1,475,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,950
      SQFT
    • $373
      $/SQFT

    School Ratings & Info

    Description

    We are pleased to announce the sale of 6333-6335 Street, a seven-unit non-rent controlled multifamily property in Huntington Park, CA, a dense rental market in Southeast Los Angeles. This offering presents a rare opportunity to purchase a non-rent controlled property with rents that are still far below market levels. Due in part to recent rent growth in the Huntington Park area, where rents have increased by 7.0% year-over-year, the current rents sit approximately 23% below those of similar units in the area.The three buildings on the parcel feature several capital improvements, including new dual-paned windows, partial copper plumbing, and a partially upgraded electrical system. There are six individual parking garages, plus room for an additional five vehicles to park in open tandem spaces outside of most garages.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T07:28:29.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84345998

    6333 State Street Huntington Park, CA 90255

    • Price: $1,475,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 18352220
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,950
    SQFT
    $373
    $/SQFT
    1930
    Built
    Neighborhood:
    T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
    County:
    Los Angeles
    Area:
    T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
    Property Description
    We are pleased to announce the sale of 6333-6335 Street, a seven-unit non-rent controlled multifamily property in Huntington Park, CA, a dense rental market in Southeast Los Angeles. This offering presents a rare opportunity to purchase a non-rent controlled property with rents that are still far below market levels. Due in part to recent rent growth in the Huntington Park area, where rents have increased by 7.0% year-over-year, the current rents sit approximately 23% below those of similar units in the area.The three buildings on the parcel feature several capital improvements, including new dual-paned windows, partial copper plumbing, and a partially upgraded electrical system. There are six individual parking garages, plus room for an additional five vehicles to park in open tandem spaces outside of most garages.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features UncoveredGarage Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.02 Gross Multiplier 17.39 Gross Operating Income 84840.00 Improvements Amount 292050 Land Value 526538 Laundry YN Yes Net Operating Income 44487.00 Special Listing Conditions Standard Total Expenses 37808.00 Zoning Hpr3yy

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T07:28:29.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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