Description
Pleased to present a 17-unit apartment complex located at 7034-7100 mountain view avenue huntington park. this ±9,683 sf property, constructed in 1954, features 17 units offering an excellent mix of studios, 1 & 2-bedroom apartments. situated on (2) lots, inclusive of garage and open parking, the property boasts a $204,118 average price per unit and offers significant rental upside potential following long-term ownership. achieving an impressive 8.5% cap rate on market rents in this phenomenal rental area, this asset provides a compelling opportunity for savvy investors seeking a value-add property with strong income-generating potential.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
46748946
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1954
- Building Area Total: 9,683
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.4265
- Lot Size Source: Assessor
- Lot Size Square Feet: 18579
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Listing Information
Listing Price Information
- Original List Price: 3,470,000
- Listing Contract Date: 2024-08-26
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 6322035014
- Annual Tax: 53420
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Directions: North of Florence Ave and East of Miles Ave.
- Zoning: HPR3YY
- Source Property Type: Residential Income
- Area: 699 - Not Defined
- Property SubType: Mixed Use
Building and Construction
- Property Age: 70
- Common Walls: 2+ Common Walls
- Structure Type: Mixed Use
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 11/23/2024 @ 21:32
- MLS: PW24176861
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 9,683 sqft, 18,579 sized lot, and 8 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Huntington Park , in zip code 90255, this Los Angeles County Home are nearby neighborhoods.