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Listed by Rick Applebaum • Morgan Skenderian
$ 3,470,000
Est. payment /mo
Active
7034 Mountain View Avenue Huntington Park, CA 90255
9,683 SqFt
UPDATED:
08/26/2024 09:02 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,683 sqft
Price per Sqft $358
MLS Listing ID PW-24176861
Year Built 1954
Lot Size 0.427 Acres
Property 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.
Location
State CA
County Los Angeles
Zoning HPR3YY
Interior
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 8.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Lot 10000-19999 Sqft
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944