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$ 3,470,000
Est. payment | /mo
9,683 SqFt
$ 3,470,000
Est. payment | /mo
9,683 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,683 sqft
Price per Sqft $358
MLS Listing ID CRPW24176861
HOA Y/N No
Year Built 1954
Lot Size 0.427 Acres
Acres 0.43
Property Sub-Type Other
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 HPR3
Interior
Fireplace No
Laundry Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 6322035014
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Listed by Rick Applebaum • Morgan Skenderian
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Patrick Nagel
REALTOR® | Lic# 1760790