NEW PRICING. We are pleased to offer for sale a 9 unit apartment building in the city of Huntington Park. The asset consists of three 3 bedroom-1.5 bathroom and six 2 bedroom-1 bathroom units. This offering presents an opportunity for an investor to add value through management and rehabilitation in a high-density, high-demand in-fill rental market. The city of Huntington Park does not have a rent control ordinance and the owner is only bound by AB 1482, which allows for up to 8.8% rent increases annually. Situated in a very attractive, quiet pocket of Huntington Park, the building has 9 carport spaces, on-site laundry, and is separately metered for gas and electricity. The city of Huntington Park is centrally located close to the employment centers of Vernon and Downtown Los Angeles. The property enjoys close proximity to Pacific Boulevard, the city’s main retail corridor.
Property Details
Price:
$2,300,000
MLS #:
24380259
Status:
Active
Baths:
0
Address:
2938 E 60th Place
Type:
Residential Income
Neighborhood:
t1vernonmaywoodhuntpkbellnofflorenc
City:
Huntington Park
Listed Date:
Apr 14, 2024
State:
CA
ZIP:
90255
Lot Size:
9,002 sqft / 0.21 acres (approx)
Year Built:
1962
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Detached Carport, Attached Carport
Parking Spots
9.00
Stories Total
2
Financial
Map
Community
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2938 E 60th Place
Huntington Park, CA
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