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 Details
Price:
$3,470,000
MLS #:
PW24176861
Status:
Active
Baths:
0
Address:
7034 Mountain View Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
699notdefined
City:
Huntington Park
Listed Date:
Aug 26, 2024
State:
CA
ZIP:
90255
Lot Size:
18,579 sqft / 0.43 acres (approx)
Year Built:
1954
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Schools
Interior
Exterior
Community Features
Curbs, Gutters, Sidewalks
Garage Spaces
8.00
Lot Features
Lot 10000-19999 Sqft
Parking Features
Assigned
Parking Spots
21.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address7034 Mountain View Avenue Huntington Park CA
- Area699 – Not Defined
- CityHuntington Park
- CountyLos Angeles
- Zip Code90255
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Courtesy of Morgan Skenderian. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.7034 Mountain View Avenue
Huntington Park, CA
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