2724 E 58th St - Apartments FOR SALE


Huntington Park, CA 90255
$1,590,000 USD
949-295-8560
2724 E 58th St, Huntington Park, CA for Sale
$1,590,000 USD
Apartments - FOR SALE
1/13
null | 4.91% Cap Rate

2724 E 58th St
Huntington Park, CA 90255


HIGHLIGHTS

  • $198,750 per Unit
  • $281 per Square Foot
  • Massive Rental Upside From Long-Term Owner
  • 8.6% Cap Rate on Market Rents
  • Phenomenal Rental Area
  • Garage Parking

OVERVIEW

Morgan Skenderian is pleased to present 2724 East 58th Street, Huntington Park, an 8-unit apartment building. Built in 1941 and comprised of 100% 1-bedroom/1-bath floor plans, this offering presents significant rental upside potential, with a favorable $198,750 per unit and $281 per square foot, complemented by garage parking and a desirable 8.6% cap rate on market rents. Situated in a phenomenal rental area, this property represents an attractive prospect for an investor seeking an established income-generating asset.

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

8

PRICE/UNIT

$198,750

CAP RATE

4.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

6309-029-005

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.