2938 E 60th Pl - Apartments FOR SALE


Huntington Park, CA 90255
$2,300,000 USD
310-592-8269
2938 E 60th Pl, Huntington Park, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/16
null | 4.4% Cap Rate

2938 E 60th Pl
Huntington Park, CA 90255


HIGHLIGHTS

  • Value-Add Opportunity: Over 25% Rental Upside
  • Superb unit mix of three 3 bed, 1.5 bath and six 2 bed, 1 bath units
  • Located in quiet residential neighborhood
  • City of Huntington Park has no rent control ordinance
  • Situated close to employment centers of Vernon and Downtown L.A.
  • High-density, high-demand infill rental submarket

OVERVIEW

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. 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 and boasts a Walk Score of 94

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

9

PRICE/UNIT

$255,556

CAP RATE

4.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Units Value-Add Huntington Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,999 SF

ZONING

HPR3YY

APN/PARCEL ID

6310-022-007

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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Darin SpillmanKidder MathewsMore Info
310-592-8269

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