7034-7100 Mountain View Ave - Apartments FOR SALE


Huntington Park, CA 90255
$3,470,000 USD
949-295-8560
7034-7100 Mountain View Ave, Huntington Park, CA for Sale
$3,470,000 USD
Apartments - FOR SALE
1/15
null | 4.58% Cap Rate

7034-7100 Mountain View Ave
Huntington Park, CA 90255


HIGHLIGHTS

  • Excellent Mix of Studio, 1 & 2-Bedroom Units
  • $204,118 per Unit
  • Large Lot with Garage & Open Parking. Two Separate Parcels
  • Massive Rental Upside From Long-Term Owner
  • 8.5% Cap Rate on Market Rents
  • Phenomenal Rental Area

OVERVIEW

Morgan Skenderian is 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.

FOR SALE DETAILS

PRICE

$3,470,000 USD

PRICE/SF

$743 USD /SF

# OF UNITS

17

PRICE/UNIT

$204,118

CAP RATE

4.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,579 SF

ZONING

-

APN/PARCEL ID

6322-035-014

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.