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CA > Huntington Park
Huntington Park, CA 90255,7034 7100 Mountain View AVE
Huntington Park, CA 90255,7034 7100 Mountain View AVE
Huntington Park, CA 90255,7034 7100 Mountain View AVE
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Devone Richard

Devone Richard

+1(626) 500-1212
$3,470,000
Est. payment /mo
0.43 Acres Lot
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UPDATED:

12/05/2024 02:05 AM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24176861

HOA Y/N No

Year Built 1954

Annual Tax Amount $53,420

Lot Size 0.426 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning HPR3YY

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 21

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6322035014

Energy Description 3573.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Rick Applebaum • Morgan Skenderian • rma@morganskenderian.com
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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