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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$4,495,000

Est. payment - /mo

16 Beds

16 Baths

6,424 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,424 sqft

Price per Sqft $699

MLS Listing ID 25550965

Bedrooms 16

HOA Y/N No

Year Built 1949

Lot Size 5,928 Sqft

Property Description

100% Fully Renovated 16-unit building cash flowing at an amazing 7% Cap Rate from day 1! The offering provides investors with a turnkey opportunity to purchase a premium asset where every single unit was vacated, completely renovated and leased at market rent. It features an attractive and easy to rent unit mix of (16) well-designed One-Bedroom | One-Bathroom units. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. The property has seen a complete restoration, down to every inch. Overall systems were updated with new copper plumbing in units, new electrical sub-panels in units, new HVAC systems, new water heaters, and brand-new windows in each unit. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets and modern countertops. The bathrooms boast new vanities and modern fixtures along with sleek bathtubs. The location is in the heavily sought-after Huntington Park and is poised to capitalize on the tremendous momentum in the immediate area and neighboring Downtown. Given the property's location and strong income metrics, it is an ideal investment for investors seeking immediate returns along with long-term wealth preservation and appreciation.

Location

State CA

County Los Angeles

Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc

Zoning HPCPYY

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features On Street

Building

Story 2

Entry Level Two

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6322016009

Special Listing Condition Standard

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Listed by Armin Soleimani • Global Platinum Properties, Inc.

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6815 Seville AVE Huntington Park, CA 90255