Huntington Park Homes with Apartment Subtype

Huntington Park Homes with Apartment Subtype

Welcome to Huntington Park, a vibrant gem nestled in the heart of Los Angeles County, California. Known for its rich cultural diversity and community spirit, Huntington Park offers a unique blend of urban convenience and suburban charm. With its convenient location just a stone's throw from downtown Los Angeles, residents enjoy easy access to the bustling city life while relishing the warmth of a close-knit community.

Huntington Park is characterized by its charming neighborhoods, where tree-lined streets and well-maintained parks invite families and individuals alike to enjoy the outdoors. The city is home to a variety of local shops, restaurants, and markets that reflect its multicultural heritage, making it an exciting place to explore and experience different cuisines and traditions.

For those looking to settle in this dynamic city, Huntington Park boasts a range of housing options, including homes with apartment subtypes. These homes are perfect for anyone seeking the convenience of apartment living while enjoying the benefits of a more spacious, private residence. With multiple bedrooms and modern amenities, these properties cater to families, young professionals, and investors alike.

Whether you're drawn to the area's rich history, its bustling community events, or the accessibility to major highways and public transportation, Huntington Park is an excellent choice for your next home. Embrace the spirit of this lively city and discover the perfect place to call home in Huntington Park, where opportunity and community come together in a delightful fusion.

Newest Huntington Park Homes with Apartment Subtype

$1,625,000
CV26099601 MLS Active Status
We are proud to present 6200 Malabar Street – a 7-unit multifamily property located in the heart of Huntington Park, CA. Huntington Park is located within LA County’s Southeast region just 7-miles outside of DTLA, centered between the 710-, 5-, and 110-freeways. The property is located within a 10-mile drive to major employment hubs like City of Vernon, City of Commerce, and DTLA. Locally, tenants enjoy being just steps from Pacific Blvd – Huntington Park’s heaviest retail corridor providing access to a variety of retailers, convenience stores, and places to dine. Tenants also enjoy convenient access to big name retailers within a 3-mile drive like Target, Home Depot, Northgate Market, and Several Local Parks and Schools. The property offers 7 single-story, ground-level apartments, consisting of 4, 1-Bedroom and 3, 2-Bedroom units. The property sits on a 7,500+ SF lot and, in addition to housing, offers on-site garage parking and a community laundry room – all income generating attributes that are sparse for tenants in the area. The property currently generates over +/-$155,000 in rental income, with an additional +/-$5,400 of revenue via rentable garages and a shared laundry facility. With a total annual revenue of +/-$161,000, a new investor will benefit from a current 7.03% CAP Rate and 10.08 GRM. A new investor also has the rare opportunity to assume the existing debt of +/-$982,000 at a below market interest rate of 3.45%, which is fixed until mid-2029. The deal boasts an impressive in-place 8.77% Cash-on-Cash return with the assumption of the current debt.

6200 Malabar, Huntington Park

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.