Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Welcome to the vibrant neighborhoods of Vernon, Maywood, Hunt Park, and Bell, nestled in the heart of Huntington Park, California. This dynamic region, located in the bustling Los Angeles County, offers a unique blend of urban convenience and community charm, making it an ideal place to call home.

Vernon is known for its industrial roots, but it also boasts a growing residential community with an array of homes that cater to diverse lifestyles. Just a stone's throw away, Maywood offers a rich cultural tapestry and a strong sense of community, ideal for families and professionals alike. The streets are lined with quaint shops, local eateries, and parks, creating a welcoming atmosphere for all residents.

Hunt Park is a hidden gem, characterized by its leafy green spaces and family-friendly amenities. Whether you're enjoying a leisurely stroll or engaging in recreational activities, this neighborhood provides a perfect balance of relaxation and recreation. Meanwhile, Bell is celebrated for its charming homes and vibrant community spirit, offering a variety of housing options that suit different needs and budgets.

For those seeking homes with an apartment subtype, this region is particularly appealing. Many properties feature spacious layouts that are perfect for families or individuals looking for rental opportunities. These homes often come equipped with modern amenities and easy access to public transportation, making commuting a breeze.

In Vernon, Maywood, Hunt Park, and Bell, you’ll find not just a place to live, but a community to grow in. Explore the possibilities and discover your dream home in this thriving enclave of Huntington Park!

Newest Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) 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

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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.