Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Multi Level Stories

Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Multi Level Stories

Welcome to the vibrant neighborhoods of Vernon, Maywood, Huntington Park, and Bell, located in the heart of Los Angeles County, California. This dynamic region is a tapestry of rich cultural diversity, making it a unique place to call home. Just a stone's throw from downtown Los Angeles, these communities offer residents the perfect blend of urban convenience and suburban charm.

Vernon, a small but industrious city, is known for its thriving business environment, while Maywood and Bell boast a strong sense of community, with local parks, schools, and family-oriented activities. Huntington Park is a lively hub filled with shops, restaurants, and cultural events, making it a delightful area for families and young professionals alike. The neighborhoods are well-connected by public transportation, ensuring easy access to the greater Los Angeles area.

For those seeking a home that offers a bit more space and versatility, the multi-level story homes in this region are a perfect fit. These residences often feature spacious layouts, allowing for comfortable living and entertaining. With multiple levels, families can enjoy designated spaces for relaxation, work, and play, catering to a variety of lifestyles. Whether you’re looking for a cozy retreat or a vibrant family home, these multi-level properties provide an ideal backdrop for creating lasting memories.

Explore the charm and convenience of Vernon, Maywood, Huntington Park, and Bell, where your dream home awaits amidst the bustling energy of Los Angeles County. Embrace the opportunity to live in a community that celebrates diversity, connectivity, and the joy of home.

Newest Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Multi Level Stories

$5,300,000
19 Beds 26 Baths 24359147 MLS Active Status
We are pleased to present for sale, The Clarendon, a twenty-two-unit apartment building in the Huntington Park submarket of Los Angeles. Located on a quiet residential street comprised of mostly single-family homes, the property is a charming, center-courtyard, walk-up. Built in 1964, The Clarendon features a unit mix of twelve studios, two 1-bedroom/1-bath, three 2-bedroom/1-bath, and a four-bedroom/2-bath house. Recently completed in 2022 was the addition of four additional units comprised of one 2-bedroom/1-bath, one 2-bedroom/2-bath, and two 3-bedroom/2-bath. The additional units are master metered for both gas and electric. Why buy in Huntington Park? Unlike the City of Los Angeles, Huntington Park currently allows for rent increases of 5% + CPI, which is equivalent to 10%. The City of Los Angeles has not allowed rent increases since 2019 and increases on rent-controlled buildings are generally capped at no more than 4%. By allowing higher rent increases Huntington Park gives landlords great flexibility in achieving rents that are closer to market, which is especially beneficial during high inflationary periods. Another benefit is the utility costs are considerably lower in comparison to the City of Los Angeles. New ownership can continue to improve the asset by renovating units as they become vacant, implementing RUBS to recapture utility costs, replacing the leased laundry machines with landlord owned, and continue to give the below market tenants annual rent increases.

2966 Clarendon Avenue, 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.