Huntington Park Homes with Apartment Subtype

Huntington Park Homes with Apartment Subtype

Welcome to Huntington Park, a vibrant city nestled in the heart of Los Angeles County, California. Known for its rich cultural diversity and strong sense of community, Huntington Park boasts a unique blend of urban convenience and suburban charm. With a population that reflects a tapestry of backgrounds, this city offers a welcoming atmosphere for residents and visitors alike.

One of the most appealing aspects of Huntington Park is its variety of housing options, particularly homes with apartment subtypes. These residences are perfect for those seeking the flexibility of multi-family living while enjoying the benefits of homeownership. Whether you’re an investor looking to add to your portfolio or a homeowner wanting to share space with family or friends, these properties provide a fantastic opportunity to embrace the community spirit that Huntington Park embodies.

Huntington Park is well-connected to the greater Los Angeles area, making it an ideal location for commuters. Residents can enjoy easy access to major highways and public transportation, allowing for seamless travel to nearby attractions, shopping centers, and entertainment venues. The city is also home to beautiful parks, bustling markets, and a variety of dining options, offering something for everyone.

With its affordable housing market and a strong sense of community, Huntington Park is a hidden gem for those looking to plant roots in Los Angeles County. Explore the homes with apartment subtypes and discover the perfect blend of comfort, convenience, and community that this charming city has to offer!

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

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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.