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 Los Angeles County, is a hidden gem that offers a unique blend of urban convenience and community charm.

The area is characterized by its diverse culture and rich history, making it an exciting place to call home. Residents enjoy a variety of local amenities, including parks, shops, and restaurants that reflect the eclectic tastes of the community. With easy access to major highways and public transportation, commuting to downtown Los Angeles or surrounding areas is a breeze, enhancing the appeal for both families and professionals alike.

When it comes to housing, this region is particularly known for its homes with apartment subtypes, providing an excellent opportunity for both homeowners and investors. These properties often feature versatile layouts that cater to multi-generational living or rental income potential. Imagine having the ability to live in one unit while renting out another, creating a sustainable source of income right in your own backyard.

With a variety of styles and sizes, these homes can accommodate different lifestyles, whether you’re looking for a cozy bungalow or a larger multi-family residence. The blend of affordability and potential for growth in this area makes it an attractive option for those looking to invest in real estate.

Explore the possibilities that Vernon, Maywood, Hunt Park, and Bell have to offer, and discover why this area is becoming one of the most sought-after locations in Los Angeles County. Your dream home awaits!

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.