Description
100% fully renovated 16-unit building cash flowing at an amazing 7% cap rate from day 1! the offering provides investors with a turnkey opportunity to purchase a premium asset where every single unit was vacated, completely renovated and leased at market rent. it features an attractive and easy to rent unit mix of (16) well-designed one-bedroom | one-bathroom units. the property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. the property has seen a complete restoration, down to every inch. overall systems were updated with new copper plumbing in units, new electrical sub-panels in units, new hvac systems, new water heaters, and brand-new windows in each unit. the units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. in the kitchen, there are new cabinets and modern countertops. the bathrooms boast new vanities and modern fixtures along with sleek bathtubs. the location is in the heavily sought-after huntington park and is poised to capitalize on the tremendous momentum in the immediate area and neighboring downtown. given the property's location and strong income metrics, it is an ideal investment for investors seeking immediate returns along with long-term wealth preservation and appreciation.
Property Type
Residential IncomeCounty
Los AngelesStyle
TraditionalAD ID
50151591
Sell a home like this and save $269,201 Find Out How
Statistics Bottom Ads 1
Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 16
Bathroom Information
- Total Baths: 16
- Full Baths: 0
- Half Baths: 0
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1949
- Building Area Total: 6,424
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1361
- Lot Size Dimensions: 50x113
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 5928
-
Listing Information
Listing Price Information
- Original List Price: 4,495,000
- Listing Contract Date: 2025-06-11
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 6322016009
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: On Street
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
- Directions: Between Zoe and Saturn, 3 Blocks East of Pacific Blvd.
- Zoning: HPCPYY
- Source Property Type: Residential Income
- Area: T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
Building and Construction
- Property Age: 76
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 6424
- Levels or Stories: Two
- Building Total Stories: 2
Statistics Bottom Ads 2
Sidebar Ads 1
Learn More about this Property
Sidebar Ads 2
Sidebar Ads 2
Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
BuyOwner last updated this listing 06/14/2025 @ 06:58
- MLS: 25550965
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 16 bedrooms which is for sale, it has 6,424 sqft, 5,928 sized lot, and 0 parking. are nearby neighborhoods.