Huntington Park Homes with Apartment Subtype

Huntington Park Homes with Apartment Subtype

Welcome to Huntington Park, a vibrant gem nestled in the heart of Los Angeles County, California. Known for its rich cultural tapestry and community spirit, Huntington Park offers an inviting blend of urban convenience and suburban charm. With its strategic location just a stone's throw away from downtown Los Angeles, residents enjoy easy access to a plethora of dining, shopping, and entertainment options, making it an ideal place for those seeking a lively lifestyle.

Huntington Park is renowned for its diverse neighborhoods, where a variety of homes cater to different lifestyles and preferences. Among these, you will find an array of charming apartments that provide an excellent opportunity for first-time buyers, investors, or anyone looking to enjoy the perks of city living. Many of these apartment homes boast modern amenities, spacious layouts, and beautiful views of the surrounding landscape, ensuring comfort and convenience for all residents.

The community is also home to beautiful parks, bustling markets, and a lively arts scene, making it a wonderful place to call home. With a strong sense of community and a welcoming atmosphere, Huntington Park is perfect for families, young professionals, and retirees alike. Whether you’re seeking a cozy apartment or a larger space to accommodate your needs, Huntington Park has a diverse selection of homes that cater to everyone.

Explore the possibilities of living in Huntington Park, where vibrant culture meets comfortable living, and discover why so many are proud to call this city home!

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.