9 Units Value-Add Huntington Park | 2938 E 60th Pl
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9 Units Value-Add Huntington Park 2938 E 60th Pl
9 Unit Apartment Building $2,300,000 ($255,556/Unit) 4.40% Cap Rate Huntington Park, CA 90255
Investment Highlights
- Value-Add Opportunity: Over 25% Rental Upside
- Located in quiet residential neighborhood
- Situated close to employment centers of Vernon and Downtown L.A.
- Superb unit mix of three 3 bed, 1.5 bath and six 2 bed, 1 bath units
- City of Huntington Park has no rent control ordinance
- High-density, high-demand infill rental submarket
Executive Summary
NEW PRICING. We are pleased to offer for sale a 9 unit apartment building in the city of Huntington Park.
The asset consists of three 3 bedroom-1.5 bathroom and six 2 bedroom-1 bathroom units. This offering presents an opportunity for an investor to add value through management and rehabilitation in a high-density, high-demand in-fill rental market.
Situated in a very attractive, quiet pocket of Huntington Park, the building has 9 carport spaces, on-site laundry, and is separately metered for gas and electricity.
The city of Huntington Park is centrally located close to the employment centers of Vernon and Downtown Los Angeles. The property enjoys close proximity to Pacific Boulevard, the city’s main retail corridor and boasts a Walk Score of 94
The asset consists of three 3 bedroom-1.5 bathroom and six 2 bedroom-1 bathroom units. This offering presents an opportunity for an investor to add value through management and rehabilitation in a high-density, high-demand in-fill rental market.
Situated in a very attractive, quiet pocket of Huntington Park, the building has 9 carport spaces, on-site laundry, and is separately metered for gas and electricity.
The city of Huntington Park is centrally located close to the employment centers of Vernon and Downtown Los Angeles. The property enjoys close proximity to Pacific Boulevard, the city’s main retail corridor and boasts a Walk Score of 94
Property Facts
| Price | $2,300,000 | Apartment Style | Low Rise |
| Price Per Unit | $255,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.40% | Building Size | 7,650 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Price | $2,300,000 |
| Price Per Unit | $255,556 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,650 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.18/1,000 SF |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 6310-022-007 | Improvements Assessment | $668,682 |
| Land Assessment | $466,081 | Total Assessment | $1,134,763 |
PROPERTY TAXES
Parcel Number
6310-022-007
Land Assessment
$466,081
Improvements Assessment
$668,682
Total Assessment
$1,134,763
zoning
| Zoning Code | HPR3YY (Five Or More Units Or Apartments) |
| HPR3YY (Five Or More Units Or Apartments) |
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9 Units Value-Add Huntington Park | 2938 E 60th Pl
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