Marcus & Millichap is pleased to present a five-unit multifamily property located in Huntington Park, California. Situated at 7023 Mabrisa Avenue, east of Alameda Street and north of Florence Avenue, the property is located a very good location.
Built in 1923, this attractive property has a strong unit mix with four, one-bed/one-bath units; and one, two-bed/one-bath unit. This property presents an investor with immediate upside potential in rents due to the fact that Huntington Park is a non rent controlled city, so an investor can immediately raise rents to market prices. The subject property is situated on a very large lot of almost 9,000-square feet, and is very attractive due to the unique bungalow-style individual buildings. The current ownership has taken pride in this building and kept the building in very good shape, which allows an investor the opportunity to raise rents without having to worry about dealing with deferred maintenance.
The subject property allows an investor a unique opportunity to acquire an attractive property with big upside potential in rents, in the desirable non rent controlled city of Huntington Park.
