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7034-7100 Mountain View Ave

17 Unit Apartment Building $3,470,000 ($204,118/Unit) 4.58% Cap Rate Huntington Park, CA 90255

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Investment Highlights

Excellent Mix of Studio, 1 & 2-Bedroom Units
Large Lot with Garage & Open Parking. Two Separate Parcels
8.5% Cap Rate on Market Rents

$204,118 per Unit
Massive Rental Upside From Long-Term Owner
Phenomenal Rental Area

Executive Summary

Morgan Skenderian is pleased to present a 17-unit apartment complex located at 7034-7100 Mountain View Avenue Huntington Park. This ±9,683 SF property, constructed in 1954, features 17 units offering an excellent mix of studios, 1 & 2-bedroom apartments. Situated on (2) lots, inclusive of garage and open parking, the property boasts a $204,118 average price per unit and offers significant rental upside potential following long-term ownership. Achieving an impressive 8.5% Cap Rate on market rents in this phenomenal rental area, this asset provides a compelling opportunity for savvy investors seeking a value-add property with strong income-generating potential.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$251,184	$53.80
Other Income	-	-
Vacancy Loss	$6,280	$1.35
Effective Gross Income	$244,904	$52.45
Taxes	$53,420	$11.44
Operating Expenses	$32,692	$7.00
Total Expenses	$86,112	$18.44
Net Operating Income	$158,792	$34.01

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$251,184
Annual Per SF	$53.80

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$6,280
Annual Per SF	$1.35

Effective Gross Income
Annual	$244,904
Annual Per SF	$52.45

Taxes
Annual	$53,420
Annual Per SF	$11.44

Operating Expenses
Annual	$32,692
Annual Per SF	$7.00

Total Expenses
Annual	$86,112
Annual Per SF	$18.44

Net Operating Income
Annual	$158,792
Annual Per SF	$34.01

Property Facts

Price	$3,470,000	Apartment Style	Low Rise
Price Per Unit	$204,118	Building Class	C
Sale Type	Investment	Lot Size	0.43 AC
Cap Rate	4.58%	Building Size	4,669 SF
Gross Rent Multiplier	13.81	No. Stories	2
No. Units	17	Year Built	1954
Property Type	Multifamily	Parking Ratio	2.17/1,000 SF
Property Subtype	Apartment

Price	$3,470,000
Price Per Unit	$204,118
Sale Type	Investment
Cap Rate	4.58%
Gross Rent Multiplier	13.81
No. Units	17
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.43 AC
Building Size	4,669 SF
No. Stories	2
Year Built	1954
Parking Ratio	2.17/1,000 SF

Unit Amenities

Air Conditioning
Heating

Kitchen

Oven

Tub/Shower

Site Amenities

24 Hour Access
Controlled Access

Laundry Facilities

Walk-Up

Smoke Detector

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	4	$1,207	-
1+1	11	$1,229	-
2+1	2	$1,163	-

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Walk Score®

Very Walkable (83)

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Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	6322-035-014	Total Assessment	$573,721 (2024)
Land Assessment	$137,782 (2024)	Annual Taxes	$53,420 ($11.44/SF)
Improvements Assessment	$435,939 (2024)	Tax Year	2023