Huntington Park Homes with Apartment Subtype

Huntington Park Homes with Apartment Subtype

Welcome to Huntington Park, California – a vibrant gem nestled in the heart of Los Angeles County. Known for its rich cultural diversity and community spirit, Huntington Park is a city that offers a unique blend of urban convenience and suburban charm. With its bustling streets, eclectic shops, and delicious dining options, residents enjoy a lively atmosphere that truly embodies the Southern California lifestyle.

Huntington Park is particularly appealing to those seeking homes with an apartment subtype. The city features a variety of multi-family housing options, making it an ideal choice for investors and families alike. These apartments not only provide a comfortable living space but also foster a sense of community among neighbors. Many buildings are equipped with modern amenities, including pools, fitness centers, and communal lounges, ensuring that residents can enjoy a fulfilling lifestyle without sacrificing convenience.

The city's strategic location offers easy access to major freeways and public transportation, making commuting to downtown Los Angeles and surrounding areas a breeze. Additionally, Huntington Park is home to numerous parks and recreational facilities, catering to those who appreciate outdoor activities and family-friendly environments.

Whether you’re looking to invest in a rental property or find a cozy place to call home, Huntington Park’s diverse real estate market has something for everyone. Experience the warmth and vibrancy of this community, where every street tells a story, and every home is a place of comfort and connection. Discover your dream apartment today in Huntington Park, where life is as colorful as its residents!

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.