1 /
38
Map
$1,616,810*
●
Multifamily -
Off Market
6914 Malabar Street
Huntington Park, CA 90255
Studio
0 Bath
$990,000 - $1,210,000
Reference Base Price*
46.98%
Since Jun 1, 2019
CA-Los Angeles
Primary Model
About This Property
HUGE PRICE DROP-Great Investment Property-Proforma rents should
give you a cap rate of 7.7% & a GRM of 9.35 with a NOI of $117,600.
Long term tenants are all on month-to-month leases. The property
manager lives in one of the 2 bedroom units at a reduced rate of
$800 in exchange for her service which according to the seller does
her job really well! No Rent Control in Huntington Park CA.
PROJECTED RENTS around the area: 0bed/1bath- $850-$1,000 and
2bed/1bath-$1,500-$1,700. Spanish Style 7-Plex located on a wide
open tree lined street in a highly sought after neighborhood in
Huntington Park. 11 bedrooms and 7 bathrooms. A total of Four 2
bedroom, 1 baths and 3 studios with 1 bath each. Upgraded plumbing,
windows and some electrical. Most units have had their kitchenettes
replaced. Outside stucco has recently been repainted. There are 3
garage spaces. Property is secure with rod iron fencing and locking
security gates on the sides and the back as well as bars on all of
the windows. Huntington Park is a perfect location only 5 miles to
Los Angeles city center offering residence more of an urban feel.
Walking score of 74.7. All units have separate meters. Three of the
2 bedroom units have their own separate laundry rooms. One of the 2
bedrooms has added w/d in the kitchen. Property is gated and
secure. There is a large interior courtyard shared by all units
along with a small back patio. Old laundry room in 4 plex being
used for storage, but could be extra income.
Unit Size
-
Days on Market
-
Land Size
8,588.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1922
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 25, 2019 | No longer available | - | |
No longer available | |||
May 4, 2019 | Relisted | $1,100,000 | |
Relisted | |||
Apr 27, 2019 | No longer available | - | |
No longer available | |||
Apr 20, 2019 | Price Decreased |
$1,100,000
↓ $398K
(26.6%)
|
|
Price Decreased | |||
Mar 26, 2019 | Listed | $1,498,000 | |
Listed |
Property Highlights
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
1
Bed
1
Bath
2,972 ft²
$353/ft²
$1,050,000
Apr 19, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/26/2019
|
|
Studio
|
-
|
-
|
$1,498,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
About Huntington Park
Similar Homes for Sale
Nearby Rentals
$2,300 /mo
- 2 Beds
- 1 Bath
- 775 ft²
$2,900 /mo
- 3 Beds
- 1 Bath
- 900 ft²