6200 Malabar, Huntington Park, CA 90255

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Glen Henderson

[email protected] +1(619) 889-7646

$1,685,000

Est. payment - /mo

3 Beds

7,507 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25254734

Bedrooms 3

Lot Size 7,507 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Exchange

Property Type Res Income 2-4 Units

Property Description

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 Countys 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 Parks 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 sparce for tenants in the area. The property currently generates over +/-$150,000 in rental income, with an additional +/-$5,400 of revenue via rentable garages and a shared laundry facility. With a total annual revenue of +/-$155,880, a new investor will benefit from the current 6.42% CAP Rate and 10.81 GRM. A new investor also has the rare opportunity to assume the existing debt of +/-$983,000 at a below market interest rate of 3.45%, which is fixed until mid-2029. The deal boasts an impressive in-place 7.91% Cash-on-Cash return with the assumption of the current debt.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Randolph X Malabar

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 6320019004

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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Listed by Justino Faaola COMPASS

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

6200 Malabar Huntington Park, CA 90255

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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