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6325 Marconi St

Huntington Park, CA 90255
  • $3,680,000
  • STATUS: Active Under Contract
  • ON SITE: 34 Days
  • ID#: 22-162945
Under Contract
UPDATED: 12 min ago
$3,680,000
  • 11
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,881
    SQFT
  • $338
    $/SQFT

School Ratings & Info

Description

This offering presents a rare opportunity to purchase a property of this size in a Los Angeles-area submarket that is not subject to local rent control. Due in part to recent rent growth in the Huntington Park area, the current rents sit approximately 24 percent below those of similar units in the area.Insulated from crowded traffic corridors, the building sits among single family homes and smaller multifamily properties, yet its location still allows tenants convenient access to the Pacific Boulevard Shopping District. The ample on-site covered parking allows space for 20 vehicles, while an on-site laundry room provides an additional income stream for the owner. Several of the roofs are pitched and the building's exterior has been recently painted, providing more durability and reducing maintenance costs.Huntington Park High School, Gage Middle School, and San Antonio Elementary School are all within walking distance of the property, while The Home Depot, Staples, Walgreens, and other national retailers are all within a few blocks. Mass transit bus lines make stops within less than a block of the property, while tenants can also access the 710 and 110 Freeways easily.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-06T15:43:24.283. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.brandiprattrealestate.com/homes/129354301
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6325 Marconi St Huntington Park, CA 90255

  • Price: $3,680,000
  • Status: Active Under Contract
  • On Site: 34 Days
  • Updated: 12 min ago
  • ID#: 22-162945
11
Beds
0
Baths
0
½ Baths
N/A
Acres
10,881
SQFT
$338
$/SQFT
1964
Built
Neighborhood:
Vernon, Maywood, Hunt Pk &Amp; Bell, N Of Florence, W Of 710
County:
Los Angeles
Area:
Vernon, Maywood, Hunt Pk &Amp; Bell, N Of Florence, W Of 710
Property Description
This offering presents a rare opportunity to purchase a property of this size in a Los Angeles-area submarket that is not subject to local rent control. Due in part to recent rent growth in the Huntington Park area, the current rents sit approximately 24 percent below those of similar units in the area.Insulated from crowded traffic corridors, the building sits among single family homes and smaller multifamily properties, yet its location still allows tenants convenient access to the Pacific Boulevard Shopping District. The ample on-site covered parking allows space for 20 vehicles, while an on-site laundry room provides an additional income stream for the owner. Several of the roofs are pitched and the building's exterior has been recently painted, providing more durability and reducing maintenance costs.Huntington Park High School, Gage Middle School, and San Antonio Elementary School are all within walking distance of the property, while The Home Depot, Staples, Walgreens, and other national retailers are all within a few blocks. Mass transit bus lines make stops within less than a block of the property, while tenants can also access the 710 and 110 Freeways easily.
Exterior Features

Lot Size Area 15141 Other Structures None Parking Garage GarageGated Total Parking 20

Interior Features

Baths Total 19.00 Cooling Air Conditioning Equipment Other Heating Other

Property Features

Gross Income 260280 Gross Operating Income 240921 Like Units1 12 Like Units2 2 Like Units3 3 Like Units4 1 Net Operating Income 255232.00 Number Of Buildings 2 Number Of Units 18 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 111929 Type Of Units Residential Year Built Source Assessor Zoning Hpr3*

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-06T15:43:24.283. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583