Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Description

We are pleased to announce the sale of 6325 Marconi Street, an 18-unit non-rent controlled multifamily property in Huntington Park, CA, a dense rental market in Southeast Los Angeles. This offering presents a rare opportunity to purchase a non-rent controlled property with rents that are still far below market levels. Due in part to recent rent growth in the Huntington Park area, where rents have increased by 7.0% year-over-year, the current rents sit approximately 29% 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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T12:29:36.297. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/98206728
Print Image

6325 Marconi Street Huntington Park, CA 90255

  • Price: $3,240,000
  • Status: Active
  • Updated: 65 min ago
  • ID#: 19502654
0
Beds
0
Baths
0
½ Baths
N/A
Acres
10,881
SQFT
$298
$/SQFT
1964
Built
Neighborhood:
T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
County:
Los Angeles
Area:
T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
Property Description
We are pleased to announce the sale of 6325 Marconi Street, an 18-unit non-rent controlled multifamily property in Huntington Park, CA, a dense rental market in Southeast Los Angeles. This offering presents a rare opportunity to purchase a non-rent controlled property with rents that are still far below market levels. Due in part to recent rent growth in the Huntington Park area, where rents have increased by 7.0% year-over-year, the current rents sit approximately 29% 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.
Exterior Features

Parking Features GarageGated

Property Features

Garage YN Yes Gross Income 233766 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 133181 Senior Community YN No Special Listing Conditions Standard Zoning Hpr3*

Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T12:29:36.297. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363244849-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363244849-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363244849-1.jpg
Logo
Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344