Huntington Park, CA 90255,6709 Templeton ST

$1,032,500

Est. payment /mo

$1,025,000

0.7%
Est.Price: ?

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6709 Templeton ST Huntington Park, CA 90255

7,405 Sqft Lot

SOLD DATE : 03/12/2021

Key Details

Sold Price $1,032,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB21019036

Sold Date 03/12/21

HOA Y/N No

Year Built 1923

Lot Size 7,405 Sqft

Property Description

Value add apartment building in a prime rental pocket of Huntington Park. This residential stretch of Templeton Street is tree-lined and consists mostly of single family residences and small apartment buildings. The subject property is well located just west of Miles Avenue in proximity to City Hall, Miles Avenue Elementary School, Huntington Park Library, Gage Middle School, Miles Park, and Salt Lake Park. Walk Score of 84 out of 100.

This six unit property consists of two buildings. The front building consists of (4) One-Bed, One-Bath units that are single-story bungalow style. The rear building consists of (1) One-Bed, One-Bath unit and (1) Two-Bed,One-Bath unit. They are situated on the second floor. There are five on-site private garages for tenant parking.

Value add investment opportunity with approximately 44% market rental upside yielding a market proforma 6.97% cap rate and 9.38 GRM.

Location

State CA

County Los Angeles

Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc

Zoning HPR4YY

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description Garden

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Other

New Construction No

Others

Senior Community No

Tax ID 6322013026

Energy Description 1080.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by John Mociak • Keller Williams Beach Cities
Bought with Nicholas Ensbury • Keller Williams Beach Cities

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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