Huntington Park, CA 90255,6703 MALABAR ST

$1,015,000

Est. payment /mo

$1,145,000

11.4%
Est.Price: ?

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6703 MALABAR ST Huntington Park, CA 90255

SOLD DATE : 09/03/2020

Key Details

Sold Price $1,015,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20571798

Sold Date 09/03/20

HOA Y/N No

Year Built 1919

Property Description

We are proud to present the opportunity to acquire 6703 Malabar St, a six-unit apartment complex in Huntington Park.The property sits on an 8,542 square foot parcel with 3,661 square feet of rentable space. Built in 1919, 6703 Malabar is comprised of three separate structures with a unit mix of (1) one 3 bed/2 bath unit, (4)four 2 bed/1 bath unit, and (1) one 1 bed/1 bath unit. The gas and electricity are both individually metered and the building offers tenants gated entry, (3) three uncovered parking spaces, and (2) two garage parking spaces. With over 55% of upside in rents and being located in an opportunity zone, this property provides an astute investor a unique value-add opportunity, potential capital gain deferment benefits and long term cash flow.

Location

State CA

County Los Angeles

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

Zoning HPR4YY

Interior

Fireplace No

Building

Story 2

Others

Senior Community No

Tax ID 6322020018

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sevak Keshishian • Marcus & Millichap
Bought with Sevak Keshishian • Marcus & Millichap

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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