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6703 MALABAR ST Huntington Park, CA 90255
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Key Details
Sold Price $1,015,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,661 sqft
Price per Sqft $277
MLS Listing ID 20-571798
Sold Date 09/03/20
Bedrooms 12
Year Built 1919
Lot Size 8,542 Sqft
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 Vernon, Maywood, Hunt Pk &Amp; Bell, N Of Florence, W Of 710
Zoning HPR4YY
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 5.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap