Huntington Park, CA 90255,6822 Marbrisa Ave
Huntington Park, CA 90255,6822 Marbrisa Ave
Huntington Park, CA 90255,6822 Marbrisa Ave
7
$1,700,000
$2,100,000
19.0%
Est.Price: ?

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10 BD
9 BA
5,424 SqFt

6822 Marbrisa Ave Huntington Park, CA 90255

Est. payment /mo
SOLD DATE : 07/18/2023

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Key Details

Sold Price $1,700,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,424 sqft

Price per Sqft $313

MLS Listing ID 22-193674

Sold Date 07/18/23

Bedrooms 10

Year Built 1926

Lot Size 0.390 Acres

Acres 0.3898

Property Description

We are pleased to present an exciting investment opportunity at 6822 Marbrisa Avenue, a 9-unit multifamily property located in Huntington Park, California. This Southeast Los Angeles submarket serves a large, dense rental pool, and has one of the lowest vacancy rates in the Los Angeles area. The property itself offers nearly 5,424 square feet of living space across a renter-friendly,single-story layout featuring eight one-bedroom/one-bath units and an additional two-bedroom/one-bath unit. Units sit on a 16,980 square foot corner lot, organized into six separate structures: three duplexes and three standalone units. There is also ample onsite enclosed garage parking. Investors will have the opportunity to implement a systematic renovation program focused on revenue generating improvements. They can then reposition the property among market leaders and increase rental income by approximately 39.1% percent. It is also conveniently located close to a developed shopping district with many national retailers and gives tenants easy access to I-710 and I-5 freeways.

Location

State CA

County Los Angeles

Area Vernon, Maywood, Hunt Pk &Amp; Bell, N Of Florence, W Of 710

Zoning HRP3*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Garage Is Detached

Garage Spaces 9.0

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Marcus & Millichap
Bought with Marcus & Millichap

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Herman Singh

Broker

+1(310) 625-6175

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