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6703 Miles Ave Huntington Park, CA 90255
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Key Details
Sold Price $1,380,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,112 sqft
Price per Sqft $335
MLS Listing ID 23-310565
Sold Date 10/10/23
Bedrooms 10
Year Built 1923
Lot Size 0.253 Acres
Acres 0.1223
Property Description
We are pleased to present the opportunity to acquire 6703-07 Miles Avenue, a 10-unit value-add opportunity in Huntington Park. The property is situated on two parcels spanning approximately ~11,021 square feet and is comprised of two one-story bungalow style buildings that totaling ~4,112 gross square feet. Combined, these two buildings consist of (10) 1 Bedroom + 1 Bathroom units with a carport parking structure at the rear of the property. Over the years, 6703-07 Miles has remained largely untouched presenting a subsequent buyer to achieve significant upside though curing deferred maintenance and renovating unit interior and exteriors to the modern taste of the a 90255 Zip Code Renter. Given that the area is predominately made up of single-family residences, there is a growing demand for renovated affordable housing in Huntington Park. Beyond the 6703-07 Miles physical plant, the Huntington Park submarket is experiencing a rapid revitalization. With its current untouched state and substantial potential for increased rental income, 6703-07 Miles Avenue stands as an attractive investment opportunity in an area poised for growth.
Location
State CA
County Los Angeles
Area Vernon, Maywood, Hunt Pk &Amp; Bell, N Of Florence, W Of 710
Zoning HPR4YY
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment None
Exterior
Parking Features Carport Detached
Garage Spaces 10.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard
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Bought with NorthMarq Realty Services, Inc.