Huntington Park, CA 90255,6703 Miles Ave
Huntington Park, CA 90255,6703 Miles Ave
Huntington Park, CA 90255,6703 Miles Ave
8
$1,380,000
$1,100,000
25.5%
Est.Price: ?

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10 BD
10 BA
4,112 SqFt

6703 Miles Ave Huntington Park, CA 90255

Est. payment /mo
SOLD DATE : 10/10/2023

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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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TheMLS (CLAW)
Listed by NorthMarq Realty Services, Inc.
Bought with NorthMarq Realty Services, Inc.

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Herman Singh

Broker

+1(310) 625-6175

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