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6363 Cedar St Huntington Park, CA 90255
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Key Details
Sold Price $1,880,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,912 sqft
Price per Sqft $271
MLS Listing ID 24-362771
Sold Date 04/30/24
Bedrooms 14
Year Built 1963
Lot Size 7,172 Sqft
Acres 0.1646
Property Description
7-unit apartment building located in a quiet residential neighborhood of Huntington Park, CA. Seller may consider carrying financing for a qualified buyer. Terms and rate to be determined. Consisting entirely of spacious 2-bedroom 1 bath (& 1.5 bath) units averaging 987 square feet each, this well-maintained property presents a clear value-add opportunity, with at least 20% rental upside and without the constraints of city rent control. The property is only subject to AB1482 (allowing for 8.8% rent increases annually). The building is separately metered for gas, electricity, and hot water. There are 8 garage parking spaces, providing 1 space per unit and two for the "master" unit. The master unit and unit A are both 2-story townhouses. Some of the building's renovations include a new roof in 2019, new 100 gallon water heater (and circulating pump) in 2019, and plumbing re-piping in 1999. Located about a half mile from Pacific Boulevard, the city's primary shopping mecca, 6363 Cedar Street offers a variety of retail, dining, and schools within minutes.
Location
State CA
County Los Angeles
Area Vernon, Maywood, Hunt Pk &Amp; Bell, N Of Florence, W Of 710
Zoning HPR3YY
Rooms
Other Rooms None
Interior
Heating Natural Gas
Cooling Wall/Window
Equipment Range/Oven
Laundry Room
Exterior
Parking Features Garage Is Attached
Garage Spaces 8.0
Building
Lot Description 5 + Lots
Story 2
Level or Stories Multi/Split
Structure Type Frame
Others
Special Listing Condition Standard
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Bought with Kidder Mathews of California, Inc.