$1,032,500
$1,025,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 03/12/2021
Key Details
Sold Price $1,032,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21019036
Sold Date 03/12/21
HOA Y/N No
Year Built 1923
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Value add apartment building in a prime rental pocket of Huntington Park. This residential stretch of Templeton Street is tree-lined and consists mostly of single family residences and small apartment buildings. The subject property is well located just west of Miles Avenue in proximity to City Hall, Miles Avenue Elementary School, Huntington Park Library, Gage Middle School, Miles Park, and Salt Lake Park. Walk Score of 84 out of 100.
This six unit property consists of two buildings. The front building consists of (4) One-Bed, One-Bath units that are single-story bungalow style. The rear building consists of (1) One-Bed, One-Bath unit and (1) Two-Bed,One-Bath unit. They are situated on the second floor. There are five on-site private garages for tenant parking.
Value add investment opportunity with approximately 44% market rental upside yielding a market proforma 6.97% cap rate and 9.38 GRM.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Zoning HPR4YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Garden
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Other
New Construction No
Others
Senior Community No
Tax ID 6322013026
Energy Description 1080.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Nicholas Ensbury • Keller Williams Beach Cities