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6325 Marconi Street

Huntington Park, CA 90255
  • $3,680,000
  • STATUS: Active Under Contract
  • ON SITE: 29 Days
  • ID#: 22162945
Under Contract
UPDATED: 44 min ago
$3,680,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): Roderick 'Rick' Raymundo of Marcus & Millichap (213-943-1800) and Oscar Diaz of Marcus & Millichap(213-943-1800)


Description

This offering presents a rare opportunity to purchase a property of this size in a Los Angeles-area submarket that is not subject to local rent control. Due in part to recent rent growth in the Huntington Park area, the current rents sit approximately 24 percent below those of similar units in the area.Insulated from crowded traffic corridors, the building sits among single family homes and smaller multifamily properties, yet its location still allows tenants convenient access to the Pacific Boulevard Shopping District. The ample on-site covered parking allows space for 20 vehicles, while an on-site laundry room provides an additional income stream for the owner. Several of the roofs are pitched and the building's exterior has been recently painted, providing more durability and reducing maintenance costs.Huntington Park High School, Gage Middle School, and San Antonio Elementary School are all within walking distance of the property, while The Home Depot, Staples, Walgreens, and other national retailers are all within a few blocks. Mass transit bus lines make stops within less than a block of the property, while tenants can also access the 710 and 110 Freeways easily.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-01T08:27:01.397. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/129353579
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6325 Marconi Street Huntington Park, CA 90255

  • Price: $3,680,000
  • Status: Active Under Contract
  • On Site: 29 Days
  • Updated: 44 min ago
  • ID#: 22162945
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1964
Built
Neighborhood:
T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
County:
Los Angeles
Area:
T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
Property Description
This offering presents a rare opportunity to purchase a property of this size in a Los Angeles-area submarket that is not subject to local rent control. Due in part to recent rent growth in the Huntington Park area, the current rents sit approximately 24 percent below those of similar units in the area.Insulated from crowded traffic corridors, the building sits among single family homes and smaller multifamily properties, yet its location still allows tenants convenient access to the Pacific Boulevard Shopping District. The ample on-site covered parking allows space for 20 vehicles, while an on-site laundry room provides an additional income stream for the owner. Several of the roofs are pitched and the building's exterior has been recently painted, providing more durability and reducing maintenance costs.Huntington Park High School, Gage Middle School, and San Antonio Elementary School are all within walking distance of the property, while The Home Depot, Staples, Walgreens, and other national retailers are all within a few blocks. Mass transit bus lines make stops within less than a block of the property, while tenants can also access the 710 and 110 Freeways easily.
Exterior Features

Parking Features GarageGated Parking Total 20

Property Features

Association Fee 0 Garage YN Yes Gross Income 260280 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 255232 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Hpr3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-01T08:27:01.397. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Roderick 'Rick' Raymundo of Marcus & Millichap (213-943-1800) and Oscar Diaz of Marcus & Millichap(213-943-1800)