2938 E 60Th Place

Huntington Park, CA 90255

PRICE REDUCED

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-$87,000 (-3.64%)

$2,300,000

List Price

18

bed Beds

9

shower Baths

7,650 sqft

straighten / sqft

1962

calendar_month Built

Property Description

NEW PRICING. We are pleased to offer for sale a 9 unit apartment building in the city of Huntington Park. The asset consists of three 3 bedroom-1.5 bathroom and six 2 bedroom-1 bathroom units. This offering presents an opportunity for an investor to add value through management and rehabilitation in a high-density, high-demand in-fill rental market. The city of Huntington Park does not have a rent control ordinance and the owner is only bound by AB 1482, which allows for up to 8.8% rent increases annually. Situated in a very attractive, quiet pocket of Huntington Park, the building has 9 carport spaces, on-site laundry, and is separately metered for gas and electricity. The city of Huntington Park is centrally located close to the employment centers of Vernon and Downtown Los Angeles. The property enjoys close proximity to Pacific Boulevard, the city's main retail corridor.

Listing Information

List Price $2,300,000
Status Active
MLS 24380259
Type Residential Income
Year Built 1962
Lot Size 9,002
Structure Size 7,650
DOM 148
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Darin Spillman DRE#01366902

Interior Features

Total Bedroom
Bedrooms 18
Total Bathroom
Bathrooms 9
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Darin Spillman, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 9th, 2024 at 4:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.