Address
2755 E 58th Street Huntington Park, CA
Price
$ 1,900,000
Property Attributes
  • MLS#21680040
  • TypeIncome
  • CountyLOS ANGELES
  • CityHuntington Park
  • AreaVernon - Maywood - Hunt Pk & Bell - N of Florenc
  • Zip90255
  • Style
  • Price$ 1,900,000
  • Bedrooms14
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage5864
  • Lot Size6,682 SqFt
Listing Provided Courtesy Of:
Roderick 'Rick' Raymundo with Marcus & Millichap.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

The property sits on 6,682 square feet of land and consists of five two-bedroom units and four one-bedroom units totaling 5,864 rentable square feet. A new owner will benefit from multiple enclosed garages providing space for eight vehicles or for additional storage. There is also potential to create an additional income stream via the currently unused laundry room located at the rear of the property. This offering is a true value-add opportunity with approximately 46% upside in rents. The average rent at 2755 E 58th Street is only $1,100 per unit while similar one-bedroom units in Huntington Park are averaging $1,550 per month and two-bedroom units are achieving $1,800 per month. With a proper renovation program, a savvy investor can realize the delta between current and market rents to dramatically improve income. The property is ideally situated approximately 4.5 miles from DTLA and among the 10, 5, 710, 105, and 110 Freeways.

Price History
1/20/2021 Listed $1,900,000

General Features

Listing Agent Roderick 'Rick' Raymundo - BRE#01357019
Listing Agent State License 01357019
MLS Area T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 9
Zoning HPR3YY

Exterior Features

Lot Size Acres 0.15
Lot Size Area 6682
Lot Size Source Estimated
Lot Size Square Feet 6682
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90255

Price
AVG $1.42M
$1.9M
Visits
AVG 56
173
Year Built
AVG 1939
1930
Walkscore
AVG 86
83
Data Provided by Walkscore ® not using MLS data

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