Huntington Park Homes with Apartment Subtype

Huntington Park Homes with Apartment Subtype

Welcome to Huntington Park, California – a vibrant city nestled in the heart of Los Angeles County that perfectly blends urban convenience with a welcoming community spirit. With a rich history dating back to the early 1900s, Huntington Park has evolved into a dynamic hub known for its diverse culture, thriving local businesses, and family-friendly atmosphere.

One of the standout features of Huntington Park is its array of housing options, particularly homes with an apartment subtype. This unique property type is ideal for those seeking flexibility and investment potential. Whether you're a first-time homebuyer, a seasoned investor, or looking for a multi-generational living solution, these homes provide the perfect balance of comfort and functionality.

Imagine having the ability to live in one part of your home while renting out the other – a fantastic way to offset living costs or generate additional income. Many of these properties are conveniently located near essential amenities, including parks, schools, and shopping centers, making them perfect for families and professionals alike.

Huntington Park also boasts a rich tapestry of cultural experiences, with numerous events and festivals celebrating its diverse heritage. From delightful eateries serving authentic cuisine to charming boutiques and vibrant community spaces, there’s always something to explore.

If you’re looking for a place that offers both a sense of community and investment opportunity, Huntington Park awaits. Discover your dream home with an apartment subtype in this thriving city, where the possibilities are endless!

Newest Huntington Park Homes with Apartment Subtype

$1,625,000
CV26099601 MLS Active Status
We are proud to present 6200 Malabar Street – a 7-unit multifamily property located in the heart of Huntington Park, CA. Huntington Park is located within LA County’s Southeast region just 7-miles outside of DTLA, centered between the 710-, 5-, and 110-freeways. The property is located within a 10-mile drive to major employment hubs like City of Vernon, City of Commerce, and DTLA. Locally, tenants enjoy being just steps from Pacific Blvd – Huntington Park’s heaviest retail corridor providing access to a variety of retailers, convenience stores, and places to dine. Tenants also enjoy convenient access to big name retailers within a 3-mile drive like Target, Home Depot, Northgate Market, and Several Local Parks and Schools. The property offers 7 single-story, ground-level apartments, consisting of 4, 1-Bedroom and 3, 2-Bedroom units. The property sits on a 7,500+ SF lot and, in addition to housing, offers on-site garage parking and a community laundry room – all income generating attributes that are sparse for tenants in the area. The property currently generates over +/-$155,000 in rental income, with an additional +/-$5,400 of revenue via rentable garages and a shared laundry facility. With a total annual revenue of +/-$161,000, a new investor will benefit from a current 7.03% CAP Rate and 10.08 GRM. A new investor also has the rare opportunity to assume the existing debt of +/-$982,000 at a below market interest rate of 3.45%, which is fixed until mid-2029. The deal boasts an impressive in-place 8.77% Cash-on-Cash return with the assumption of the current debt.

6200 Malabar, Huntington Park

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.