Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Welcome to the vibrant and diverse neighborhoods of Vernon, Maywood, Huntington Park, and Bell, nestled in the heart of Los Angeles County, California. This dynamic region is a hidden gem, perfectly blending urban convenience with a strong sense of community.

Vernon, known for its industrial roots, offers a unique blend of residential and commercial spaces, making it an ideal location for those looking to balance work and home life. Just a stone's throw away, Maywood is characterized by its charming streets and close-knit community, providing a welcoming atmosphere for families and young professionals alike.

Huntington Park boasts a lively cultural scene, with an array of restaurants, shops, and parks that cater to all tastes. Its rich history and diverse population create a vibrant tapestry of experiences, making it a fantastic place to call home. Meanwhile, Bell, with its quaint charm and community-focused initiatives, offers a peaceful retreat while still being close to the hustle and bustle of the city.

For those seeking homes with an apartment subtype, this region presents an excellent opportunity. Many properties feature spacious layouts, ideal for multi-generational living or rental income potential. These homes often come equipped with modern amenities and are situated in convenient locations, providing easy access to public transportation, schools, and local parks.

Whether you’re a first-time homebuyer or looking to invest, the neighborhoods of Vernon, Maywood, Huntington Park, and Bell offer a wealth of possibilities. Experience the charm and convenience of this remarkable area and find your perfect home today!

Newest Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) 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.