6729 Middleton, Huntington Park, CA 90255
- $2,945,000
- List Price
- $2,945,000
- Status
- COMING SOON
- MLS#
- OC26203300
- Year Built
- 1938
- Lot Size
- 17,038
- Acres
- 0.39
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 105
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
Cash Flow - 7.65% Actual CAP Rate, with a projected 8.0%+/- Year 1 CAP Rate.! This investment offers an exceptional combination of strong in-place cash flow and future upside. Priced at just $196,333 per unit, the property presents an attractive basis, while also being located within an Opportunity Zone offering potential capital gains tax advantages. The asset consists of two separate parcels and is ideal opportunity for a 1031 exchange buyer. Additional features include ample parking consisting of six garages, six open parking spaces, a 2-car tandem driveway. Because this is a 15-unit complex, there also is no requirement for an on-site manager!
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 6
- Sewer
- None
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 15
- Gross Scheduled Income
- $334,146
- Operating Expense
- 102497
Listing courtesy of Listing Agent: Pat Swanson (pat.swanson@streamrealty.com) from Listing Office: Pat Swanson.
Mortgage Calculator
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.