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2467 California Street, Huntington Park

Listing courtesy of Listing Agent: JOANNA CHEUNG (jcjc9779@gmail.com) from Listing Office: APEX REALTY & MANAGEMENT INC..

$2,000,000

Fully occupied 7-unit multifamily investment opportunity located on a corner lot in Huntington Park. The property consists of two low-rise buildings and offers long-term tenancy with stable in-place income. Unit mix includes primarily 1-bedroom/1-bath units along with larger 2-bedroom units. Several units feature updated kitchens, remodeled bathrooms, and newer flooring. Tenants pay their own electricity with individually metered units, contributing to lower operating expenses. The property includes six on-site parking spaces, a valuable amenity in this submarket. Centrally located near schools, public transportation, major employment centers, and with convenient access to the 5, 710, and 105 freeways. Ideal for investors seeking a stable asset with long-term upside potential. Drive-by only; do not disturb occupants.

IV25085582 MLS

Fully occupied 7-unit multifamily investment opportunity located on a corner lot in Huntington Park. The property consists of two low-rise buildings and offers long-term tenancy with stable in-place income. Unit mix includes primarily 1-bedroom/1-bath units along with larger 2-bedroom units. Several units feature updated kitchens, remodeled bathrooms, and newer flooring. Tenants pay their own electricity with individually metered units, contributing to lower operating expenses. The property includes six on-site parking spaces, a valuable amenity in this submarket. Centrally located near schools, public transportation, major employment centers, and with convenient access to the 5, 710, and 105 freeways. Ideal for investors seeking a stable asset with long-term upside potential. Drive-by only; do not disturb occupants.

4301 E 60th Street, Huntington Park

Listing courtesy of Listing Agent: RENE RAMIREZ (FindMyCastle@CastraRealty.com) from Listing Office: Castra Realty, Inc.

$1,600,000

This building is the Chamizal Mexican Restaurant located in the heart of Huntington Park in a high-traffic area with strong demographics and foot traffic. With a spacious 4,900 sq ft interior and a lot size of 7,412 sq ft, this family-style dining destination boasts a seating capacity of 180 and is fully equipped with both a Liquor & Beer License and an Entertainment License. The restaurant is owner-operated and has built a strong reputation in the local community. This is a rare opportunity to acquire a high-capacity building and business.

DW25088862 MLS

This building is the Chamizal Mexican Restaurant located in the heart of Huntington Park in a high-traffic area with strong demographics and foot traffic. With a spacious 4,900 sq ft interior and a lot size of 7,412 sq ft, this family-style dining destination boasts a seating capacity of 180 and is fully equipped with both a Liquor & Beer License and an Entertainment License. The restaurant is owner-operated and has built a strong reputation in the local community. This is a rare opportunity to acquire a high-capacity building and business.

7111 Pacific Boulevard, Huntington Park

Listing courtesy of Listing Agent: Diana Gonzalez (dglzmora814@gmail.com) from Listing Office: Excellence RE Real Estate.

$5,300,000

We are pleased to present for sale, The Clarendon, a twenty-two-unit apartment building in the Huntington Park submarket of Los Angeles. Located on a quiet residential street comprised of mostly single-family homes, the property is a charming, center-courtyard, walk-up. Built in 1964, The Clarendon features a unit mix of twelve studios, two 1-bedroom/1-bath, three 2-bedroom/1-bath, and a four-bedroom/2-bath house. Recently completed in 2022 was the addition of four additional units comprised of one 2-bedroom/1-bath, one 2-bedroom/2-bath, and two 3-bedroom/2-bath. The additional units are master metered for both gas and electric. Why buy in Huntington Park? Unlike the City of Los Angeles, Huntington Park currently allows for rent increases of 5% + CPI, which is equivalent to 10%. The City of Los Angeles has not allowed rent increases since 2019 and increases on rent-controlled buildings are generally capped at no more than 4%. By allowing higher rent increases Huntington Park gives landlords great flexibility in achieving rents that are closer to market, which is especially beneficial during high inflationary periods. Another benefit is the utility costs are considerably lower in comparison to the City of Los Angeles. New ownership can continue to improve the asset by renovating units as they become vacant, implementing RUBS to recapture utility costs, replacing the leased laundry machines with landlord owned, and continue to give the below market tenants annual rent increases.

19 Beds ⋅ 26 Baths ⋅ 24359147 MLS

We are pleased to present for sale, The Clarendon, a twenty-two-unit apartment building in the Huntington Park submarket of Los Angeles. Located on a quiet residential street comprised of mostly single-family homes, the property is a charming, center-courtyard, walk-up. Built in 1964, The Clarendon features a unit mix of twelve studios, two 1-bedroom/1-bath, three 2-bedroom/1-bath, and a four-bedroom/2-bath house. Recently completed in 2022 was the addition of four additional units comprised of one 2-bedroom/1-bath, one 2-bedroom/2-bath, and two 3-bedroom/2-bath. The additional units are master metered for both gas and electric. Why buy in Huntington Park? Unlike the City of Los Angeles, Huntington Park currently allows for rent increases of 5% + CPI, which is equivalent to 10%. The City of Los Angeles has not allowed rent increases since 2019 and increases on rent-controlled buildings are generally capped at no more than 4%. By allowing higher rent increases Huntington Park gives landlords great flexibility in achieving rents that are closer to market, which is especially beneficial during high inflationary periods. Another benefit is the utility costs are considerably lower in comparison to the City of Los Angeles. New ownership can continue to improve the asset by renovating units as they become vacant, implementing RUBS to recapture utility costs, replacing the leased laundry machines with landlord owned, and continue to give the below market tenants annual rent increases.

2966 Clarendon Avenue, Huntington Park

Listing courtesy of Listing Agent: Adam Zunder (adam@iconicinv.com) from Listing Office: Iconic Investments.