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6215 Cedar Street

Huntington Park, CA 90255
  • $2,050,000
  • STATUS: Active
  • ON SITE: 216 Days
  • MLS #: PW23027530
Price Reduced
UPDATED: 65 min ago
$2,050,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): Jackson Jorgensen of Younglewin Advisors, Inc. (562-318-0215)


Description

We are pleased to present to market as the exclusive listing agent 6215 Cedar St. a 10 unit apartment building located in Huntington Park. The property consists of two separate buildings, a seven unit in the front and a three unit in the rear with five garage spaces (one is a double car garage) underneath the building. Nine of the units are 1 bed/1 bath and one is a 2 bed/1 bath. There is community laundry on site with leased machines. Over the past few years the current ownership has fully renovated four of the one bedroom units and replaced all windows with new double pane vinyl style throughout the buildings. Rents for the unrenovated units are nearly 45% below market rate, allowing substantial upside for a new investor.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T08:31:19.177. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/137054901
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6215 Cedar Street Huntington Park, CA 90255

  • Price: $2,050,000
  • Status: Active
  • On Site: 216 Days
  • Updated: 65 min ago
  • MLS #: PW23027530
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1940
Built
Neighborhood:
T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
County:
Los Angeles
Area:
T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
Property Description
We are pleased to present to market as the exclusive listing agent 6215 Cedar St. a 10 unit apartment building located in Huntington Park. The property consists of two separate buildings, a seven unit in the front and a three unit in the rear with five garage spaces (one is a double car garage) underneath the building. Nine of the units are 1 bed/1 bath and one is a 2 bed/1 bath. There is community laundry on site with leased machines. Over the past few years the current ownership has fully renovated four of the one bedroom units and replaced all windows with new double pane vinyl style throughout the buildings. Rents for the unrenovated units are nearly 45% below market rate, allowing substantial upside for a new investor.
Exterior Features

Lot Features Street Level Number Of Separate Electric Meters 10 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.91 Common Interest Community Apartment Community Features Urban Garage YN Yes Gross Income 5280 Gross Scheduled Income 168590 Insurance Expense 3500 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 100587 New Construction YN No New Taxes Expense 32287 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 63462 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1300 Vacancy Allowance Rate 3 Water Sewer Expense 7000 Water Source Public Zoning Hpr3yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T08:31:19.177. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Jackson Jorgensen of Younglewin Advisors, Inc. (562-318-0215)