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 neighborhoods of Vernon, Maywood, Hunt Park, and Bell, nestled in the heart of Huntington Park, California. This dynamic region, located in Los Angeles County, is a treasure trove of diverse culture, community spirit, and convenient living.

Vernon, known for its industrious charm, is a hub for commerce and innovation. Its proximity to major highways and the bustling downtown Los Angeles makes it an ideal location for those who thrive in a fast-paced environment. Meanwhile, Maywood offers a warm community feel with its beautiful parks and family-friendly atmosphere, perfect for those seeking a quieter lifestyle while still enjoying urban conveniences.

Hunt Park is a gem for families, boasting excellent schools and recreational facilities. The neighborhood is characterized by its friendly residents and a strong sense of community, making it a welcoming place for newcomers. Just a stone's throw away, Bell is rich in history and culture, with a variety of dining and shopping options that cater to every taste.

For those interested in real estate, this area offers a unique opportunity with homes featuring apartment subtypes. Whether you’re looking to invest or find a multi-generational living space, these properties provide versatility and potential for rental income. Imagine owning a charming home with the added benefit of an apartment unit, perfect for extended family or as a source of passive income.

Explore the neighborhoods of Vernon, Maywood, Hunt Park, and Bell, where community, culture, and opportunity converge in the heart of Huntington Park!

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.