Refine Search
Map
Sort by
$799,500
PW26070919 MLS ⋅ Active Under Contract Status
This triplex on a large lot presents a great opportunity for both seasoned investors and owner-occupants seeking long-term growth. PLUS, the property offers potential to add up to two ADUs per the city - a significant value-add opportunity for future income and portfolio expansion. Recent upgrades include NEW plumbing repipe from the garages in the back to the front house, NEW electrical panel, and NEW EQ retrofit, enhancing reliability and reducing future maintenance costs. The one bedroom units have been updated, and the property is currently occupied by stable, long-term tenants, providing immediate income from day one. A standout feature is four highly desirable garages, offering ample parking or storage—an attractive amenity for tenants and an additional revenue stream for the owner. With the same owner for decades, this is a rare chance to unlock hidden value through strategic updates, adding units, and optimizing rents. Ideal for investors or owner-occupants seeking income and growth.

7015 Templeton, Huntington Park
$5,300,000
19 Beds ⋅ 26 Baths ⋅ 24359147 MLS ⋅ Active Status
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

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.