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Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY
$ 2,700,000
Est. payment /mo
Price Dropped by $225K
2821 Randolph ST Huntington Park, CA 90255
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26114763
Year Built 1965
Lot Size 0.319 Acres
Source California Regional MLS
Property Description
Price Reduced! Exceptional opportunity to acquire a 14-unit apartment community in the city of Huntington Park, now offering an attractive 6.2% CAP Rate and 10.8 GRM. The improved pricing provides investors with strong day-one cash flow at an attractive price per unit, along with significant potential to increase returns through an estimated 30% upside in rental income. The property features an excellent unit mix consisting of four 2-Bed/1-Bath units and ten 1-Bed/1-Bath units, providing desirable floor plans that support consistent tenant demand. Offering approximately 9,160 rentable square feet on a 13,887 sq. ft. lot, the property occupies a prime corner location within walking distance to shopping, dining, and schools. Tenants enjoy an impressive 19 onsite garage parking spaces, a particularly valuable amenity in the Huntington Park rental market, along with private gated entry and an onsite laundry facility. These features enhance the property's overall rental appeal and provide added convenience for residents.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Interior
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Carport , Garage
Garage Spaces 19.0
Pool 31, None
View None
Roof Type Shingle
Building
Water District - Public
Others
Tax ID 6320009028
Special Listing Condition Not Applicable
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