2821 Randolph ST, Huntington Park, CA 90255
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2821 Randolph ST, Huntington Park, CA 90255
2821 Randolph ST, Huntington Park, CA 90255
2821 Randolph ST, Huntington Park, CA 90255
2821 Randolph ST, Huntington Park, CA 90255
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$ 2,700,000
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Price Dropped by $225K

2821 Randolph ST Huntington Park, CA 90255

0.32 Acres Lot


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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26114763

HOA Y/N No

Year Built 1965

Lot Size 0.319 Acres

Property Sub-Type Apartment

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

Zoning HPCN-R3*

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport, Door-Single, Garage

Garage Spaces 19.0

Garage Description 19.0

Fence None

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 19

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6320009028

Energy Description 878.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard


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Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443, DRE #01800021
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2821 Randolph ST