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$ 2,700,000
Est. payment /mo
Price Dropped by $225K
2821 Randolph Street Huntington Park, CA 90255
3 Beds
2 Baths
0.32 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26114763
Bedrooms 3
Lot Size 0.319 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction South of Slauson Ave. West of Boyle Ave.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6320009028
Listed by Kristopher German, DRE#01800021 RE/MAX 2000 REALTY