2821 Randolph Street, Huntington Park, CA 90255
- $2,925,000
- List Price
- $2,925,000
- Status
- ACTIVE
- MLS#
- CV26114763
- Year Built
- 1965
- Lot Size
- 13,887
- Acres
- 0.32
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 60
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Priced to Sell! Exceptional opportunity to acquire a 14-unit apartment community in the city of Huntington Park, offered at $2,925,000. This well-located asset delivers a strong 5.64% CAP Rate and 11 GRM, providing attractive day-one cash flow with significant long-term upside potential. The property features an excellent unit mix consisting of four 2-Bed/1-Bath units and ten 1-Bed/1-Bath units, appealing to a broad tenant base and supporting consistent occupancy. Offering approximately 9,160 rentable square feet on a 13,887 sq. ft. lot, the property is positioned on a prime corner location within walking distance to shopping, dining, and schools. Tenants enjoy highly desirable amenities including 19 onsite garage parking spaces, private gated entry, and an onsite laundry facility, features that continue to support tenant retention and rental performance. Investors will also appreciate the property’s excellent price per unit and the opportunity to capture a massive 30% upside in rental income, creating a path to increased cash-flow over time.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 19
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $246,672
- Operating Expense
- 77348
Listing courtesy of Listing Agent: Kristopher German (kris@theapartmentdealer.com) from Listing Office: RE/MAX 2000 REALTY.
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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.