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6363 Cedar St Huntington Park, CA 90255
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Key Details
Sold Price $1,880,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,912 sqft
Price per Sqft $271
MLS Listing ID 24-362771
Bedrooms 14
Year Built 1963
Lot Size 7,172 Sqft
Property Description
7-unit apartment building located in a quiet residential neighborhood of Huntington Park, CA. Seller may consider carrying financing for a qualified buyer. Terms and rate to be determined. Consisting entirely of spacious 2-bedroom 1 bath (& 1.5 bath) units averaging 987 square feet each, this well-maintained property presents a clear value-add opportunity, with at least 20% rental upside and without the constraints of city rent control. The property is only subject to AB1482 (allowing for 8.8% rent increases annually). The building is separately metered for gas, electricity, and hot water. There are 8 garage parking spaces, providing 1 space per unit and two for the "master" unit. The master unit and unit A are both 2-story townhouses. Some of the building's renovations include a new roof in 2019, new 100 gallon water heater (and circulating pump) in 2019, and plumbing re-piping in 1999. Located about a half mile from Pacific Boulevard, the city's primary shopping mecca, 6363 Cedar Street offers a variety of retail, dining, and schools within minutes.
Location
State CA
County Los Angeles
Area Vernon, Maywood, Hunt Pk &Amp; Bell, N Of Florence, W Of 710
Zoning HPR3YY
Rooms
Other Rooms None
Interior
Heating Natural Gas
Cooling Wall/Window
Equipment Range/Oven
Laundry Room
Exterior
Parking Features Garage Is Attached
Garage Spaces 8.0
Building
Lot Description 5 + Lots
Story 2
Structure Type Frame
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Kidder Mathews of California, Inc.