Huntington Park, CA 90255,6363 Cedar ST
Huntington Park, CA 90255,6363 Cedar ST
Huntington Park, CA 90255,6363 Cedar ST
15
$1,880,000
$1,950,000
3.6%
Est.Price: ?

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14 BD
7 BA
6,912 SqFt

6363 Cedar ST Huntington Park, CA 90255

Est. payment /mo
SOLD DATE : 04/30/2024

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Key Details

Sold Price $1,880,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,912 sqft

Price per Sqft $271

MLS Listing ID 24362771

Bedrooms 14

Year Built 1963

Lot Size 7,169 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 T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc

Zoning HPR3YY

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Laundry Laundry Room

Exterior

Garage Spaces 8.0

Garage Description 8.0

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Darin Spillman • Kidder Mathews of California, Inc.
Bought with Darin Spillman • Kidder Mathews of California, Inc.

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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