Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Welcome to the vibrant neighborhoods of Vernon, Maywood, Hunt Park, and Bell, located just north of Florence in Huntington Park, California. This dynamic region is a hidden gem within Los Angeles County, offering a unique blend of residential charm and urban convenience.

Each neighborhood boasts its own distinct character, making it an ideal place for families and individuals alike. Vernon is known for its industrial roots, yet it offers a surprising array of residential opportunities. Maywood, with its rich cultural heritage, features tree-lined streets and a strong sense of community. Hunt Park is perfect for those who appreciate green spaces, with parks and recreational facilities that invite outdoor activities. Lastly, Bell adds to the mix with its diverse population and a variety of local shops and eateries, creating a lively atmosphere.

For homebuyers seeking multifamily living options, this region offers an array of homes with apartment subtypes. These properties are perfect for investors looking to capitalize on rental opportunities or families seeking additional living space. With the demand for housing in the area on the rise, these homes present an excellent investment potential.

Living in this area means enjoying the convenience of urban life while being just a short drive away from the bustling heart of Los Angeles. Residents benefit from easy access to public transportation, major highways, and a plethora of shopping and dining options. Whether you're looking to settle down or invest, Vernon, Maywood, Hunt Park, and Bell offer a welcoming community and a promising real estate landscape. Come explore your future home in this vibrant corner of Huntington Park!

Newest Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

$1,625,000
CV26099601 MLS Active Status
We are proud to present 6200 Malabar Street – a 7-unit multifamily property located in the heart of Huntington Park, CA. Huntington Park is located within LA County’s Southeast region just 7-miles outside of DTLA, centered between the 710-, 5-, and 110-freeways. The property is located within a 10-mile drive to major employment hubs like City of Vernon, City of Commerce, and DTLA. Locally, tenants enjoy being just steps from Pacific Blvd – Huntington Park’s heaviest retail corridor providing access to a variety of retailers, convenience stores, and places to dine. Tenants also enjoy convenient access to big name retailers within a 3-mile drive like Target, Home Depot, Northgate Market, and Several Local Parks and Schools. The property offers 7 single-story, ground-level apartments, consisting of 4, 1-Bedroom and 3, 2-Bedroom units. The property sits on a 7,500+ SF lot and, in addition to housing, offers on-site garage parking and a community laundry room – all income generating attributes that are sparse for tenants in the area. The property currently generates over +/-$155,000 in rental income, with an additional +/-$5,400 of revenue via rentable garages and a shared laundry facility. With a total annual revenue of +/-$161,000, a new investor will benefit from a current 7.03% CAP Rate and 10.08 GRM. A new investor also has the rare opportunity to assume the existing debt of +/-$982,000 at a below market interest rate of 3.45%, which is fixed until mid-2029. The deal boasts an impressive in-place 8.77% Cash-on-Cash return with the assumption of the current debt.

6200 Malabar, Huntington Park

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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.