Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    7034 Mountain View Avenue, Huntington Park, CA 90255
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    7034 Mountain View Avenue
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    • MLS#: PW24176861 ( Commercial/Residential )
    • Street Address: 7034 Mountain View Avenue
    • Viewed: 9
    • Price: $3,470,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1954
    • Bldg sqft: 0
    • Days On Market: 192
    • Additional Information
    • County: LOS ANGELES
    • City: Huntington Park
    • Zipcode: 90255
    • Provided by: Morgan Skenderian
    • Contact: Rick Rick
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Pleased to present a 17 unit apartment complex located at 7034 7100 Mountain View Avenue Huntington Park. This 9,683 SF property, constructed in 1954, features 17 units offering an excellent mix of studios, 1 & 2 bedroom apartments. Situated on (2) lots, inclusive of garage and open parking, the property boasts a $204,118 average price per unit and offers significant rental upside potential following long term ownership. Achieving an impressive 8.5% Cap Rate on market rents in this phenomenal rental area, this asset provides a compelling opportunity for savvy investors seeking a value add property with strong income generating potential.
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    Features
    Additional Parcels Description
    1. 6322035015
    Assessments
    1. Special Assessments
    Building Area Total
    1. 9683.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 187
    Electric Expense
    1. 3573.00
    Fuel Expense
    1. 3573.00
    Garage Spaces
    1. 8.00
    Gardner Expense
    1. 2400.00
    Insurance Expense
    1. 5000.00
    Laundry Equipment Own Lease
    1. Lease
    Laundry Features
    1. Common Area
    Laundry Income
    1. 3000.00
    Levels
    1. Two
    Lot Features
    1. Lot 10000-19999 Sqft
    Netoperatingincome
    1. 158792.00
    Newtaxesexpense
    1. 53420.00
    Number Of Separate Electric Meters
    1. 18
    Number Of Separate Gas Meters
    1. 18
    Otherexpense
    1. 1000.00
    Otherexpensedescription
    1. misc
    Parcel Number
    1. 6322035014
    Parking Features
    1. Assigned
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Commercial/Residential
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 421851988:CRM
    Totalactualrent
    1. 20682.00
    Totalexpenses
    1. 86112.00
    Trash Expense
    1. 3573.00
    Uncovered Spaces
    1. 13.00
    Vacancyallowance
    1. 6280
    Water Sewer Expense
    1. 3573.00
    Water Source
    1. Public
    Year Built
    1. 1954
    Year Built Source
    1. Assessor
    Zoning
    1. HPR3YY
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836