7034 Mountain View Avenue, Huntington Park, CA 90255
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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
- DMCA Notice
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DescriptionPleased 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.
Property Location and Similar Properties
Features
Additional Parcels Description
- 6322035015
Assessments
- Special Assessments
Building Area Total
- 9683.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 187
Electric Expense
- 3573.00
Fuel Expense
- 3573.00
Garage Spaces
- 8.00
Gardner Expense
- 2400.00
Insurance Expense
- 5000.00
Laundry Equipment Own Lease
- Lease
Laundry Features
- Common Area
Laundry Income
- 3000.00
Levels
- Two
Lot Features
- Lot 10000-19999 Sqft
Netoperatingincome
- 158792.00
Newtaxesexpense
- 53420.00
Number Of Separate Electric Meters
- 18
Number Of Separate Gas Meters
- 18
Otherexpense
- 1000.00
Otherexpensedescription
- misc
Parcel Number
- 6322035014
Parking Features
- Assigned
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Commercial/Residential
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 421851988:CRM
Totalactualrent
- 20682.00
Totalexpenses
- 86112.00
Trash Expense
- 3573.00
Uncovered Spaces
- 13.00
Vacancyallowance
- 6280
Water Sewer Expense
- 3573.00
Water Source
- Public
Year Built
- 1954
Year Built Source
- Assessor
Zoning
- HPR3YY