We are proud to present the opportunity to purchase 2755 E 58th Street, a 9-unit multifamily complex located in Huntington Park, CA.
2755 E 58th Street is in the Southeast region of Los Angeles County, just minutes from major employment hubs like DTLA and City of Commerce. The property is conveniently centered between several major freeways - 10, 60, 710, 5, 105, and 110 - providing direct access to frequently visited areas in the San Fernando Valley, DTLA, Long Beach, and Orange County. Iconic attractions within a 15-mile radius include Hollywood Walk of Fame, Hollywood Bowl, Dodger Stadium, SOFI Stadium, and more. University of Southern California, East LA Community College, and Cal State Los Angeles University are also a short drive from the property.
Additionally, the property is located just steps from Pacific Blvd - the heaviest retail corridor in Huntington Park. Some popular local retail amenities that can be found there are Walgreens, Harbor Freight Tools, Ross, Starbucks Coffee, and In-N-Out, to name a few.
2755 E 58th Street is a 2-story multifamily complex that offers approximately 5,864 SF of rentable living space and sits on approximately 7,000 SF of land. The property features 4, one-bedroom/one-bathroom units and 5, two-bedroom/one-bathroom units averaging 560 SF and 725 SF, respectively.
There are currently 2, two-car garages and 4, single-car garages that can potentially be converted into additional living space via ADU capabilities (buyer to verify) and an unused laundry facility that can generate future income once put back into service.
Current ownership has owned and self-managed 2755 E 58th Street for nearly three decades. Some recent improvements made to the property include a new mainline that was replaced within the last 12 months and newer sub panels that were replaced within the last 10 years.