Huntington Park, CA 90255,6363 Cedar ST
Huntington Park, CA 90255,6363 Cedar ST
Huntington Park, CA 90255,6363 Cedar ST
Huntington Park, CA 90255,6363 Cedar ST
Huntington Park, CA 90255,6363 Cedar ST
Huntington Park, CA 90255,6363 Cedar ST
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$1,880,000

$1,950,000

3.6%
Est.Price: ?

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Est. payment /mo

14 Beds

7 Baths

6,912 SqFt


SOLD DATE : 04/30/2024

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

Sold Date 04/30/24

Bedrooms 14

HOA Y/N No

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)

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 8.0

Garage Description 8.0

Attached Garage Yes

Total Parking Spaces 8

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6319007019

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.
agent-avatar

+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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