Listed by Miranti Borvornsin, Keller Williams Realty Westside,

7209 Seville Avenue

Huntington Park, CA, 90255

$8,900,000

$310 per ft²
$8,900,000
$310 per ft²
Active
Active
 - For Sale
beds
37 Beds
baths
40 Baths
carpenters-square
28,688 ft²
property_type
Multi-family
calendar
Built 1926
GREAT UPSIDE POTENTIAL, 2 RETAILS on the first floor 3,600 SqFt. total are vacant with LOI ready. The new owner can keep for his personal used or choose his own tenants. All apartments either have NO RENT INCREASE FOR 3 YEARS or just moved in paying market rent. ----- This is a mixed used, 36 Apartments, 4 retails in a high traffic corner with a bus stop. ----- The two retail spaces are renting month to month at a very low rent that hasn't been increased over 10 years. These also can be delivered vacant. One is a well known grocery, 4000+SqFt, another is an herbs shop, 1,800 Sq.Ft. There is a large free public parking spaces right behind the building with 10 hours limit. ----- All 36 apartments are well maintained, very clean (ask for more pictures) all current tenants are paying rent on time and at the time of application they all have over 700 FICO scores. They are very clean, low vacancy rate. ***** RENT CAP WILL BE 7% ***** IF all retail spaces are renting at the current market price, and all apartments have an updated rent.
MLS® ID:
22202026
Listed:
9/21/22
Updated:
9/26/22
Compass
Accardo Real Estate Company

Interior Features

Total Bedrooms
37
Total Bathrooms
40
Floor Description
Wood
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.25 acres lot

Other Property Details

Area Name
T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud
Garage
No
Parking
Public
View
Y
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LCC3*

 

Listed by Miranti Borvornsin, Keller Williams Realty Westside,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/26/22. 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.

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Data last updated 3:26 AM UTC, 9/26/22

Compass
Accardo Real Estate Company
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