Address
6325 Marconi Street Huntington Park, CA
Price
$ 3,240,000
Property Attributes
  • MLS#19502654
  • TypeIncome
  • CountyLOS ANGELES
  • CityHuntington Park
  • AreaVernon - Maywood - Hunt Pk & Bell - N of Florenc
  • Zip90255
  • Style
  • Price$ 3,240,000
  • Bedrooms18
  • Full Bathrooms18
  • Half Bathrooms0
  • Lot Size0.35 Acres
Listing Provided Courtesy Of:
Roderick 'Rick' Raymundo with Marcus & Millichap
Data Source:
CLAW
Property Description

We are pleased to announce the sale of 6325 Marconi Street, an 18-unit non-rent controlled multifamily property in Huntington Park, CA, a dense rental market in Southeast Los Angeles. This offering presents a rare opportunity to purchase a non-rent controlled property with rents that are still far below market levels. Due in part to recent rent growth in the Huntington Park area, where rents have increased by 7.0% year-over-year, the current rents sit approximately 29% below those of similar units in the area.Insulated from crowded traffic corridors, the building sits among single family homes and smaller multifamily properties, yet its location still allows tenants convenient access to the Pacific Boulevard Shopping District. The ample on-site covered parking allows space for 20 vehicles, while an on-site laundry room provides an additional income stream for the owner.

Price History
8/22/2019 Listed $3,240,000

General Features

Garage Y/N Yes
MLS Area T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
Parking Features Garage, Gated
Property Type Residential Income
Total Units 18
Zoning HPR3*

Exterior Features

Lot Size Area 15141
Lot Size Source Assessor
Lot Size Square Feet 15141
Lot Size Units Square Feet
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90255

Price
AVG $1.5M
$3.24M
Visits
AVG 38
2
Year Built
AVG 1940
1964

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