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6822 Marbrisa AVE Huntington Park, CA 90255
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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,424 sqft
Price per Sqft $313
MLS Listing ID 22193674
Sold Date 07/18/23
Bedrooms 10
HOA Y/N No
Year Built 1926
Lot Size 0.390 Acres
Property Description
We are pleased to present an exciting investment opportunity at 6822 Marbrisa Avenue, a 9-unit multifamily property located in Huntington Park, California. This Southeast Los Angeles submarket serves a large, dense rental pool, and has one of the lowest vacancy rates in the Los Angeles area. The property itself offers nearly 5,424 square feet of living space across a renter-friendly,single-story layout featuring eight one-bedroom/one-bath units and an additional two-bedroom/one-bath unit. Units sit on a 16,980 square foot corner lot, organized into six separate structures: three duplexes and three standalone units. There is also ample onsite enclosed garage parking. Investors will have the opportunity to implement a systematic renovation program focused on revenue generating improvements. They can then reposition the property among market leaders and increase rental income by approximately 39.1% percent. It is also conveniently located close to a developed shopping district with many national retailers and gives tenants easy access to I-710 and I-5 freeways.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Zoning HRP3*
Interior
Fireplace No
Exterior
Garage Spaces 9.0
Garage Description 9.0
Attached Garage No
Total Parking Spaces 9
Building
New Construction No
Others
Senior Community No
Tax ID 6321024026
Special Listing Condition Standard
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Bought with Oscar Diaz • Marcus & Millichap