Huntington Park, CA 90255,6822 Marbrisa AVE
Huntington Park, CA 90255,6822 Marbrisa AVE
Huntington Park, CA 90255,6822 Marbrisa AVE
7
$1,700,000
$2,100,000
19.0%
Est.Price: ?

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10 BD
9 BA
5,424 SqFt

6822 Marbrisa AVE Huntington Park, CA 90255

Est. payment /mo
SOLD DATE : 07/18/2023

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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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California Regional MLS (CRMLS)
Listed by Oscar Diaz • Marcus & Millichap
Bought with Oscar Diaz • Marcus & Millichap

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Leo Chen

Agent | License ID: 01958853

+1(949) 238-2346

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