Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Welcome to the vibrant and diverse neighborhoods of Vernon, Maywood, Hunt Park, and Bell, located in the heart of Huntington Park, California. This dynamic region, nestled within Los Angeles County, offers a unique blend of urban convenience and suburban charm, making it an attractive destination for homebuyers seeking a lively community with rich cultural influences.

The area is well-known for its convenient access to major highways and public transportation, allowing residents to easily navigate the bustling city of Los Angeles and beyond. With a variety of local amenities, including parks, shopping centers, and dining options, families and individuals alike will find everything they need just a stone's throw away. The neighborhoods are characterized by their friendly atmosphere and tight-knit communities, making it a perfect place to call home.

For those interested in real estate, the region features a range of homes with apartment subtypes, catering to various lifestyles and budgets. Whether you’re looking for a cozy duplex or a spacious multifamily residence, there’s something for everyone. These homes often come with the added benefit of rental income potential, making them a smart investment choice for savvy buyers.

Surrounded by a rich tapestry of cultures, residents can enjoy a vibrant community life filled with local events, farmers’ markets, and cultural celebrations throughout the year. Embrace the charm and opportunity that Vernon, Maywood, Hunt Park, and Bell have to offer, and discover your perfect home in this thriving Los Angeles enclave!

Newest Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

$1,625,000
CV26099601 MLS Active Status
We are proud to present 6200 Malabar Street – a 7-unit multifamily property located in the heart of Huntington Park, CA. Huntington Park is located within LA County’s Southeast region just 7-miles outside of DTLA, centered between the 710-, 5-, and 110-freeways. The property is located within a 10-mile drive to major employment hubs like City of Vernon, City of Commerce, and DTLA. Locally, tenants enjoy being just steps from Pacific Blvd – Huntington Park’s heaviest retail corridor providing access to a variety of retailers, convenience stores, and places to dine. Tenants also enjoy convenient access to big name retailers within a 3-mile drive like Target, Home Depot, Northgate Market, and Several Local Parks and Schools. The property offers 7 single-story, ground-level apartments, consisting of 4, 1-Bedroom and 3, 2-Bedroom units. The property sits on a 7,500+ SF lot and, in addition to housing, offers on-site garage parking and a community laundry room – all income generating attributes that are sparse for tenants in the area. The property currently generates over +/-$155,000 in rental income, with an additional +/-$5,400 of revenue via rentable garages and a shared laundry facility. With a total annual revenue of +/-$161,000, a new investor will benefit from a current 7.03% CAP Rate and 10.08 GRM. A new investor also has the rare opportunity to assume the existing debt of +/-$982,000 at a below market interest rate of 3.45%, which is fixed until mid-2029. The deal boasts an impressive in-place 8.77% Cash-on-Cash return with the assumption of the current debt.

6200 Malabar, Huntington Park

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.