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Key Details
Sold Price $1,380,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,112 sqft
Price per Sqft $335
MLS Listing ID 23310565
Sold Date 10/10/23
Bedrooms 10
HOA Y/N No
Year Built 1923
Lot Size 0.253 Acres
Property Description
We are pleased to present the opportunity to acquire 6703-07 Miles Avenue, a 10-unit value-add opportunity in Huntington Park. The property is situated on two parcels spanning approximately ~11,021 square feet and is comprised of two one-story bungalow style buildings that totaling ~4,112 gross square feet. Combined, these two buildings consist of (10) 1 Bedroom + 1 Bathroom units with a carport parking structure at the rear of the property. Over the years, 6703-07 Miles has remained largely untouched presenting a subsequent buyer to achieve significant upside though curing deferred maintenance and renovating unit interior and exteriors to the modern taste of the a 90255 Zip Code Renter. Given that the area is predominately made up of single-family residences, there is a growing demand for renovated affordable housing in Huntington Park. Beyond the 6703-07 Miles physical plant, the Huntington Park submarket is experiencing a rapid revitalization. With its current untouched state and substantial potential for increased rental income, 6703-07 Miles Avenue stands as an attractive investment opportunity in an area poised for growth.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Zoning HPR4YY
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Detached Carport
Attached Garage No
Total Parking Spaces 10
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6322012024
Special Listing Condition Standard
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Bought with Elliot Hassan • NorthMarq Realty Services, Inc.