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6325 MARCONI Street, Huntington Park, CA 90255

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Listing Type
multi family
Listing Status
active
8
Overview
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Commute
Transportation
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$3,240,000

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Home Details for 6325 MARCONI Street

Price
$3,240,000
Type
multi family
Year Build
1964
Sq. Ft.
10,881
County
Los Angeles
On exitrealty.com
553 days
MLS Listing#
19502654

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.

Property Features

EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
$3,240,000

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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
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