7034 Mountain View Avenue, Huntington Park, CA 90255
  • MLS#: PW24176861 ( Commercial/Residential )
  • Street Address: 7034 Mountain View Avenue
  • Viewed: 4
  • Price: $3,470,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1954
  • Bldg sqft: 0
  • Days On Market: 306
  • Additional Information
  • County: LOS ANGELES
  • City: Huntington Park
  • Zipcode: 90255
  • Provided by: Morgan Skenderian
  • Contact: Rick Rick
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Pleased to present a 17 unit apartment complex located at 7034 7100 Mountain View Avenue Huntington Park. This 9,683 SF property, constructed in 1954, features 17 units offering an excellent mix of studios, 1 & 2 bedroom apartments. Situated on (2) lots, inclusive of garage and open parking, the property boasts a $204,118 average price per unit and offers significant rental upside potential following long term ownership. Achieving an impressive 8.5% Cap Rate on market rents in this phenomenal rental area, this asset provides a compelling opportunity for savvy investors seeking a value add property with strong income generating potential.
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Features
Additional Parcels Description
  1. 6322035015
Assessments
  1. Special Assessments
Building Area Total
  1. 9683.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 157
Electric Expense
  1. 3573.00
Fuel Expense
  1. 3573.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 2400.00
Insurance Expense
  1. 5000.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Laundry Income
  1. 3000.00
Levels
  1. Two
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 158792.00
Newtaxesexpense
  1. 53420.00
Number Of Separate Electric Meters
  1. 18
Number Of Separate Gas Meters
  1. 18
Otherexpense
  1. 1000.00
Otherexpensedescription
  1. misc
Parcel Number
  1. 6322035014
Parking Features
  1. Assigned
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 421851988:CRM
Totalactualrent
  1. 20682.00
Totalexpenses
  1. 86112.00
Trash Expense
  1. 3573.00
Uncovered Spaces
  1. 13.00
Vacancyallowance
  1. 6280
Water Sewer Expense
  1. 3573.00
Water Source
  1. Public
Year Built
  1. 1954
Year Built Source
  1. Assessor
Zoning
  1. HPR3YY