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.

Features
3
0
: Gated, Garage
MLS Addon
Marcus & Millichap
House

Residential Income For Sale

6325 MARCONI Street, Huntington Park, California 90255

10,881 Sqft
$3,240,000
Listing ID #19502654
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 19502654
Price : $3,240,000
Rooms : 0
Square Footage : 10,881 Sqft
Year Built : 1964
Price Per Square Foot : $298
Status : Active
Property SubType : Single Family Residence
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