6325 MARCONI Street, Huntington Park, CA 90255
Property · 2 recorded sales since 2018
Sold September 2022
Listing Agent: Roderick 'Rick' Raymundo (DRE #01357019) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap · MLS #22162945 · Source: CRMLS
About this property
This offering presents a rare opportunity to purchase a property of this size in a Los Angeles-area submarket that is not subject to local rent control. Due in part to recent rent growth in the Huntington Park area, the current rents sit approximately 24 percent 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. Several of the roofs are pitched and the building's exterior has been recently painted, providing more durability and reducing maintenance costs.Huntington Park High School, Gage Middle School, and San Antonio Elementary School are all within walking distance of the property, while The Home Depot, Staples, Walgreens, and other national retailers are all within a few blocks. Mass transit bus lines make stops within less than a block of the property, while tenants can also access the 710 and 110 Freeways easily.
Listing description from the September 2022 sale, as reported to CRMLS.
Sale history
