6363 Cedar Street, Huntington Park, CA 90255
Property · 2 recorded sales since 2019
Sold April 2024
Listing Agent: Darin Spillman (DRE #01366902) · Listing Office: Kidder Mathews of California, Inc. · Contact: 310-312-2800 · Bought with: Darin Spillman · Kidder Mathews of California, Inc. · MLS #24362771 · Source: CRMLS
About this property
7-unit apartment building located in a quiet residential neighborhood of Huntington Park, CA. Seller may consider carrying financing for a qualified buyer. Terms and rate to be determined. Consisting entirely of spacious 2-bedroom 1 bath (& 1.5 bath) units averaging 987 square feet each, this well-maintained property presents a clear value-add opportunity, with at least 20% rental upside and without the constraints of city rent control. The property is only subject to AB1482 (allowing for 8.8% rent increases annually). The building is separately metered for gas, electricity, and hot water. There are 8 garage parking spaces, providing 1 space per unit and two for the "master" unit. The master unit and unit A are both 2-story townhouses. Some of the building's renovations include a new roof in 2019, new 100 gallon water heater (and circulating pump) in 2019, and plumbing re-piping in 1999. Located about a half mile from Pacific Boulevard, the city's primary shopping mecca, 6363 Cedar Street offers a variety of retail, dining, and schools within minutes.
Listing description from the April 2024 sale, as reported to CRMLS.
Sale history
