6703 Miles Avenue, Huntington Park, CA 90255
Property
Sold October 2023
Listing Agent: Elliot Hassan (DRE #01481211) · Listing Office: NorthMarq Realty Services, Inc. · Contact: 949-717-5200 · Bought with: Elliot Hassan · NorthMarq Realty Services, Inc. · MLS #23310565 · Source: CRMLS
About this property
We are pleased to present the opportunity to acquire 6703-07 Miles Avenue, a 10-unit value-add opportunity in Huntington Park. The property is situated on two parcels spanning approximately ~11,021 square feet and is comprised of two one-story bungalow style buildings that totaling ~4,112 gross square feet. Combined, these two buildings consist of (10) 1 Bedroom + 1 Bathroom units with a carport parking structure at the rear of the property. Over the years, 6703-07 Miles has remained largely untouched presenting a subsequent buyer to achieve significant upside though curing deferred maintenance and renovating unit interior and exteriors to the modern taste of the a 90255 Zip Code Renter. Given that the area is predominately made up of single-family residences, there is a growing demand for renovated affordable housing in Huntington Park. Beyond the 6703-07 Miles physical plant, the Huntington Park submarket is experiencing a rapid revitalization. With its current untouched state and substantial potential for increased rental income, 6703-07 Miles Avenue stands as an attractive investment opportunity in an area poised for growth.
Listing description from the October 2023 sale, as reported to CRMLS.
Sale history