6713 MIDDLETON Street, Huntington Park, CA 90255
Property · 2 recorded sales since 2018
Sold February 2020
Listing Agent: Roderick 'Rick' Raymundo (DRE #01357019) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap · MLS #19529648 · Source: CRMLS
About this property
At the same time, the new owner may be able to avoid otherwise costly deferred maintenance items, such as seismic retrofit repairs (Buyer to verify). The property features a large open parking lot with plenty of parking, which may help an investor to collect a premium on rents for the one bedroom units. The building sits among a neighborhood of low-density residential properties, but provides convenient access to the numerous industrial centers within the nearby City of Vernon. This large employment hub helps to draw tenants to the area, where favorable vacancy rate trends have helped to provide some of the most positive rent growth in the entire Los Angeles Metro area. The rental income is supplemented by an additional income stream earned via the on-site laundry facilities. Multiple schools are within walking distance of the property, while Santa Fe Avenue offers many shopping destinations for tenants just one block away.
Listing description from the February 2020 sale, as reported to CRMLS.
Sale history
