Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Welcome to the vibrant neighborhoods of Vernon, Maywood, Huntington Park, and Bell, located in the heart of Los Angeles County, California. This dynamic region is known for its rich cultural diversity and a strong sense of community, making it an ideal place for families, young professionals, and anyone looking to enjoy the lively atmosphere of Southern California.

In this area, you'll find a variety of homes with apartment subtypes that cater to different lifestyles and budgets. Whether you're searching for a cozy studio apartment or a spacious multi-family home, the options are plentiful. Many properties feature modern amenities, open floor plans, and beautiful outdoor spaces, perfect for enjoying the warm California sun.

Vernon, a small but industrious city, is known for its proximity to major transportation routes, making it an excellent choice for those commuting to downtown Los Angeles or surrounding areas. Maywood and Bell are both charming neighborhoods that offer a mix of residential and commercial spaces, providing residents with convenient access to shops, restaurants, and parks. Huntington Park, with its vibrant community events and cultural offerings, boasts a lively atmosphere that welcomes everyone.

Living in this region means enjoying the best of urban living while still having access to green spaces and recreational activities. With a strong sense of community and a variety of housing options, Vernon, Maywood, Huntington Park, and Bell are truly neighborhoods where you can thrive. Explore the opportunities that await you in this beautiful part of California!

Newest Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

$1,625,000
CV26099601 MLS Active Status
We are proud to present 6200 Malabar Street – a 7-unit multifamily property located in the heart of Huntington Park, CA. Huntington Park is located within LA County’s Southeast region just 7-miles outside of DTLA, centered between the 710-, 5-, and 110-freeways. The property is located within a 10-mile drive to major employment hubs like City of Vernon, City of Commerce, and DTLA. Locally, tenants enjoy being just steps from Pacific Blvd – Huntington Park’s heaviest retail corridor providing access to a variety of retailers, convenience stores, and places to dine. Tenants also enjoy convenient access to big name retailers within a 3-mile drive like Target, Home Depot, Northgate Market, and Several Local Parks and Schools. The property offers 7 single-story, ground-level apartments, consisting of 4, 1-Bedroom and 3, 2-Bedroom units. The property sits on a 7,500+ SF lot and, in addition to housing, offers on-site garage parking and a community laundry room – all income generating attributes that are sparse for tenants in the area. The property currently generates over +/-$155,000 in rental income, with an additional +/-$5,400 of revenue via rentable garages and a shared laundry facility. With a total annual revenue of +/-$161,000, a new investor will benefit from a current 7.03% CAP Rate and 10.08 GRM. A new investor also has the rare opportunity to assume the existing debt of +/-$982,000 at a below market interest rate of 3.45%, which is fixed until mid-2029. The deal boasts an impressive in-place 8.77% Cash-on-Cash return with the assumption of the current debt.

6200 Malabar, Huntington Park

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.