6368 ARBUTUS AVE HUNTINGTON PARK, CA 90255

Features

• Price/sqft: $392
• Lot Size: 10556 sq. ft.
• Total Units: 10
• Total Rooms: 5
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5

Facts

• Year Built: 01/01/1929
• Property ID: 806212329
• MLS Number: 23-297359
• Parcel Number: 6319-007-024
• Property Type: Townhouse or Condo
• County: LOS ANGELES
• Legal Description: TRACT # 3158 N 90 FT OF LOT 20 AND N 90 FT MEASURED ON E LINE OF LOT/SEC 21 BLK/DIV/TWN 8
• Zoning: HPCN*
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Introducing the opportunity to acquire this 15-unit investment property in prime Huntington Park. The subject property is comprised of two separate parcels with a combined unit mix Fourteen 1 bedroom + 1 bath units and One commercial/retail storefront. The units are spread out among the two parcels with frontage on Arbutus Avenue and Gage Avenue for an aggregate lot size of almost 15,000 SF! Onsite garages are available for residential units and offer investors an opportunity to boost income by adding multiple ADUs per parcel (buyers to verify). The Arbutus Apartments offer plenty of upside potential in rental income to an investor looking for an immediate high dollar return with room to grow. Separately metered for gas and electricity. Tenants enjoy a close proximity to dining and shopping along Pacific Blvd and several area schools are a short distance away. The site is strategically located minutes to Downtown Los Angeles, Arts District, and easy access to the 710, 10, 5, 101, and 60 Freeways.