6817 Newell St, Huntington Park, CA 90255
- $650,000
- 5
- BD
- 3
- BA
- 1,941
- SqFt
- Sold Price
- $650,000
- List Price
- $650,000
- Closing Date
- Oct 03, 2022
- MLS#
- 22-160609
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 1,941
Property Description
MAJOR PRICE REDUCTION! We are pleased to present a Great Value-Add Opportunity located in a growing neighborhood of Huntington Park. This 3-Unit listing features a desirable single-story construction with TWO 2 Bedroom + 1 Bathroom units and ONE 1 Bedroom + 1 Bathroom unit. The property consists of a 1,941 Square Foot building on a 6,194 Square Feet Lot Zoned HPR1*. This investment property has so much room for improvement which includes a whopping 78% Rental Upside Potential. The current use makes this property eligible for a 30 year fixed residential financing. This triplex is located down the block from the Lucille Roybal Allard Elementary School. Tenants enjoy the convenience of being within walking distance to the Salt Lake Park and the city's Parks and Recreation. Close to many Shopping Centers within the immediate area. The property falls between Bell and Maywood. Short Commute to all the major freeways. PLEASE NOTE: All units are currently occupied, *NONE OF THE UNITS WILL BE DELIVERED VACANT* please do not disturb tenants.
Additional Information
- Year Built
- 1928
- Garage
- Parking Space
Mortgage Calculator
Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian. Selling Office: .
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