6822 Marbrisa Ave, Huntington Park, CA 90255
- $1,700,000
- 10
- BD
- 9
- BA
- 5,424
- SqFt
- Sold Price
- $1,700,000
- List Price
- $2,100,000
- Closing Date
- Jul 18, 2023
- MLS#
- 22-193674
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 10
- Bathrooms
- 9
- Living Area
- 5,424
Property Description
We are pleased to present an exciting investment opportunity at 6822 Marbrisa Avenue, a 9-unit multifamily property located in Huntington Park, California. This Southeast Los Angeles submarket serves a large, dense rental pool, and has one of the lowest vacancy rates in the Los Angeles area. The property itself offers nearly 5,424 square feet of living space across a renter-friendly,single-story layout featuring eight one-bedroom/one-bath units and an additional two-bedroom/one-bath unit. Units sit on a 16,980 square foot corner lot, organized into six separate structures: three duplexes and three standalone units. There is also ample onsite enclosed garage parking. Investors will have the opportunity to implement a systematic renovation program focused on revenue generating improvements. They can then reposition the property among market leaders and increase rental income by approximately 39.1% percent. It is also conveniently located close to a developed shopping district with many national retailers and gives tenants easy access to I-710 and I-5 freeways.
Additional Information
- Year Built
- 1926
- Garage
- Garage Is Detached
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Courtesy of Marcus & Millichap, Oscar Diaz. Selling Office: .
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