2538-2540 Hill Street

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Address: 2538-2540 Hill Street, Huntington Park, California, US
Created date: February 20, 2024
Date last updated: February 20, 2024
  • Majority 1-bedroom units
  • Largest parcel in neighborhood
  • Surrounded by SFR and residential apartments
  • Not subject to LA City rent control
  • 65% upside potential in rental income

Property Description

This property is situated near the intersection of Broadway/Pacific in South Huntington Park, close to Walnut Park. It offers a total of 5 one-bedroom units, plus a non-conforming studio and a non-conforming additional room providing a diverse range of rental options to cater to various tenant needs.The property boasts two separate buildings. The front structure is a single-story building, emphasizing accessibility and convenience, while the rear building stands as a two-story edifice, offering versatility in accommodating diverse tenant preferences. This property benefits from its strategic location within a harmonious mix of smaller apartment complexes and single-family residences. This positioning ensures a vibrant and stable rental market. Residents also enjoy the added convenience of on-site laundry facilities discreetly placed at the rear of the building, underscoring our dedication to tenant satisfaction. Notably, this property stands out with one of the largest parcels in the area, translating into a notably spacious and comfortable living environment for tenants. To further enhance its appeal, the property features an inviting patio area situated at the front of the primary building, providing residents with a serene and pleasant outdoor space to enjoy. Furthermore, this property presents significant potential for increased rental income. Strategic investments in fixtures and overall aesthetics provide ample room for substantial growth in rental revenue, ultimately enhancing its long-term profitability. In summary, this property represents an exceptional investment opportunity, offering a harmonious blend of practicality, growth potential, and tenant satisfaction.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $988,000
No. of Units: 5
Year Built: 1950
Lot Size: 8,779.00 Sq ft
Opportunity Zone: No
Price per unit: $197,600
Property Website Click Here
Address: 2538 Hill St, Huntington Park, CA 90255, USA
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