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2724 East 58th Street

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Address: 2724 E 58th St, Huntington Park, CA 90255, USA

California & West + Apartment Buildings

Created date: August 12, 2024

Date last updated: October 12, 2024

$198,750 per Unit
$281 per Square Foot
Massive Rental Upside From Long-Term Owner
8.6% Cap Rate on Market Rents
Phenomenal Rental Area
Garage Parking

Property Description

Morgan Skenderian is pleased to present 2724 East 58th Street, Huntington Park, an 8-unit apartment building. Built in 1941 and comprised of 100% 1-bedroom/1-bath floor plans, this offering presents significant rental upside potential, with a favorable $198,750 per unit and $281 per square foot, complemented by garage parking and a desirable 8.6% cap rate on market rents. Situated in a phenomenal rental area, this property represents an attractive prospect for an investor seeking an established income-generating asset.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,590,000
No. of Units:	8
Average Occupancy:	4.91
Year Built:	1941
Lot Size:	0.15 Sq ft
Opportunity Zone:	No
Price per unit:	$198,750
Property Website	Click Here