6215 Cedar St

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Address: 6215 Cedar St, Huntington Park, California, US
Created date: March 21, 2024
Date last updated: March 21, 2024
  • Five unit building in the front and a three unit property in the rear
  • New double pane vinyl windows installed throughout the entirety of the two buildings
  • Subject to AB 1482 rent control - Huntington Park has no municipal rent control
  • Four of the ten units have been fully rehabbed including new vinyl plank flooring, new kitchens, and new bathrooms
  • Protentional to add two ADU's where the existing tuck under parking is
  • Located in a qualified opportunity zone

Property Description

Young Lewin Advisors is pleased to present to market as the exclusive listing agent 6215 Cedar St. a 10 unit apartment building located in Huntington Park. The property consists of two separate buildings, a seven unit in the front and a three unit in the rear with five garage spaces (one is a double car garage) underneath the building. Nine of the units are 1 bed/1 bath and one is a 2 bed/1 bath. There is community laundry on site with leased machines. Over the past few years the current ownership has fully renovated four of the one bedroom units and replaced all windows with new double pane vinyl style throughout the buildings. Rents for the unrenovated units are nearly 45% below market rate, allowing substantial upside for a new investor.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,050,000
No. of Units: 10
Average Occupancy: 4.91
Year Built: 1940
Lot Size: 0.18 Sq ft
Opportunity Zone: No
Price per unit: $205,000
Property Website Click Here
Address: 6215 Cedar St, Huntington Park, CA 90255, USA
Provided by:

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