15
See all 15 photos
$4,100,000
Est. payment /mo
6,424 SqFt
Pending
6815 Seville Avenue Huntington Park, CA 90255
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,424 sqft
Price per Sqft $638
MLS Listing ID CL25550965
HOA Y/N No
Year Built 1949
Lot Size 5,928 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
Price Reduction! 100% Fully Renovated 16-unit building cash flowing at an amazing 7.5% Cap Rate and 9.8 GRM from day 1! The offering provides investors with a turnkey opportunity to purchase a premium asset where every single unit was vacated, completely renovated and leased at market rent. It features an attractive and easy to rent unit mix of (16) well-designed One-Bedroom | One-Bathroom units (2 vacant). The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. The property has seen a complete restoration, down to every inch. Overall systems were updated with new copper plumbing in units, new electrical sub-panels in units, new HVAC systems, new water heaters, and brand-new windows in each unit. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets and modern countertops. The bathrooms boast new vanities and modern fixtures along with sleek bathtubs. The location is in the heavily sought-after Huntington Park and is poised to capitalize on the tremendous momentum in the immediate area and neighboring Downtown. Given the property's location and strong income metrics, it
Location
State CA
County Los Angeles
Zoning HPCP
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 6322016009
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Listed by Armin Soleimani • Global Platinum Properties, Inc.
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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