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SOLD 10/1/2021

6207 Middleton Street, Huntington Park, CA 90255$2,300,000

5
beds
4
baths
8120
ft2
· 7531
ft2 lot
$302 / ft2

Listing provided courtesy of Listing Broker: Jackson Jorgensen, Marcus & Millichap
Source CRMLS;
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Marcus & Millichap is pleased to present 6207 Middleton St, a 12 unit multifamily investment opportunity in Huntington Park, California. The property currently has five vacant units, allowing an investor to come in to renovate and rent out the remaining units at market rate. Of the occupied units, rents are approximately 23% below market on average, allowing further rental upside. 6207 Middleton St. consists of a single 1959 constructed building with 10 one-bedroom units, one two bed/1 bath unit, and one two bed/2 bath master sized units. All the units on the property are larger than average for Huntington Park, allowing an investor to charge higher than average rental rates for the area. The property is separately metered for gas and electricity and offers approximately 10 on-site gated parking spaces. The property is located within a block of Linda Esperanza Marquez High School, and Middleton St. Elementary school. It is also within three blocks of the local Food 4 Less, making it an ideal location for tenants to rent within Huntington Park.

HOA

$—/month

On market

2 months

Year built

1959

Property type

Multi-Family

Parking

10

MLS

PW21136740

Price / Sq.Ft.

$302 / ft2

Status

Closed

Home details for 6207 Middleton Street

Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 8120.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: HPR4YY
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Walkstreet
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1729
•   
Lot Size Area: 7531.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 12
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 12
•   
Number Of Separate Gas Meters: 12
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 8000.00
•   
Vacancy Allowance Rate: 3.00
•   
Trash Expense: 1000.00
•   
New Taxes Expense: 34142.00
•   
Insurance Expense: 3600.00
•   
Vacancy Allowance: 6003
•   
Professional Management Expense: 9705.00
•   
Total Expenses: 66047.00
•   
Gross Scheduled Income: 200100.00
•   
Tax Block: 10
•   
Operating Expense: 67441.00
Tax/Assessment Info
•   
Gross Income: 200100.00
•   
Tax Year: 2020
•   
Taxes: 8344.1
Lease Info
•   
Net Operating Income: 128050.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 0.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1450.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1450.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 10
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 8.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 7200.00
•   
Unit 1 Total Rent: 7200.00
Multi Unit Information
•   
# Of Units: 3
School Neighborhood & Directions
Location
•   
Community Features: Suburban
School Info
•   
Directions: South of Randolph
Other
Calculation
•   
Dom: 76
•   
Cdom: 76

Neighborhood snapshot

Flyhomes
California
Los Angeles
South Gate
Huntington Park
28
Properties for sale
12
Median days on market
$369.30
Median sold price/sqft
100.13%
Sold/List %
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walk score® :

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Property History for 6207 Middleton Street

10/04/2021
10/04/2021
Public Record
sold
Public Record
$2,300,000
--6.12%
10/01/2021
10/01/2021
CRMLS #PW21136740
sold
CRMLS #PW21136740
$2,450,000
07/19/2021
07/19/2021
CRMLS #PW21136740
active
CRMLS #PW21136740
$2,450,000
--3.92%
06/23/2021
06/23/2021
CRMLS #PW21136740
active
CRMLS #PW21136740
$2,550,000

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