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6822 Marbrisa Avenue, Huntington Park, CA 90255$2,100,000

10
beds
--
bath
5424
ft2
· 16980
ft2 lot
$387 / ft2

Listing provided courtesy of Oscar Diaz, Marcus & Millichap
Source CRMLS;
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We are pleased to present an exciting investment opportunity at 6822 Marbrisa Avenue, a 9-unit multifamily property located in Huntington Park, California. This Southeast Los Angeles submarket serves a large, dense rental pool, and has one of the lowest vacancy rates in the Los Angeles area. The property itself offers nearly 5,424 square feet of living space across a renter-friendly,single-story layout featuring eight one-bedroom/one-bath units and an additional two-bedroom/one-bath unit. Units sit on a 16,980 square foot corner lot, organized into six separate structures: three duplexes and three standalone units. There is also ample onsite enclosed garage parking. Investors will have the opportunity to implement a systematic renovation program focused on revenue generating improvements. They can then reposition the property among market leaders and increase rental income by approximately 39.1% percent. It is also conveniently located close to a developed shopping district with many national retailers and gives tenants easy access to I-710 and I-5 freeways.

HOA

No HOA

On market

5 months

Year built

1926

Property type

Multi-Family

Parking

9

MLS

22193674

Price / Sq.Ft.

$387 / ft2

Status

Active

Buyer’s Brokerage Commission

2.5%

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Home details for 6822 Marbrisa Avenue

Interior Features & Layout
Bathrooms Info
•   
Total Bathrooms: 9
Property, Lot, Community & Exterior Features
Multi-Unit Info
•   
Number Of Units Total: 9
Parking Info
•   
Garage Spaces: 9.0
•   
Garage: true
•   
Parking Spaces: 9.0
Community Info
•   
Number Of Buildings: 7
Lot Info
•   
Zoning Type: HRP3*
•   
Lot Size Area: 16980.0
•   
Acres: 0.3898
•   
Lot Size Units: Square Feet
Building Info
•   
Total Sq. Ft.: 5424.0
•   
MLS Property Type: Residential Income
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Income: 112020.0
Lease Info
•   
Net Operating Income: 52351.0
Listing Details
•   
Status: Active
•   
Originating System Name: CRMLS
Tax/Assessment Info
•   
APN: 6321024026
School Neighborhood & Directions
Location
•   
Zip Code: 90255
•   
Area: T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
•   
Zip Code +4: 3709
•   
Directions: Located near the major intersection of Pacific Boulevard and Florence Avenue. Conveniently located close to a developed shopping district with many national retailers and gives tenants easy access to I-710 and I-5 freeways.
•   
Country: US

Property History for 6822 Marbrisa Avenue

08/25/2022
08/25/2022
CRMLS #22193674
active
CRMLS #22193674
$2,100,000

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