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2616 Broadway 8 Unit Apartment Building $1,575,000 ($196,875/Unit) 5.18% Cap Rate Huntington Park, CA 90255
Executive Summary
Look No Further! Introducing 2616 Broadway Ave! Excellent opportunity to own an 8-unit multifamily property in the heart of Huntington Park. Situated on an 8,982 SF lot with approximately 5,317 SF of building area, this income-producing property features a desirable unit mix of (1) 2-bedroom/1.5-bath unit, (5) 1-bedroom/1-bath units, and (2) studio units.
Currently generating approximately $10,450 per month in rental income, the property offers immediate cash flow with upside potential through future rent growth. Conveniently located near shopping, schools, public transportation, and major freeways, making it an attractive option for tenants and investors alike.
Whether you’re looking to expand your portfolio or acquire your first multifamily property, this is a great opportunity to own a well-located asset with strong long-term potential.
Currently generating approximately $10,450 per month in rental income, the property offers immediate cash flow with upside potential through future rent growth. Conveniently located near shopping, schools, public transportation, and major freeways, making it an attractive option for tenants and investors alike.
Whether you’re looking to expand your portfolio or acquire your first multifamily property, this is a great opportunity to own a well-located asset with strong long-term potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$82,000
|
$14.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $82,000 |
| Annual Per SF | $14.48 |
Property Facts
| Price | $1,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $196,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.18% | Building Size | 5,662 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | LCR305 | ||
| Price | $1,575,000 |
| Price Per Unit | $196,875 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,662 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | LCR305 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6202-010-005 | Improvements Assessment | $295,451 |
| Land Assessment | $206,813 | Total Assessment | $502,264 |
Property Taxes
Parcel Number
6202-010-005
Land Assessment
$206,813
Improvements Assessment
$295,451
Total Assessment
$502,264
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