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2821 Randolph St
Huntington Park, CA 90255
Price Reduced! 6.2% CAP & 10.81 GRM · Multifamily Property For Sale
·
14 Units
Investment Highlights
- EXCELLENT PRICE PER UNIT!
- Tenants Enjoy: 19 Onsite Garage Parking Spaces, Private Gated Entry, & Onsite Laundry Facility
- Walking distance to local shops
- Great Unit Mix: (4) 2-Bed/1-Bath & (10) 1-Bed/1-Bath
- Prime Corner Location – Walking Distance to Shops, Dining & Schools
- Units Separately Metered for Electricity & Gas
Executive Summary
Price Reduced! Kristopher German of The Apartment Dealer is pleased to offer an exceptional opportunity to acquire a 14-unit apartment community in the city of Huntington Park, now offering an attractive 6.2% CAP Rate and 10.8 GRM. The improved pricing provides investors with strong day-one cash flow at an attractive price per unit, along with significant potential to increase returns through an estimated 30% upside in rental income.
The property features an excellent unit mix consisting of four 2-Bed/1-Bath units and ten 1-Bed/1-Bath units, providing desirable floor plans that support consistent tenant demand. Offering approximately 9,160 rentable square feet on a 13,887 sq. ft. lot, the property occupies a prime corner location within walking distance to shopping, dining, and schools.
Tenants enjoy an impressive 19 onsite garage parking spaces, a particularly valuable amenity in the Huntington Park rental market, along with private gated entry and an onsite laundry facility. These features enhance the property's overall rental appeal and provide added convenience for residents.
The property features an excellent unit mix consisting of four 2-Bed/1-Bath units and ten 1-Bed/1-Bath units, providing desirable floor plans that support consistent tenant demand. Offering approximately 9,160 rentable square feet on a 13,887 sq. ft. lot, the property occupies a prime corner location within walking distance to shopping, dining, and schools.
Tenants enjoy an impressive 19 onsite garage parking spaces, a particularly valuable amenity in the Huntington Park rental market, along with private gated entry and an onsite laundry facility. These features enhance the property's overall rental appeal and provide added convenience for residents.
Property Facts
| Price Per Unit | $192,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.22% | Building Size | 13,282 SF |
| Gross Rent Multiplier | 10.81 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | HPCN-R3* | ||
| Price Per Unit | $192,857 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| Gross Rent Multiplier | 10.81 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 13,282 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | HPCN-R3* |
Amenities
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,525 | - |
| 2+1 | 4 | $1,177 | - |
Property Taxes
| Parcel Number | 6320-009-028 | Improvements Assessment | $670,301 |
| Land Assessment | $1,639,896 | Total Assessment | $2,310,197 |
Property Taxes
Parcel Number
6320-009-028
Land Assessment
$1,639,896
Improvements Assessment
$670,301
Total Assessment
$2,310,197
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