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9 Units New Electrical Upgrade 2938 E 60th Pl 9 Unit Apartment Building $1,945,000 ($216,111/Unit) 5.92% Cap Rate Huntington Park, CA 90255
Investment Highlights
- Value-Add Opportunity: Over 25% Rental Upside
- Fully upgraded electrical system as of early November 2025
- Situated close to employment centers of Vernon and Downtown L.A.
- Superb unit mix of three 3 bed, 1.5 bath and six 2 bed, 1 bath units
- High-density, high-demand infill rental submarket
Executive Summary
Additional price reduction!
We are pleased to offer for sale a 9 unit apartment building in the city of Huntington Park.
The asset consists of three 3 bedroom-1.5 bathroom and six 2 bedroom-1 bathroom units. This offering presents an opportunity for an investor to add value through management and rehabilitation in a high-density, high-demand in-fill rental market.
Situated in a very attractive, quiet pocket of Huntington Park, the building has 9 carport spaces, on-site laundry, and is separately metered for gas and electricity.
The city of Huntington Park is centrally located close to the employment centers of Vernon and Downtown Los Angeles. The property enjoys close proximity to Pacific Boulevard, the city’s main retail corridor and boasts a Walk Score of 94.
Seller upgraded the electrical system with permits in 2025.
We are pleased to offer for sale a 9 unit apartment building in the city of Huntington Park.
The asset consists of three 3 bedroom-1.5 bathroom and six 2 bedroom-1 bathroom units. This offering presents an opportunity for an investor to add value through management and rehabilitation in a high-density, high-demand in-fill rental market.
Situated in a very attractive, quiet pocket of Huntington Park, the building has 9 carport spaces, on-site laundry, and is separately metered for gas and electricity.
The city of Huntington Park is centrally located close to the employment centers of Vernon and Downtown Los Angeles. The property enjoys close proximity to Pacific Boulevard, the city’s main retail corridor and boasts a Walk Score of 94.
Seller upgraded the electrical system with permits in 2025.
Property Facts
| Price | $1,945,000 | Apartment Style | Low-Rise |
| Price Per Unit | $216,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.92% | Building Size | 7,650 SF |
| Gross Rent Multiplier | 10.83 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 1.18/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | HPR3YY - Five Or More Units Or Apartments | ||
| Price | $1,945,000 |
| Price Per Unit | $216,111 |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| Gross Rent Multiplier | 10.83 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,650 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | HPR3YY - Five Or More Units Or Apartments |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6310-022-007 | Improvements Assessment | $682,055 |
| Land Assessment | $475,402 | Total Assessment | $1,157,457 |
Property Taxes
Parcel Number
6310-022-007
Land Assessment
$475,402
Improvements Assessment
$682,055
Total Assessment
$1,157,457
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9 Units New Electrical Upgrade | 2938 E 60th Pl
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