6146 Marbrisa Avenue, Huntington Park, CA 90255

$880,000
List Price
$880,000
Status
ACTIVE
MLS#
AR22000536
Year Built
1923
Lot Size
6,666
Acres
0.15
Lot Location
Item25UnitsAcre
Days on Market
18
Property Type
Multifamily
Stories
One Level

Property Description

We are pleased to present 6146 Marbrisa Avenue, a four(4) unit single-story multifamily investment property located in the highly desirable and centrally located city of Huntington Park, California. Each of the four units are comprised of one(1) bedroom and one(1) bathroom each with a large dining/family room area that can potentially be converted into an additional bedroom. This is the first time the property has been for sale in over twenty years, and new ownership has the ability to make improvements and substantially increase the revenue and cash-flow of the asset. Residents enjoy privacy with a fully gated lot as well as mature fruit and shade trees throughout the property. A central courtyard area allows for BBQ’s and time to relax. All tenants are currently on-time and have not had any issues during the pandemic. The parking is accessible in the rear of the property through an alley, and each unit enjoys one(1) open space parking. Each unit is separately metered for electricity and gas. This is an ideally located investment opportunity with being only five miles from Downtown Los Angeles and University of Southern California (USC) while also only eleven miles from Los Angeles International Airport (LAX). While being centrally located to all the benefits of living near L.A. there are no City of Los Angeles rent control restrictions, which are stricter than statewide restrictions. The asset is located near Santa Fe Avenue and Randolph Street in between Pacific Boulevard and Alameda Street. Numerous amenities are nearby including but not limited to: Starbucks, In N Out, Chase, Curacao, Bank of America, JC Penny, Tierra Mia Coffee and more. Huntington Park is near Vernon, Commerce and Downtown Los Angeles which provide many jobs to locals. Investment Highlights: Huge opportunity for making property improvements and increasing rental income! Ability to make each unit 2 bedroom + 1 bathroom Excellent location near Pacific Blvd and Randolph Street No City of Los Angeles Rent Control Restrictions Separately metered units for electricity and gas Long term tenants paying on-time Close to many jobs and in city of Vernon, Commerce and Downtown Los Angeles Only five (5) miles from Downtown Los Angeles Only five (5) miles from University of Southern California (USC) Short distance from everything Los Angeles has to offer including Staples Center, L.A. Live, Arts District, Olvera Street, Chinatown, Dodger Stadium

Additional Information

Appliances
Gas Range
Pool Description
None
Heat
Natural Gas
Cooling
Yes
Cooling Description
SeeRemarks
Sewer
Public Sewer
Water
Public
Interior Features
AllBedroomsDown
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$41,031
Operating Expense
19112

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Matthew Guerra from Listing Office: KW Executive

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.