Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

Welcome to the vibrant neighborhoods of Vernon, Maywood, Huntington Park, and Bell, located in the heart of Los Angeles County, California. This dynamic region is a perfect blend of rich cultural diversity, urban amenities, and community spirit, making it an ideal place for families, young professionals, and investors alike.

Vernon, known for its industrial roots, is a thriving hub with a unique charm. Just a stone's throw away, Maywood offers a close-knit community feel, with tree-lined streets and local parks that invite outdoor activities. Huntington Park, with its bustling markets and lively atmosphere, is a melting pot of cultures, showcasing a variety of cuisines and traditions. Meanwhile, Bell boasts a family-friendly environment, with excellent schools and recreational facilities that cater to residents of all ages.

For those seeking homes with an apartment subtype, this region presents an exciting opportunity. Many properties here feature spacious layouts that accommodate multi-generational living or provide rental income potential. Imagine owning a charming duplex or triplex nestled in a friendly neighborhood, where you can enjoy the comforts of home while also benefiting from the vibrant rental market.

With easy access to major highways and public transportation, commuting to downtown Los Angeles or nearby job centers is a breeze. The area is also rich in local amenities, including shopping centers, restaurants, and parks, ensuring that everything you need is just around the corner.

Explore the possibilities in Vernon, Maywood, Huntington Park, and Bell, where your dream home awaits amidst a thriving community and endless opportunities!

Newest Vernon, Maywood, Hunt Pk & Bell, N of Florenc (T1) Homes with Apartment Subtype

$1,625,000
CV26099601 MLS Active Status
We are proud to present 6200 Malabar Street – a 7-unit multifamily property located in the heart of Huntington Park, CA. Huntington Park is located within LA County’s Southeast region just 7-miles outside of DTLA, centered between the 710-, 5-, and 110-freeways. The property is located within a 10-mile drive to major employment hubs like City of Vernon, City of Commerce, and DTLA. Locally, tenants enjoy being just steps from Pacific Blvd – Huntington Park’s heaviest retail corridor providing access to a variety of retailers, convenience stores, and places to dine. Tenants also enjoy convenient access to big name retailers within a 3-mile drive like Target, Home Depot, Northgate Market, and Several Local Parks and Schools. The property offers 7 single-story, ground-level apartments, consisting of 4, 1-Bedroom and 3, 2-Bedroom units. The property sits on a 7,500+ SF lot and, in addition to housing, offers on-site garage parking and a community laundry room – all income generating attributes that are sparse for tenants in the area. The property currently generates over +/-$155,000 in rental income, with an additional +/-$5,400 of revenue via rentable garages and a shared laundry facility. With a total annual revenue of +/-$161,000, a new investor will benefit from a current 7.03% CAP Rate and 10.08 GRM. A new investor also has the rare opportunity to assume the existing debt of +/-$982,000 at a below market interest rate of 3.45%, which is fixed until mid-2029. The deal boasts an impressive in-place 8.77% Cash-on-Cash return with the assumption of the current debt.

6200 Malabar, Huntington Park

Start Your Search

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.