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$4,488,888
32 Beds ⋅ 16 Baths ⋅ 26990161 MLS ⋅ Active Status
We are pleased to present 3700-3718 E. 61st Street, a 15+1 NC unit multifamily investment opportunity in Huntington Park, situated on an expansive 22,730SF corner lot at E. 61st Street and Loma Vista Avenue. The property offers a unique and diversified structural composition rarely found in a single offering, comprised of a front corner duplex and rear duplex at 3700 E. 61st Street, along with three separate 4-unit, two-story structures at 3710, 3714, and 3718 E. 61st Street, providing a new owner with a varied unit mix spread across four distinct structures. Significant value-add potential exists through the conversion of the property's existing exterior carport structures into ADUs, an opportunity supported by the large double-lot configuration and ample on-site parking (buyer to verify feasibility). Each of the three 4-unit buildings features its own dedicated onsite laundry room with a washer, dryer, and dedicated water heater, providing tenant convenience and an additional income stream with upside potential through owner-operated machines. The property offers approximately 16 total parking spaces, including 12 carport spaces serving the three 4-unit buildings and 3 additional carport spaces plus a single-car garage at the 3700 parcel, along with 12 private storage units located above the carports, a rare amenity in the submarket. Offered at $4,488,888 ($299,259/unit), the offering reflects a 7.44% current cap rate and 9.36 GRM on in-place income, with approximately 7% rental upside to market driving a 7.88% proforma cap rate and 8.74 GRM. All four structures are separately metered for gas and electricity, simplifying ownership and reducing owner-paid utility expense exposure. Located in Huntington Park, a dense, high-demand rental submarket in southeast Los Angeles County characterized by limited owner-occupant turnover and consistent multifamily tenant demand.

3700 E 61st Street, Huntington Park
$1,550,000
DW26089005 MLS ⋅ Active Status
Great opportunity to own an updated 4-unit residential income property in the heart of Huntington Park. This property offers a strong unit mix with one 4 bed/ 3 bath unit, one 3 bed/2 bath unit, and two 2 bed/2 bath units located above the garage area. The property qualifies for FHA financing, making it a great option for an owner-user looking to live in one unit and rent the others, or an investor seeking a solid income-producing asset. The property also features two empty garages with potential to be converted into an ADU, adding even more future rental upside. Additional highlights include separate gas and electric meters, and a generous lot size. Conveniently located across from Huntington Park High School and near parks, shopping, restaurants, Target, Costco, public transportation, and easy access to the 710, 5, 605, and 105 freeways. A great value-add opportunity with strong rental potential in a busy and desirable rental market. Buyer and buyer’s agent to verify all information, permits, zoning, ADU potential, square footage, and financing eligibility.

2918 Randolph, Huntington Park

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.