2821 Randolph St - Apartments FOR SALE


Huntington Park, CA 90255
$2,700,000 USD
626-427-0786
2821 Randolph St, Huntington Park, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/8
null | 6.22% Cap Rate

2821 Randolph St
Huntington Park, CA 90255


HIGHLIGHTS

  • EXCELLENT PRICE PER UNIT!
  • Great Unit Mix: (4) 2-Bed/1-Bath & (10) 1-Bed/1-Bath
  • Tenants Enjoy: 19 Onsite Garage Parking Spaces, Private Gated Entry, & Onsite Laundry Facility
  • Prime Corner Location – Walking Distance to Shops, Dining & Schools
  • Walking distance to local shops
  • Units Separately Metered for Electricity & Gas

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

14

PRICE/UNIT

$192,857

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Reduced! 6.2% CAP & 10.81 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,887 SF

ZONING

HPCN-R3*

APN/PARCEL ID

6320009028

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.