6729-6731 Middleton St - Apartments FOR SALE


Huntington Park, CA 90255
$3,150,000 USD
213-864-2862
6729-6731 Middleton St, Huntington Park, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/19
null | 6.85% Cap Rate

6729-6731 Middleton St
Huntington Park, CA 90255


HIGHLIGHTS

  • 6.85% current cap rate / 7.22% Year 1 / 8.08% pro forma
  • 14 Parking Spots (6 garages + 6 open spaces + 2 car tandem driveway)
  • Opportunity Zone — major capital gains tax advantage
  • Two separate parcels — ideal for 1031 exchange
  • Individually metered gas & electric — tenants pay utilities
  • RUBS in place — owner recovers water/trash costs

OVERVIEW

Cash Flow! This investment offers an exceptional combination of strong in-place cash flow and future upside, featuring a current 6.85% cap rate, a projected 7.22% Year 1 cap rate, and an 8.08% pro forma cap rate. Priced at just $210,000 per unit, the property presents an attractive basis while also being located within an Opportunity Zone, offering potential capital gains tax advantages. The asset consists of two separate parcels, making it an ideal opportunity for a 1031 exchange buyer. Additional features include six garages, six open parking spaces, a tandem driveway, and no on-site manager requirement, further enhancing the property's operating efficiency.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$629 USD /SF

# OF UNITS

15

PRICE/UNIT

$210,000

CAP RATE

6.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Units in Huntington Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,037 SF

ZONING

HPR4YY

APN/PARCEL ID

6321-023-019

ASK ABOUT THIS PROPERTY

Pat SwansonStream Realty Partners, LPMore Info
213-864-2862

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Pat SwansonStream Realty Partners, LPMore Info
213-864-2862

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