7117 Rugby Ave - Apartments FOR SALE


Huntington Park, CA 90255
$5,400,000 USD
310-592-8269
7117 Rugby Ave, Huntington Park, CA for Sale
$5,400,000 USD
Apartments - FOR SALE
1/15
null | 5.2% Cap Rate

7117 Rugby Ave
Huntington Park, CA 90255


HIGHLIGHTS

  • Rare Opportunity to Acquire a Mid-Sized, 30-Unit Asset with All 1-Bed Units
  • Recent Renovations to Infrastructure Including Plumbing
  • Well-Maintained Asset / Self-managed for Many years by Experienced Operator
  • Spacious Units Averaging 734 Square Feet
  • "Walker's Paradise" – 91 Walk Score – Daily Errands do not Require a Car, Walking Distance to Dining & Retail, Schools, Employment

OVERVIEW

Property Overview: Constructed in 1965, The Huntington is a well-maintained two-story apartment community comprising 30 units and totaling approximately 18,966 square feet. The property sits on a 22,040-square-foot lot (buyer to verify) and features exclusively one-bedroom, one-bathroom units in a variety of floor plans, averaging 734 square feet each. Amenities & Features: The building offers four on-site laundry rooms and 33 gated carport parking spaces, with 1 used for trash. Residents enjoy secure entry, wall-mounted A/C units, a meticulously landscaped courtyard garden, and generous floor plans. In addition to ample on-site parking, the property is conveniently located across the street from public parking. Upgrades & Condition: The Huntington has benefited from long-term, hands-on ownership by an experienced multifamily operator, ensuring a level of care and upkeep exceeding that of many third-party managers. The property was re-piped in 2019, and six units have been tastefully renovated with upgrades including new flooring, kitchen counters and cabinetry, sinks, stoves, bathroom vanities and tiles, as well as newer blinds, outlets, and switches. Location Highlights: Ideally positioned just one block from the Pacific Boulevard Shopping District, the property offers residents immediate access to a vibrant mix of retail, dining, and entertainment options. The surrounding neighborhood also provides a wide selection of schools, additional shopping, and restaurants within close proximity. Investment Opportunity: This well-cared-for asset presents a compelling value-add opportunity, with an estimated 30% potential upside in rental income through additional renovations and strategic management. Contact listing agent for offering memorandum. 7117 Rugby Ave. is being marketed together with 19 units at 6110 Seville Ave., also in Huntington Park. Properties can be acquired as a portfolio or separately.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

30

PRICE/UNIT

$180,000

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

30 Well-Maintained Units with 30% Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

18,966 SF

ZONING

HPR4YY

APN/PARCEL ID

6322-022-035

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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

Darin SpillmanKidder MathewsMore Info
310-592-8269

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