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Multifamily

2963 Randolph

2963 Randolph St, Huntington Park, CA 90255

Listing Price: $1,750,000

Cap Rate
4.57%
Number of Units
7
Price/Unit
$250,000
Price/Gross SF
$542.64
Gross SF
3,225

Investment Overview

Marcus & Millichap is pleased to present 2963 Randolph St, a turnkey 7 unit multifamily property located in Huntington Park, CA. This property is not subject to Los Angeles' Rent Control Laws (RSO), but it is subject to California's less strict AB-1482. Built in 1923 and fully renovated in 2021, this 3,225 square foot building sits on a 0.17 Acre lot, and it is comprised of (2) Singles and (5) 1 Bed / 1 Bath units. Also, the sellers have preliminary plans drawn to add one unit through the ADU program. Huntington park is nestled just five miles south of Downtown Los Angeles, and it is a vibrant suburb offering the serenity of a residential community paired with the excitement of city living. Huntington Park’s main commercial thoroughfare is Pacific Boulevard, which is bustling with an array of diverse eateries, shops, cafes, theaters, and so much more. Pacific Boulevard exudes an urban vibe, with rows of buildings brimming with historic character in a walkable environment. Huntington Park affords residents access to year-round outdoor activities, containing more than 31 acres of total park space—including playgrounds, picnic areas, athletic facilities, a skate park, and more. The city’s residential streets tout a wide variety of homes along tranquil tree-lined avenues. Close proximity to the 710, 110, and 105 freeways makes getting around from Huntington Park, also known as “The City of Perfect Balance,” simple.

Investment Highlights

  • Built in 1923 w/ Renovations
  • Preliminary Plans for an ADU
  • Approx. 17% Upside in Rents
  • Not Subject to LA Rent Control
  • Only Subject to CA's AB-1482
  • Strong Cash on Cash Return
  • Attractive Interest Only Loan
  • 80 Walk Score

Exclusively Listed By

Financing By

Listing Price: $1,750,000

Cap Rate
4.57%
Number of Units
7
Price/Unit
$250,000
Price/Gross SF
$542.64
Gross SF
3,225

Investment Highlights

  • Built in 1923 w/ Renovations
  • Preliminary Plans for an ADU
  • Approx. 17% Upside in Rents
  • Not Subject to LA Rent Control
  • Only Subject to CA's AB-1482
  • Strong Cash on Cash Return
  • Attractive Interest Only Loan
  • 80 Walk Score

Investment Overview

Marcus & Millichap is pleased to present 2963 Randolph St, a turnkey 7 unit multifamily property located in Huntington Park, CA. This property is not subject to Los Angeles' Rent Control Laws (RSO), but it is subject to California's less strict AB-1482. Built in 1923 and fully renovated in 2021, this 3,225 square foot building sits on a 0.17 Acre lot, and it is comprised of (2) Singles and (5) 1 Bed / 1 Bath units. Also, the sellers have preliminary plans drawn to add one unit through the ADU program. Huntington park is nestled just five miles south of Downtown Los Angeles, and it is a vibrant suburb offering the serenity of a residential community paired with the excitement of city living. Huntington Park’s main commercial thoroughfare is Pacific Boulevard, which is bustling with an array of diverse eateries, shops, cafes, theaters, and so much more. Pacific Boulevard exudes an urban vibe, with rows of buildings brimming with historic character in a walkable environment. Huntington Park affords residents access to year-round outdoor activities, containing more than 31 acres of total park space—including playgrounds, picnic areas, athletic facilities, a skate park, and more. The city’s residential streets tout a wide variety of homes along tranquil tree-lined avenues. Close proximity to the 710, 110, and 105 freeways makes getting around from Huntington Park, also known as “The City of Perfect Balance,” simple.

Exclusively Listed By

Financing By

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