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Multifamily

6207 Middleton St

6207 Middleton St, Huntington Park, CA 90255

Listing Price: $2,450,000

Cap Rate
5.23%
Number of Units
12
Occupancy
97.0%
Price/Unit
$204,167
Price/Gross SF
$301.72
Gross SF
8,120

Investment Overview

Marcus & Millichap is pleased to present 6207 Middleton St, a 12 unit multifamily investment opportunity in Huntington Park, California. The property currently has five vacant units, allowing an investor to come in to renovate and rent out the remaining units at market rate. Of the occupied units, rents are approximately 23% below market on average, allowing further rental upside. 6207 Middleton St. consists of a single 1959 constructed building with 10 one-bedroom units, one two bed/1 bath unit, and one two bed/2 bath master sized units. All the units on the property are larger than average for Huntington Park, allowing an investor to charge higher than average rental rates for the area. The property is separately metered for gas and electricity and offers approximately 10 on-site gated parking spaces. The property is located within a block of Linda Esperanza Marquez High School, and Middleton St. Elementary school. It is also within three blocks of the local Food 4 Less, making it an ideal location for tenants to rent within Huntington Park.

Investment Highlights

  • Value-Add opportunity with 5 units currently vacant, and 23% upside in current occupied units
  • 10 gated tuck-under parking spaces
  • Larger than average unit size- One bedroom units are larger than average and have a naturally open floor plan allowing an investor to achieve higher than market rents
  • Ideal commuter location for tenants- Easy accessibility to major employment hubs
  • Separately metered for gas and electricity

Exclusively Listed By

Listing Price: $2,450,000

Cap Rate
5.23%
Number of Units
12
Occupancy
97.0%
Price/Unit
$204,167
Price/Gross SF
$301.72
Gross SF
8,120

Investment Highlights

  • Value-Add opportunity with 5 units currently vacant, and 23% upside in current occupied units
  • 10 gated tuck-under parking spaces
  • Larger than average unit size- One bedroom units are larger than average and have a naturally open floor plan allowing an investor to achieve higher than market rents
  • Ideal commuter location for tenants- Easy accessibility to major employment hubs
  • Separately metered for gas and electricity

Investment Overview

Marcus & Millichap is pleased to present 6207 Middleton St, a 12 unit multifamily investment opportunity in Huntington Park, California. The property currently has five vacant units, allowing an investor to come in to renovate and rent out the remaining units at market rate. Of the occupied units, rents are approximately 23% below market on average, allowing further rental upside. 6207 Middleton St. consists of a single 1959 constructed building with 10 one-bedroom units, one two bed/1 bath unit, and one two bed/2 bath master sized units. All the units on the property are larger than average for Huntington Park, allowing an investor to charge higher than average rental rates for the area. The property is separately metered for gas and electricity and offers approximately 10 on-site gated parking spaces. The property is located within a block of Linda Esperanza Marquez High School, and Middleton St. Elementary school. It is also within three blocks of the local Food 4 Less, making it an ideal location for tenants to rent within Huntington Park.

Exclusively Listed By

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