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Multifamily

711 Harding

711 Harding Ave, East Los Angeles, CA 90022

Listing Price: $855,000

Cap Rate
2.52%
Number of Units
3
Price/Unit
$285,000
Price/Gross SF
$362.44
Gross SF
2,359

Investment Overview

Marcus & Millichap is pleased to present to market 711 Harding Avenue, a true value-add opportunity with over 50 percent rental upside in a great East Los Angeles location central to retail corridors, schools, and freeways. The asset offers a desirable mix of a three-bedroom/one-bath home and a duplex with one-bedroom/one-bath units. The units are separately metered for gas and electricity. The property also features on-site laundry, three carport parking spaces, and the front home has a fenced front yard. 711 Harding Avenue is in a great location just around the corner from Joseph Gascon Elementary School, one block to Eastmont Intermediate School, and within walking distance of the major national retailers at Commerce Shopping Center, which include Starbucks, Target, Ross, an El Super grocery store, WaBa Grill, Wells Fargo, and many others. This is offering is the first time 711 Harding Avenue has been on the market in over 50 years and presents an excellent value-add opportunity with a great unit mix in a strong rental location.

Investment Highlights

  • True Value-Add Opportunity With Over 50 Percent Potential Upside in Rents
  • Desirable Mix of a Three-Bedroom House and a Duplex With One-Bedroom Units
  • Great East LA Location Central to Retail, Schools, and Freeways; Walkable to Major Retailers Such as Target, Ross, and Starbucks, and Less Than a Mile From the Montebello Country Club
  • First Time on the Market in 50 Years

Exclusively Listed By

Listing Price: $855,000

Cap Rate
2.52%
Number of Units
3
Price/Unit
$285,000
Price/Gross SF
$362.44
Gross SF
2,359

Investment Highlights

  • True Value-Add Opportunity With Over 50 Percent Potential Upside in Rents
  • Desirable Mix of a Three-Bedroom House and a Duplex With One-Bedroom Units
  • Great East LA Location Central to Retail, Schools, and Freeways; Walkable to Major Retailers Such as Target, Ross, and Starbucks, and Less Than a Mile From the Montebello Country Club
  • First Time on the Market in 50 Years

Investment Overview

Marcus & Millichap is pleased to present to market 711 Harding Avenue, a true value-add opportunity with over 50 percent rental upside in a great East Los Angeles location central to retail corridors, schools, and freeways. The asset offers a desirable mix of a three-bedroom/one-bath home and a duplex with one-bedroom/one-bath units. The units are separately metered for gas and electricity. The property also features on-site laundry, three carport parking spaces, and the front home has a fenced front yard. 711 Harding Avenue is in a great location just around the corner from Joseph Gascon Elementary School, one block to Eastmont Intermediate School, and within walking distance of the major national retailers at Commerce Shopping Center, which include Starbucks, Target, Ross, an El Super grocery store, WaBa Grill, Wells Fargo, and many others. This is offering is the first time 711 Harding Avenue has been on the market in over 50 years and presents an excellent value-add opportunity with a great unit mix in a strong rental location.

Exclusively Listed By

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