14
See all 14 photos
$4,495,000
Est. payment /mo
16 Beds
16 Baths
6,424 SqFt
New
6815 Seville AVE Huntington Park, CA 90255
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,424 sqft
Price per Sqft $699
MLS Listing ID 25550965
Bedrooms 16
HOA Y/N No
Year Built 1949
Lot Size 5,928 Sqft
Property Description
100% Fully Renovated 16-unit building cash flowing at an amazing 7% Cap Rate from day 1! The offering provides investors with a turnkey opportunity to purchase a premium asset where every single unit was vacated, completely renovated and leased at market rent. It features an attractive and easy to rent unit mix of (16) well-designed One-Bedroom | One-Bathroom units. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. The property has seen a complete restoration, down to every inch. Overall systems were updated with new copper plumbing in units, new electrical sub-panels in units, new HVAC systems, new water heaters, and brand-new windows in each unit. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets and modern countertops. The bathrooms boast new vanities and modern fixtures along with sleek bathtubs. The location is in the heavily sought-after Huntington Park and is poised to capitalize on the tremendous momentum in the immediate area and neighboring Downtown. Given the property's location and strong income metrics, it is an ideal investment for investors seeking immediate returns along with long-term wealth preservation and appreciation.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Zoning HPCPYY
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features On Street
Building
Story 2
Entry Level Two
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6322016009
Special Listing Condition Standard
Listed by Armin Soleimani • Global Platinum Properties, Inc.