NOT LISTED FOR SALE

2966 Clarendon Ave Huntington Park, CA 90255

19 Beds
26 Baths
14,160 Sq Ft
0.36 Acres

Last Sold June 24, 2024

Last sale price $5,300,000 $374 Per Sq Ft

129 Days on Market

Highlights

  • 0.36 Acre Lot
  • Linda Esperanza Marquez High School Rated A-
  • Detached Carport Space

About This Home

As of June 2024

We are pleased to present for sale, The Clarendon, a twenty-two-unit apartment building in the Huntington Park submarket of Los Angeles. Located on a quiet residential street comprised of mostly single-family homes, the property is a charming, center-courtyard, walk-up. Built in 1964, The Clarendon features a unit mix of twelve studios, two 1-bedroom/1-bath, three 2-bedroom/1-bath, and a four-bedroom/2-bath house. Recently completed in 2022 was the addition of four additional units comprised of one 2-bedroom/1-bath, one 2-bedroom/2-bath, and two 3-bedroom/2-bath. The additional units are master metered for both gas and electric. Why buy in Huntington Park? Unlike the City of Los Angeles, Huntington Park currently allows for rent increases of 5% + CPI, which is equivalent to 10%. The City of Los Angeles has not allowed rent increases since 2019 and increases on rent-controlled buildings are generally capped at no more than 4%. By allowing higher rent increases Huntington Park gives landlords great flexibility in achieving rents that are closer to market, which is especially beneficial during high inflationary periods. Another benefit is the utility costs are considerably lower in comparison to the City of Los Angeles. New ownership can continue to improve the asset by renovating units as they become vacant, implementing RUBS to recapture utility costs, replacing the leased laundry machines with landlord owned, and continue to give the below market tenants annual rent increases.

Last Agent to Sell the Property

Adam Zunder

Iconic Investments License #01821053 Listed on: 02/16/2024

Last Buyer's Agent

Moises Arroyo

The Core Agency License #01853838

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 52x150

Home Design

  • Split Level Home

Interior Spaces

  • 14,160 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 26 Bathrooms

Parking

  • 19 Parking Spaces
  • Detached Carport Space

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 22 Units

Listing and Financial Details

  • Assessor Parcel Number 6319-004-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 14160
  • Lot Acreage: 0.3643
  • Lot Dimensions: 52x150
  • Price Per Unit: 240909.00
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 26.00
  • Price Per S Q F T: 374.29

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 19

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 40.63
  • Assessed Improvement Value: 1326000
  • Assessed Land Percent: 59.38
  • Assessed Land Value: 1938000
  • Total Assessed Value: 3264000
  • Assessor Parcel Number: 6319-004-003
  • Lot Size Area: 15869

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 10.88
  • Number Of Units: 22
  • Total Annual Expense: 158723
  • Type Of Units: Apartments
  • Vacancy Rate: 0%

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Sold $5,300,000 0.0% $374 / Sq Ft
02/16/2024 02/16/24 For Sale $5,300,000 +65.6% $374 / Sq Ft
05/28/2021 05/28/21 Sold $3,200,000 -8.5% $294 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $3,499,000 +68.6% $321 / Sq Ft
04/13/2015 04/13/15 Sold $2,075,000 -8.8% $191 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
02/03/2015 02/03/15 For Sale $2,275,000 -- $209 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adam Zunder

    Seller's Agent in 2024

    Adam Zunder

    Iconic Investments

    (818) 554-5560

    1 in this area

    39 Total Sales

    Section Image
  • Moises Arroyo

    Buyer's Agent in 2024

    Moises Arroyo

    The Core Agency

    (818) 723-0816

    1 in this area

    82 Total Sales

    Section Image
  • Kevin Mitchell

    Seller's Agent in 2021

    Kevin Mitchell

    TLC Real Estate Group

    (760) 453-2600

    1 in this area

    2 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Brian Jackson

    TLC Real Estate Group

    Section Image
  • Keith Brennan

    Seller's Agent in 2015

    Keith Brennan

    Brennen Realty

    (310) 903-9348

    2 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 24-359147

The MLS

California Los Angeles County Huntington Park 90255

2966 Clarendon Ave, Huntington Park, CA

This home is located at 2966 Clarendon Ave, Huntington Park, CA 90255 since 16 February 2024. This property was built in 1964. 2966 Clarendon Ave is a home located in Los Angeles County with nearby schools including San Antonio Elementary School, Henry T. Gage Middle School, and Huntington Park Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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