NOT LISTED FOR SALE

6325 Marconi St Huntington Park, CA 90255

11 Beds
19 Baths
10,881 Sq Ft
0.35 Acres

Last Sold September 15, 2022

Last sale price $3,434,000 $316 Per Sq Ft

Highlights

  • Gated Parking
  • 15,141 Sq Ft lot
  • 20 Car Garage
  • Linda Esperanza Marquez High School Rated A-

About This Home

As of September 2022

This offering presents a rare opportunity to purchase a property of this size in a Los Angeles-area submarket that is not subject to local rent control. Due in part to recent rent growth in the Huntington Park area, the current rents sit approximately 24 percent below those of similar units in the area.Insulated from crowded traffic corridors, the building sits among single family homes and smaller multifamily properties, yet its location still allows tenants convenient access to the Pacific Boulevard Shopping District. The ample on-site covered parking allows space for 20 vehicles, while an on-site laundry room provides an additional income stream for the owner. Several of the roofs are pitched and the building's exterior has been recently painted, providing more durability and reducing maintenance costs.Huntington Park High School, Gage Middle School, and San Antonio Elementary School are all within walking distance of the property, while The Home Depot, Staples, Walgreens, and other national retailers are all within a few blocks. Mass transit bus lines make stops within less than a block of the property, while tenants can also access the 710 and 110 Freeways easily.

Last Agent to Sell the Property

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 06/01/2022

Co-Listed By

Oscar Diaz

Marcus & Millichap License #02022902

Last Buyer's Agent

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 06/01/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.35 Acre Lot

Interior Spaces

  • 10,881 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 19 Bathrooms

Parking

  • 20 Car Garage
  • Gated Parking

Community Details

  • 2 Buildings
  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 6319-004-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10881
  • Stories: 3
  • Year Built: 1964
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 19.00
  • Price Per S Q F T: 338.20

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage, Gated
  • Total Parking: 20

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Value: 346599
  • Assessed Land Value: 84288
  • Assessor Parcel Number: 6319-004-017
  • Lot Size Area: 15141

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.99
  • Number Of Units: 18
  • Total Annual Expense: 111929
  • Type Of Units: Residential
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
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
09/15/2022 09/15/22 Sold $3,434,000 -6.7% $316 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $3,680,000 +45.7% $338 / Sq Ft
02/01/2018 02/01/18 Sold $2,525,000 +1.0% $2,525,000 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
11/09/2017 11/09/17 For Sale $2,500,000 -- $2,500,000 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-162945

The MLS