Seller's Agent in 2019
Autumn Anderson
WGroup Realtors
(562) 449-7607
45 Total Sales
6914 Malabar St Unit A-E Huntington Park, CA 90255
8
Beds
5
Baths
4,163
Sq Ft
8,588
Sq Ft Lot
Highlights
- No Units Above
- Wood Flooring
- 3 Car Garage
- Linda Esperanza Marquez High School Rated A-
- Laundry Room
- Stacked Washer and Dryer
About This Home
As of May 2019HUGE PRICE DROP-Great Investment Property- Proforma rents should give you a cap rate of 7.7% & a GRM of 9.35 with a NOI of $117,600.. Long term tenants are all on month-to-month leases. The property manager lives in one of the 2 bedroom units at a reduced rate of $800 in exchange for her service which according to the seller does her job really well! No Rent Control in Huntington Park CA. PROJECTED RENTS around the area: 0bed/1bath- $850-$1,000 and 2bed/1bath-$1,500-$1,700. Spanish Style 7-Plex located on a wide open tree lined street in a highly sought after neighborhood in Huntington Park. 11 bedrooms and 7 bathrooms. A total of Four 2 bedroom, 1 baths and 3 studios with 1 bath each. Upgraded plumbing, windows and some electrical. Most units have had their kitchenettes replaced. Outside stucco has recently been repainted. There are 3 garage spaces. Property is secure with rod iron fencing and locking security gates on the sides and the back as well as bars on all of the windows. Huntington Park is a perfect location only 5 miles to Los Angeles city center offering residence more of an urban feel. Walking score of 74.7. All units have separate meters. Three of the 2 bedroom units have their own separate laundry rooms. One of the 2 bedrooms has added w/d in the kitchen. Property is gated and secure. There is a large interior courtyard shared by all units along with a small back patio. Old laundry room in 4 plex being used for storage, but could be extra income.
Last Agent to Sell the Property
WGroup Realtors License #01429170 Listed on: 03/26/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 8,588 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Front Yard
Parking
- 3 Car Garage
- Parking Available
Home Design
- Property Attached
Interior Spaces
- 4,163 Sq Ft Home
- 1-Story Property
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Utilities
- Sewer Paid
Listing and Financial Details
- Tenant pays for grounds care, pest control, sewer
- Tax Lot 3
- Tax Tract Number 5331
- Assessor Parcel Number 6322022005
Community Details
Overview
- 2 Buildings
- 7 Units
Building Details
- 7 Leased Units
- 8 Separate Electric Meters
- 7 Separate Gas Meters
- 7 Separate Water Meters
- Insurance Expense $1,500
- Maintenance Expense $1,200
- Trash Expense $2,762
- Water Sewer Expense $2,850
- New Taxes Expense $15,212
- Operating Expense $23,529
- Gross Income $75,900
- Net Operating Income $50,853
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/23/2019 05/23/19 | Sold | $1,150,000 | 0.0% | $276 / Sq Ft |
| 04/24/2019 04/24/19 | Off Market | $1,150,000 | -- | -- |
| 04/18/2019 04/18/19 | Price Changed | $1,100,000 | -26.6% | $264 / Sq Ft |
| 04/12/2019 04/12/19 | For Sale | $1,498,000 | +30.3% | $360 / Sq Ft |
| 04/11/2019 04/11/19 | Off Market | $1,150,000 | -- | -- |
| 03/26/2019 03/26/19 | For Sale | $1,498,000 | -- | $360 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Autumn Anderson
-
Cassidy Tutt
Seller Co-Listing Agent in 2019
Cassidy Tutt
WGroup Realtors
(562) 449-7607
55 Total Sales
-
Victor Ambriz Jr
V
Buyer's Agent in 2019
Victor Ambriz Jr
Keller Williams SELA
(562) 842-7248
2 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19067405
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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