NOT LISTED FOR SALE

7120 Miles Ave Huntington Park, CA 90255

-- Bed
14 Baths
4,788 Sq Ft
5,401 Sq Ft Lot

Last Sold August 27, 2019

Last sale price $1,850,000 $386 Per Sq Ft

7 Days on Market

About This Home

As of August 2019

We are pleased to announce the sale of 7120 Miles Avenue, a 14-unit multifamily property situated near the intersection of Pacific Boulevard and Florence Avenue in Huntington Park, CA. The two-story building was constructed in 1954 and is available for just $132,000 per unit, a very attractive rate when compared to similar sales. A new owner may be able to capitalize on the rent upside, as current rents are approximately 20% below market values. The new investor will benefit from the brand new roof that the previous owner installed in 2018, helping to reduce deferred maintenance expenses. Another factor that favors the new owner is the fact that the property does not require any costly seismic retrofitting (Buyer to verify).Tenants benefit from the building's proximity to retail locations along both Florence Avenue and Pacific Boulevard, including the Pacific Boulevard Shopping District, which is all within walking distance.

Last Agent to Sell the Property

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 06/03/2019

Last Buyer's Agent

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 06/03/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,401 Sq Ft Lot

Parking

  • Driveway

Interior Spaces

  • 14 Bathrooms
  • 4,788 Sq Ft Home
  • 2-Story Property

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 6322-033-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4788
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 14.00
  • Den: 0
  • Price Per S Q F T: 386.38

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway

Lot Info

  • Assessed Improvement Value: 900782
  • Assessed Land Value: 360309
  • Assessor Parcel Number: 6322-033-010
  • Geocode Override: No
  • Lot Size Area: 5401

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.98
  • Number Of Units: 14
  • Total Annual Expense: 55909
  • 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
05/05/2025 05/05/25 Off Market $830 -- --
03/31/2025 03/31/25 For Rent $830 0.0% --
03/31/2024 03/31/24 For Rent $830 0.0% --
08/27/2019 08/27/19 Sold $1,850,000 0.0% $386 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
06/03/2019 06/03/19 For Sale $1,850,000 -- $386 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Raymundo

    Seller's Agent in 2019

    Rick Raymundo

    Marcus & Millichap

    (818) 219-6146

    1 in this area

    68 Total Sales

    Rick Raymundo
    Section Image
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Map

Source: The MLS

MLS Number: 19-473818

The MLS

California Los Angeles County Huntington Park 90255

7120 Miles Ave, Huntington Park, CA

This home is located at 7120 Miles Ave, Huntington Park, CA 90255 since 03 June 2019. This property was built in 1954. 7120 Miles Ave is a home located in Los Angeles County with nearby schools including Miles Avenue Elementary School, Henry T. Gage Middle School, and Huntington Park Senior High School.

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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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