NOT LISTED FOR SALE
-- Bed
14 Baths
4,788 Sq Ft
5,401 Sq Ft Lot

Sale Details

Date 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

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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

5,401 Sq Ft Lot

Listing Details

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

Interior Features

  • Total Bathrooms: 14.00
  • 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
  • Type Of Units: Residential

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
May 20, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,850,000 North American Title
-- North American Title Co
-- North American Title Co
-- First American Title Insuran
-- Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,100,000
Previous Owner $1,350,000
Previous Owner $300,000
Previous Owner $735,000
Previous Owner $735,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/13/2026 01/13/26 Off Market $830 -- --
01/01/2026 01/01/26 For Rent $830 0.0% --
12/12/2025 12/12/25 Off Market $830 -- --
12/01/2025 12/01/25 For Rent $830 0.0% --
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $31,769 $2,023,241 $601,503 $1,421,738
2024 $31,019 $1,983,570 $589,709 $1,393,861
2023 $30,462 $1,944,678 $578,147 $1,366,531
2022 $29,140 $1,906,548 $566,811 $1,339,737
2021 $28,758 $1,869,166 $555,698 $1,313,468
2020 $28,899 $1,851,120 $550,000 $1,301,120
2019 $20,982 $1,313,157 $374,865 $938,292
2018 $20,730 $1,287,432 $367,515 $919,917
2016 $19,769 $1,236,365 $353,245 $883,120
2015 $19,437 $1,217,794 $347,939 $869,855
2014 $19,411 $1,193,940 $341,124 $852,816
Source: Public Records

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Map

Source: The MLS

MLS Number: 19-473818

The MLS
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