Listed by Kim Real Estate, Inc
$1,550,000
2918 Randolph
Details
APN 6319001014
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,644
Units 4
NOI $85,537
Price per SqFt $586
Year Built 1925
Buildings 3
Stories 2
Acreage 0.177
Parking Spaces 3 spaces
Parking per 1,000 SqFt 1.13
Investment Type Owner/User
Sale Condition 1031 exchange
Multifamily | 4 Units
Marketing description
Great opportunity to own an updated 4-unit residential income property in the heart of Huntington Park. This property offers a strong unit mix with one 4 bed/ 3 bath unit, one 3 bed/2 bath unit, and two 2 bed/2 bath units located above the garage area. The property qualifies for FHA financing, making it a great option for an owner-user looking to live in one unit and rent the others, or an investor seeking a solid income-producing asset. The property also features two empty garages with potential to be converted into an ADU, adding even more future rental upside. Additional highlights include separate gas and electric meters, and a generous lot size. Conveniently located across from Huntington Park High School and near parks, shopping, restaurants, Target, Costco, public transportation, and easy access to the 710, 5, 605, and 105 freeways. A great value-add opportunity with strong rental potential in a busy and desirable rental market. Buyer and buyer’s agent to verify all information, permits, zoning, ADU potential, square footage, and financing eligibility.
Listing Contacts
Listed by Kim Real Estate, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,537.00
$7,128.08/mo
Valuation Metrics
0
DSCR
5.52%
Cap Rate
5.52%
ROI
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