3033 Arbutus AveHuntington Park, CA 90255

Property Details for 3033 Arbutus Ave

Year built

1929

Property size (Sq ft)

8,730 SF

Property type

Commercial real estate

Description

This exceptional 15-unit multifamily investment property in Huntington Park, California, presents a compelling opportunity for savvy investors. The property, situated on two parcels totaling nearly 15,000 square feet, comprises fourteen 1-bedroom, 1-bathroom residential units and one commercial storefront. The unit mix includes a blend of single-story bungalows and two-story buildings, offering a diverse portfolio. Ample onsite garages provide additional income potential, and the property's zoning allows for the addition of multiple Accessory Dwelling Units (ADUs), significantly increasing future revenue streams. With a current NOI of $177,973 and a pro-forma NOI of $225,769, this property boasts a 5.65% cap rate and a pro-forma cap rate of 7.17%. The asking price is $3,150,000, or $210,000 per unit. Built between 1929 and 1939, the property features separately metered gas and electricity for each unit. Its convenient location offers residents easy access to shopping, dining, schools, and major freeways (710, 10, 5, 101, and 60), and a Walk Score of 86 reflects its desirable neighborhood setting. The property's strong cash flow, combined with its significant upside potential through ADU development, makes it an attractive investment prospect. The property's APN is 6319-007-024: 6319-007-025, and the permitted zoning is HPCN. The total square footage is 8,730. This is a rare opportunity to acquire a well-located, income-producing property with substantial growth potential in a thriving Los Angeles County market.

Location Insight

City

Huntington Park

County

Los Angeles

State

California

Latitude

33.9811

Longitude

-118.215

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].