7034 Mountain View AveHuntington Park, CA 90255

Property Details for 7034 Mountain View Ave

Year built

1954

Lot size

0.21 AC

Property size (Sq ft)

8,316 SF

Zone code

HPR3YY

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

6322-035-014

APU

6322035014

Description

This exceptional value-add multifamily investment presents a compelling opportunity in Huntington Park, California. The property, located at 7034 Mountain View Avenue, consists of a 17-unit apartment building totaling approximately 9,683 square feet, situated on two parcels (APN: 6322-035-014, 6322-035-015) encompassing 18,579 square feet. Built in 1954, the two-story complex comprises three buildings and offers a diverse mix of studio, one-bedroom, and two-bedroom units, providing significant rental upside potential. The current asking price is $3,470,000, translating to approximately $204,118 per unit and $358.36 per square foot. The property features on-site garage and open parking. The current Net Operating Income (NOI) is $158,792, yielding a 4.58% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $296,068, resulting in an attractive 8.53% pro-forma cap rate, reflecting the substantial rental growth potential. This fee-simple ownership opportunity is ideal for investors seeking a strong return on investment in a high-demand rental market. The property's location in Los Angeles County, zip code 90255, offers convenient access to local amenities and transportation. This is a rare chance to acquire a well-positioned multifamily asset with considerable upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,962,452

  6.5%

  $2,734,571

  7%

  $2,539,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,451,124

  Geo Method

  $2,451,124

• Alternative Use

  Use

  Valuation

  Residential

  $2,734,571

  Hospitality

  $2,504,852

  Educational

  $2,084,008

  Medical

  $2,155,680

  Retail

  $3,241,790

Location Insight

City

Huntington Park

County

Los Angeles

State

California

Latitude

33.9748

Longitude

-118.217

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].