3700 E 61st Street,Huntington Park, CA 90255
Huntington Park, CA 90255
Description
We are pleased to present 3700-3718 E. 61st Street, a 15+1 NC unit multifamily investment opportunity in Huntington Park, situated on an expansive 22,730SF corner lot at E. 61st Street and Loma Vista Avenue. The property offers a unique and diversified structural composition rarely found in a single offering, comprised of a front corner duplex and rear duplex at 3700 E. 61st Street, along with three separate 4-unit, two-story structures at 3710, 3714, and 3718 E. 61st Street, providing a new owner with a varied unit mix spread across four distinct structures. Significant value-add potential exists through the conversion of the property's existing exterior carport structures into ADUs, an opportunity supported by the large double-lot configuration and ample on-site parking (buyer to verify feasibility). Each of the three 4-unit buildings features its own dedicated onsite laundry room with a washer, dryer, and dedicated water heater, providing tenant convenience and an additional income stream with upside potential through owner-operated machines. The property offers approximately 16 total parking spaces, including 12 carport spaces serving the three 4-unit buildings and 3 additional carport spaces plus a single-car garage at the 3700 parcel, along with 12 private storage units located above the carports, a rare amenity in the submarket. Offered at $4,488,888 ($299,259/unit), the offering reflects a 7.44% current cap rate and 9.36 GRM on in-place income, with approximately 7% rental upside to market driving a 7.88% proforma cap rate and 8.74 GRM. All four structures are separately metered for gas and electricity, simplifying ownership and reducing owner-paid utility expense exposure. Located in Huntington Park, a dense, high-demand rental submarket in southeast Los Angeles County characterized by limited owner-occupant turnover and consistent multifamily tenant demand.
Details
| MLS # | 26990161 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 39 |
| Listing Provided By | Marcus & Millichap | Neema Ahadian |
Features
| Bed(s) | 32 |
|---|---|
| Bath(s) | 16 |
| SQ Feet | 12,014 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 5 |
| Zoning | HPR3YY |
| Acreage | 0.52 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Huntington Park |
| Zip Code | 90255 |
| Area | T6 Maywood | Bell |
| Listing VS Median (in 90255) | |
Price: $4,488,888 low | high Med: $744,900 sqft: 12,014 low | high Med: 1,605 $ / sqft: $374 low | high Med: $464 On site: 39 low | high Med: 81 | |
Market Activity 90255
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Huntington Park |
| Zip Code | 90255 |
| Area | T6 Maywood | Bell |
| Listing VS Median (in 90255) | |
Price: $4,488,888 low | high Med: $744,900 sqft: 12,014 low | high Med: 1,605 $ / sqft: $374 low | high Med: $464 On site: 39 low | high Med: 81 | |