2755 E 58th Street
Huntington Park, CA, 90255 $ 1,900,000
Bedrooms4 Baths1.0 Sq 5,864 Monthly Estimate*
$ 13,272
Listed by CB RICHARD ELLIS
for $1,900,000 with 4 bedrooms and 1 full bath. This 5,864 square foot home was built in 1930 on a lot size of 0.1534.
We are proud to present the opportunity to purchase 2755 E 58th Street, a 9-unit multifamily complex located in Huntington Park, CA. 2755 E 58th Street is in the Southeast region of Los Angeles County, just minutes from major employment hubs like DTLA and City of Commerce. The property is conveniently centered between several major freeways - 10, 60, 710, 5, 105, and 110 - providing direct access to frequently visited areas in the San Fernando Valley, DTLA, Long Beach, and Orange County. Iconic attractions within a 15-mile radius include Hollywood Walk of Fame, Hollywood Bowl, Dodger Stadium, SOFI Stadium, and more. University of Southern California, East LA Community College, and Cal State Los Angeles University are also a short drive from the property. Additionally, the property is located just steps from Pacific Blvd - the heaviest retail corridor in Huntington Park. Some popular local retail amenities that can be found there are Walgreens, Harbor Freight Tools, Ross, Starbucks Coffee, and In-N-Out, to name a few. 2755 E 58th Street is a 2-story multifamily complex that offers approximately 5,864 SF of rentable living space and sits on approximately 7,000 SF of land. The property features 4, one-bedroom/one-bathroom units and 5, two-bedroom/one-bathroom units averaging 560 SF and 725 SF, respectively. There are currently 2, two-car garages and 4, single-car garages that can potentially be converted into additional living space via ADU capabilities (buyer to verify) and an unused laundry facility that can generate future income once put back into service. Current ownership has owned and self-managed 2755 E 58th Street for nearly three decades. Some recent improvements made to the property include a new mainline that was replaced within the last 12 months and newer sub panels that were replaced within the last 10 years.
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FeaturesGeneralSewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Zoning HPR3YY
HOA 0.0
Garage Spaces 8.0
Pool Features None
Year Built 1930
Stories 2
Levels Two
Property SubType Apartment
Gross Income 151267.0
Community Features Curbs Sidewalks
County Los Angeles
Net Operating Income 92919.0
Operating Expense 53810.0
Insurance Expense 4500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Pending
Directions Merge onto I-10 W Keep right follow signs for I-10 W and merge onto I-10 W/I-5 S Take exit 134A to merge onto S Soto St Turn right onto E 58th St
City Huntington Park
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 9
MLS Area T1 - Vernon Maywood Hunt Pk & Bell N of Florenc
Lot Size Square Feet 6681.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 9
Street Name 58th
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 3150.0
Water Sewer Expense 3150.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 45
Building Area Units SquareFeet
Standard Status Pending
Year Built Source Assessor
Tax Lot 89
Total Actual Rent 151267.0
Property Sub Type Additional Apartment
Taxes 28591.0
Cap Rate 4.89
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ExteriorLot Features Item610UnitsAcre
Water Source Public
Total Parking 8.0
Lot Size Area 6681.0
Number of Buildings 2
Spa N
Building Area Total 5864.0
Lot Size Acres 0.1534
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 9
Number of Separate Electric Meters 9
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $13,272
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Huntington Park, CA
Average List Price $1,816,843
Percent of Sale Price 4%
About Huntington Park, CA 58,103 Population
-6% Since 2002
$ 36,176 Median Income
31.95 Median Age
45% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/21/2024 | $1,900,000 | | Listed Price |