6363 Cedar Street Huntington Park, CA ^$ 1,950,000

6363 Cedar Street

^$ 1,950,000

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6363 Cedar Street

Huntington Park, CA, 90255

^$ 1,950,000

Bedrooms14 Baths7.0 Sq 6,912

Monthly Estimate*

^$ 13,621

Listed by Kidder Mathews of California, Inc.

6363 Cedar Street, Huntington Park, CA 90255 - Image 1

6363 Cedar Street, Huntington Park, CA 90255 - Image 2

6363 Cedar Street, Huntington Park, CA 90255 - Image 3

6363 Cedar Street, Huntington Park, CA 90255 - Image 4

6363 Cedar Street, Huntington Park, CA 90255 - Image 5

6363 Cedar Street, Huntington Park, CA 90255 - Image 6

6363 Cedar Street, Huntington Park, CA 90255 - Image 7

6363 Cedar Street, Huntington Park, CA 90255 - Image 8

6363 Cedar Street, Huntington Park, CA 90255 - Image 9

6363 Cedar Street, Huntington Park, CA 90255 - Image 10

6363 Cedar Street, Huntington Park, CA 90255 - Image 11

6363 Cedar Street, Huntington Park, CA 90255 - Image 12

6363 Cedar Street, Huntington Park, CA 90255 - Image 13

6363 Cedar Street, Huntington Park, CA 90255 - Image 14

6363 Cedar Street, Huntington Park, CA 90255 - Image 15

Multi-Family Home for sale in Huntington Park, CA

for $1,950,000 with 14 bedrooms and 7 full baths. This 6,912 square foot home was built in 1963 on a lot size of 0.1646.

7-unit apartment building located in a quiet residential neighborhood of Huntington Park, CA. Seller may consider carrying financing for a qualified buyer. Terms and rate to be determined. Consisting entirely of spacious 2-bedroom 1 bath (& 1.5 bath) units averaging 987 square feet each, this well-maintained property presents a clear value-add opportunity, with at least 20% rental upside and without the constraints of city rent control. The property is only subject to AB1482 (allowing for 8.8% rent increases annually). The building is separately metered for gas, electricity, and hot water. There are 8 garage parking spaces, providing 1 space per unit and two for the "master" unit. The master unit and unit A are both 2-story townhouses. Some of the building's renovations include a new roof in 2019, new 100 gallon water heater (and circulating pump) in 2019, and plumbing re-piping in 1999. Located about a half mile from Pacific Boulevard, the city's primary shopping mecca, 6363 Cedar Street offers a variety of retail, dining, and schools within minutes.

Multi-Family Pending

Price

^$ 1,950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1646

Year Built

1963

Town/City

Huntington Park

County/Region

Los Angeles

MLS | Web ID

24362771

Days on Market

Features

General

Heating NaturalGas

Cooling WallWindowUnits

Zoning HPR3YY

Garage Spaces 8.0

Construction Materials Frame

Year Built 1963

Tenant Pays Electricity Gas

Levels MultiSplit

Gross Income 157836.0

County Los Angeles

Net Operating Income 93027.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage Y

Garage Y/N Y

Special Listing Conditions Standard

Status Pending

Directions Please utilize google maps or equivalent to locate property which is located north of Florence Ave. and east of Seville Ave.

City Huntington Park

View Y/N N

Senior Community Y/N N

Total Units 7

MLS Area T1 - Vernon Maywood Hunt Pk & Bell N of Florenc

Lot Size Square Feet 7172.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Cedar

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 51

Standard Status Pending

Year Built Source Assessor

Cap Rate 4.8

Exterior

Total Parking 8.0

Lot Size Area 7172.0

Number of Buildings 1

Spa N

Building Area Total 6912.0

Lot Size Acres 0.1646

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Laundry Features LaundryRoom

Total Bedrooms 14

Electric On Property Y/N N

Total Baths 7

Internal Only

Street Number 1 6363

* Excluded Features

List By

Kidder Mathews Of California, Inc.

Broker

(310) 592-8269

Phone

Affordability Calculator

$13,621

Per Month

Monthly Principal & Interest: $13,621
Monthly Property Taxes: --
Monthly Home Insurance: --

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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.

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Nearby

Trends
Schools

Multi-family listings in Huntington Park, CA

Average List Price ^$1,816,843

Percent of Sale Price 7%

About Huntington Park, CA

58,103 Population

-6% Since 2002

^$36,176 Median Income

31.95 Median Age

45% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/28/2024	$1,950,000		Listed Price

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6363 Cedar Street, Huntington Park, CA, 90255 is a Multi-Family Home for sale at $1,950,000 with 6,912 sqft and a lot size of 0.1646. 6363 Cedar Street has 14 bedrooms, 7.0 baths, and was built in 1963. The property's zip code is 90255 which is in Huntington Park, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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6363 Cedar Street

Multi-Family Home for sale in Huntington Park, CA

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