Huntington Park Real Estate Search

Huntington Park Properties over $2,000,000 for Sale

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Newest Huntington Park Properties over $2,000,000 for Sale

19 Beds 26 Baths 23244621 MLS Active Status
We are pleased to present for sale, The Clarendon, a twenty-two-unit apartment building in the Huntington Park submarket of Los Angeles. Located on a quiet residential street comprised of mostly single-family homes, the property is a charming, center-courtyard, walk-up. Built in 1964, The Clarendon features a unit mix of twelve studios, two 1-bedroom/1-bath, three 2-bedroom/1-bath, and a four-bedroom/2-bath house. Recently completed in 2022 was the addition of four additional units comprised of one 2-bedroom/1-bath, two 2-bedroom/2-bath and one three-bedroom/two-bath. The additional units are master metered for both gas and electric. Why buy in Huntington Park? Unlike the City of Los Angeles, Huntington Park currently allows for rent increases of 5% + CPI, which is equivalent to 10%. The City of Los Angeles has not allowed rent increases since 2019 and increases on rent-controlled buildings are generally capped at no more than 4%. By allowing higher rent increases Huntington Park gives landlords great flexibility in achieving rents that are closer to market, which is especially beneficial during high inflationary periods. Another benefit is the utility costs are considerably lower in comparison to the City of Los Angeles. New ownership can continue to improve the asset by renovating units as they become vacant, implementing RUBS to recapture utility costs, replacing the leased laundry machines with landlord owned, and continue to give the below market tenants annual rent increases.

2966 Clarendon Avenue, Huntington Park

PW23026734 MLS Active Status
You must take advantage of this amazing Multi-Family Opportunity featuring an incredible total of 7 units! This is also a fantastic redevelopment opportunity being that it sits in a high density residential zone which allows for the building of up to 16 units! On the current property the Unit Mix is perfect, all with month-to-month tenants highlighting 4 total 3 bedroom–2.5 bath, a 2 bed–1 bath, and 2 total 1 bed–1 bath! The entire property sits on 35,735 Sqft of prime land in a fantastic rental location and measuring 7,548 Sqft of living space. The first set of units sitting on Otis Ave are absolutely fantastic resembling a set of townhomes all with identical spacious layouts including 3 bedrooms, 2.5 bathrooms, open living rooms, kitchens with a full size dining area, and each with huge master bedroom suites with attached master bathrooms! Each of these 3 bedroom units has so many great features including attached 2-car garages with direct access, a downstairs half bath, patio & balcony areas, Central AC/Heat, plenty of closet space, and excess parking for each unit surrounding the entire property! The second half of the property sits on Gifford Ave and includes a stand-alone 2 bed-1 bath with its own front yard and parking area, laminate wood floors, a large living room, kitchen with a dining area and a laundry room! The 1 bed-1 bath units each have their own yard areas and also boast more excess parking! All units are in walking distance of many restaurants and shops and just minutes from easy freeway access! Thank you so much for viewing this fantastic opportunity!

5921 Otis Avenue, Huntington Park

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.