tomo logo

$3,425,000

Beds
13
sq ft
8,730

6368 Arbutus Ave, Huntington Park, CA 90255

6368 Arbutus Ave

Huntington Park, CA 90255

  • 506 days on market
Introducing the opportunity to acquire this 15-unit investment property in prime Huntington Park. The subject property is comprised of two separate parcels with a combined unit mix Fourteen 1 bedroom + 1 bath units and One commercial/retail storefront. The units are spread out among the two parcels with frontage on Arbutus Avenue and Gage Avenue for an aggregate lot size of almost 15,000 SF! Onsite garages are available for residential units and offer investors an opportunity to boost income by adding multiple ADUs per parcel (buyers to verify). The Arbutus Apartments offer plenty of upside potential in rental income to an investor looking for an immediate high dollar return with room to grow. Separately metered for gas and electricity. Tenants enjoy a close proximity to dining and shopping along Pacific Blvd and several area schools are a short distance away. The site is strategically located minutes to Downtown Los Angeles, Arts District, and easy access to the 710, 10, 5, 101, and 60 Freeways.

Details

Property type

Lot size

0.3419 acres

Price per sq ft

$393

Year built

1929

HOA

No

Price History

10/09/2024
CLAW

CLAW #23297359

Listed
$3,425,000
10/05/2024
CLAW

CLAW #23297359

Removed
$3,425,000
11/27/2023
CLAW

CLAW #23297359

Listed
$3,425,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Eh National Bank

Loan start date

April 2020

Original loan amount

$2,175,000

Est. remaining balance

Not provided

Interest rate

3.36%

Loan type

Commercial

Seller

Jibe Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 2:40 AM

Listing updated: 12/04/2024 at 5:45 PM

Listed by: Enrique Viramontes, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #23297359

CLAW logo

Recently listed in Huntington Park