65
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$4,488,888
Est. payment /mo
32 Beds
16 Baths
12,014 SqFt
New
3700 E 61st ST Huntington Park, CA 90255
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,014 sqft
Price per Sqft $373
MLS Listing ID 26990161
Bedrooms 32
HOA Y/N No
Year Built 1927
Lot Size 0.522 Acres
Property 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.
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning HPR3YY
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 16
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6318026028
Special Listing Condition Standard
Listed by Neema Ahadian Marcus & Millichap #01346750
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