Movoto Real Estate
Sold on 07/16/2024

6532 Malabar St, Huntington Park, CA 90255

  • $2,531,408

    Last sold 07/16/2024 for $1.82M

  • 18

    bed

  • 14

    bath

  • 7,132

    Sqft ($256/Sqft)

Multi-family not for sale
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About 6532 Malabar St

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 7,493 Sqft
Movoto estimate
Property description
Proudly presenting the sale, for the first time in over 40 years, of The Malabar, a 7 unit multifamily investment property in Huntington Park. The building is comprised of a unique unit mix of 4 (3+2)s and 3 (2+1.5)s, all of which are exceptionally large (building size of 7,132 SF) and unlike the available housing options in the area. The building is separately metered for gas and electricity, well parked with 10 covered spaces, and secured with gated entry in the front and rear of the property. With a Walk Score of 94, the building is located in the one of the best pockets in the city. Its prime location only two blocks from the main shopping corridor of Pacific Blvd and across from Middleton Elementary School, have contributed to the historical high occupancy level of this asset. Huntington Park is subject to CA Statewide AB 1482 no strict city level rent control restrictions.
Listed by
Listing Agent - Enrique Viramontes
Listing Office - Remax Commercial and Investment Realty
Source: The MLS mls logo
MLS#24-398553 • last updated 1 year ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Two
MLS # 24-398553
Type Residential Income
Status Sold
SqFt 7132
Lot Size (SqFt) 7493
Lot Size (Acres) 0.1721
Year Built 1964
Interior
Total # of Baths 14
Total # of Bedrooms 18
Exterior
# Parking Spaces 7
Parking Desc Assigned, Covered Parking
# Covered Parking Spaces 7
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning HPR4YY
APN 6322-002-014
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 13000
Unit 1: # Beds 3
Unit 1: Rent 2133
Unit 2: Rent 1327
Unit 2: Furnished No
Unit 2: Projected Rent 8250
Unit 2: # Beds 2
Unit 2: # Baths 1.5
Unit 1: # Baths 2
Unit 2: Actual Rent 3982
Unit Type 2106, 2107
Unit 1: Actual Rent 8532
Total # Of Buildings 1
Net Operating Income 90599
Cap Rate 4.53
Vacancy Rate 3%
Gross Income 151968
Gross Operating Income 147409
Gross Rent Multiplier 13.16
Total Annual Expenses 56810
  • Jul 2024
    mls logo MLS # 24-398553
  • Jul 16, 2024 Pending
  • May 31, 2024 Listed
    $2,000,000

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  • Real Estate
  • CA
  • Los Angeles County
  • Huntington Park
  • 90255
  • 6532 Malabar St
$2.53M
Range: $2.27M-$2.78M
Last 30 days 

Nearby recently sold homes in Huntington Park, CA

  • 6532 Malabar St
    $1.82M
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  • 90255
    $569K 0% y/y
  • Huntington Park
    $588K 0% y/y
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