2966 Clarendon Avenue
$5,300,000
19
26
14,160
14,160
$374
Sold 6/24/24
Description
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...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, one 2-bedroom/2-bath, and two 3-bedroom/2-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.
- Listed by Adam Zunder • DRE #01821053 • Brokerage DRE #01229985 • Iconic Investments
Property Details for 2966 Clarendon Avenue
Zoning
HPR3YY
Parcel Number6319004003
Total Units22.0
Living Area14160
Source Living AreaOwner
AreaVernon, Maywood, Hunt Pk & Bell, N of Florence, W of 710
Vacancy Rate0%
Lot Size Area15869
LISTING UPDATED: 06/24/2024 03:12 PM
Property Details for 2966 Clarendon Avenue
Status | Sold |
---|---|
MLS # | 24-359147 |
Days on Market | 129 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.36 AC / 15,869 SF |
County | Los Angeles County |
Building Information for 2966 Clarendon Avenue
Stories2Residences-Year Built1964Building Size-Lot Size0.36 AC / 15,869 SF
Property Information for 2966 Clarendon Avenue
Property History for 2966 Clarendon Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2966 Clarendon Avenue
Taxable ValueLand$2,016,295Additions$1,383,250Total$3,399,545
Tax Record2024$52,862 ($4,405 / month)
Home Facts
Total Finished SqFt10,891 SqFtAbove Grade Finished SqFt10,891 SqFtLot Size15,869 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningHPR3YYCountyLOS ANGELESAPN6319-004-003
Schools near 2966 Clarendon Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
San Antonio Elementary School PublicK to 5 | ||
Henry T. Gage Middle School Public6 to 8 | ||
Linda Esperanza Marquez High B Libra Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.