2724 East 58th Street

Huntington Park, CA 90255

$1,590,000
Price
1
Beds
8
Baths
5,654 Sq. Ft.
$281 / Sq. Ft.
5,654
Sq. Ft.
$281
per Sq. Ft.

Description

Pleased to present 2724 East 58th Street, Huntington Park, an 8-unit apartment building. Built in 1941 and comprised of 100% 1-bedroom/1-bath floor plans, this offering presents significant rental upside potential, with a favorable $198,750 per unit and $281 per square foot, complemented by garage parking and a desirable 8.6% cap rate on market rents. Situated in a phenomenal rental area, this property represents an attractive prospect for an investor seeking an established income-generating asset.Pleased to present 2724 East 58th Street, Huntington Park, an 8-unit apartment building. Built in 1941 and comprised of 100% 1-bedroom/1-bath floor plans, this offering presents significant rental upside potential, with a favorable $198,750 per unit and $281 per square foot, complemented by garage parking and a desirable 8.6% cap rate on market rents. Situated in a phenomenal rental area, this property represents an attractive prospect for an investor seeking an established income-generating asset.
  1. Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian • rma@morganskenderian.com
  2. Listed by Doug Rodermund • DRE #01314304 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 2724 East 58th Street

Parking Spaces Total
5
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5654
Assessor Parcel Number
6309-029-005
Property Attached YN
true
LISTING UPDATED: 08/26/2024 05:13 AM

Property Details for 2724 East 58th Street

StatusActive
MLS #PW24176802
Days on Market116
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1941
Lot Size0.15 AC / 6,515 SF
CountyLos Angeles County

Building Information for 2724 East 58th Street

Stories2Residences-Year Built1941Building Size-Lot Size0.15 AC / 6,515 SF

Property Information for 2724 East 58th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $122,580
  • Vacancy Allowance: 3064
  • Gross Operating Income: $119,515
  • Net Operating Income: $78,120
  • Gross Multiplier: 12.97
  • Cap Rate: 4.9
Expense Details
  • Operating Expense: $41,395
  • New Taxes Expense: $24,879
  • Gardener Expense: $1,200
  • Fuel Expense: $1,329
  • Electric Expense: $1,329
  • Insurance Expense: $4,000
  • Maintenance Expense: $5,000
  • Professional Management Expense: $0
  • Other Expense: $1,000
  • Other Expense Description: misc
  • Trash Expense: $1,329
  • Water Sewer Expense: $1,329
  • Total Expenses: $41,395
Tax / Assessment Info
  • Tax Rate: 1.4
  • Tax Annual Amount: $24,879
  • Tax Tract Number: 6674
  • Tax Census Tract: 5325.00
  • Tax Lot: 59
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,276
  • Unit Type Total Rent: $10,215
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 2724 East 58th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2724 East 58th Street

Taxable ValueLand$246,281Additions$582,069Total$828,350
Tax Record2024$14,253 ($1,188 / month)
Home Facts
Total Finished SqFt5,654 SqFtAbove Grade Finished SqFt5,654 SqFtLot Size6,513 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningHPR3YYCountyLOS ANGELESAPN6309-029-005

Schools near 2724 East 58th Street

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
Pacific Boulevard School
PublicK to 5

Henry T. Gage Middle School
Public6 to 8

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.

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2724 East 58th Street is a mixed use property for sale in Huntington Park, CA 90255. This property was listed for sale on August 26, 2024 by Morgan Skenderian, it's currently listed at $1,590,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Pacific Boulevard School, Henry T. Gage Middle School and Linda Esperanza Marquez High B Libra Academy. 2724 East 58th Street is a 1-bed, 8-bath, 5,654 sqft mixed use property built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Doug Rodermund, DRE #01314304

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.