7034-7100 Mountain View Avenue

Huntington Park, CA 90255

$3,470,000
Price
3
Beds
17
Baths
9,683 Sq. Ft.
$358 / Sq. Ft.
9,683
Sq. Ft.
$358
per Sq. Ft.

Description

Pleased to present a 17-unit apartment complex located at 7034-7100 Mountain View Avenue Huntington Park. This ±9,683 SF property, constructed in 1954, features 17 units offering an excellent mix of studios, 1 & 2-bedroom apartments. Situated on (2) lots, inclusive of garage and open parking, the property boasts a $204,118 average price per unit and offers significant rental upside potential following long-term ownership. Achieving an impressive 8.5% Cap Rate on market rents in this phenomenal rental...Pleased to present a 17-unit apartment complex located at 7034-7100 Mountain View Avenue Huntington Park. This ±9,683 SF property, constructed in 1954, features 17 units offering an excellent mix of studios, 1 & 2-bedroom apartments. Situated on (2) lots, inclusive of garage and open parking, the property boasts a $204,118 average price per unit and offers significant rental upside potential following long-term ownership. Achieving an impressive 8.5% Cap Rate on market rents in this phenomenal rental area, this asset provides a compelling opportunity for savvy investors seeking a value-add property with strong income-generating potential.
  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 7034-7100 Mountain View Avenue

Parking Spaces Total
21
Private Pool
No
Total Units
17.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9683
Assessor Parcel Number
6322-035-014
Property Attached YN
true
LISTING UPDATED: 08/26/2024 05:48 AM

Property Details for 7034-7100 Mountain View Avenue

StatusActive
MLS #PW24176861
Days on Market125
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1954
Lot Size0.43 AC / 18,579 SF
CountyLos Angeles County

Building Information for 7034-7100 Mountain View Avenue

Stories2Residences-Year Built1954Building Size-Lot Size0.43 AC / 18,579 SF

Property Information for 7034-7100 Mountain View Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $3,000
  • Gross Scheduled Income: $251,184
  • Vacancy Allowance: 6280
  • Gross Operating Income: $244,904
  • Net Operating Income: $158,792
  • Laundry Income: $3,000
  • Gross Multiplier: 13.81
  • Cap Rate: 4.6
Expense Details
  • Operating Expense: $86,112
  • New Taxes Expense: $53,420
  • Gardener Expense: $2,400
  • Fuel Expense: $3,573
  • Electric Expense: $3,573
  • Insurance Expense: $5,000
  • Maintenance Expense: $10,000
  • Professional Management Expense: $0
  • Other Expense: $1,000
  • Other Expense Description: misc
  • Trash Expense: $3,573
  • Water Sewer Expense: $3,573
  • Total Expenses: $86,112
Tax / Assessment Info
  • Tax Rate: 1.4
  • Tax Annual Amount: $53,420
  • Tax Block: C
  • Tax Tract Number: 2283
  • Tax Census Tract: 5331.08
  • Tax Lot: 17
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 6322035015
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 17
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 13
  • Open Other Spaces Total: 13
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,207
  • Unit Type Total Rent: $4,828
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 11
  • 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: $1,229
  • Unit Type Total Rent: $13,528
  • Unit Type Pro Forma: 1945
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,163
  • Unit Type Total Rent: $2,326
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 2

Property History for 7034-7100 Mountain View Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 7034-7100 Mountain View 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
Miles Avenue Elementary 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.

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.

7034-7100 Mountain View Avenue 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 $3,470,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Miles Avenue Elementary School, Henry T. Gage Middle School and Linda Esperanza Marquez High C School Of Social Justice. 7034-7100 Mountain View Avenue is a 3-bed, 17-bath, 9,683 sqft mixed use property built in 1954.

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.