7108 Albany Street

Huntington Park, CA 90255

$750,000
Price
5
Beds
3
Baths
1,892 Sq. Ft.
$396 / Sq. Ft.
1,892
Sq. Ft.
$396
per Sq. Ft.

Description

An exciting opportunity awaits with this triplex in the heart of Huntington Park! Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a smart investment, these units are ideal for you. The front unit is a 3-bedroom and 1-bath home, while the back two units are 1-bed/1-bath each. Situated in a prime location perfect for rental properties, you'll enjoy consistent rental income without the worry of vacancies. Convenience is key to this property, as it is...An exciting opportunity awaits with this triplex in the heart of Huntington Park! Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a smart investment, these units are ideal for you. The front unit is a 3-bedroom and 1-bath home, while the back two units are 1-bed/1-bath each. Situated in a prime location perfect for rental properties, you'll enjoy consistent rental income without the worry of vacancies. Convenience is key to this property, as it is surrounded by foot traffic, shopping centers, restaurants, public schools, and clinics. Additionally, easy access to major transportation routes (91, 105, 110, 405, and 605 freeways) makes commuting a breeze. While these units require tender loving care (TLC), they boast significant income potential. The property has ample parking available from the front and alley access on a nearly 6,000-square-foot lot. Opportunities like this are fleeting, so seize the day and don't miss out on this incredible investment chance!
  1. Listed by Tony Lopez • DRE #01752038 • Brokerage DRE #02211662 • Berkshire Hathaway HomeService • 562-762-7403

Property Details for 7108 Albany Street

Architectural Style
Contemporary
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1892
LISTING UPDATED: 10/29/2024 10:58 AM

Property Details for 7108 Albany Street

StatusActive
MLS #RS24111422
Days on Market173
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.14 AC / 5,989 SF
CountyLos Angeles County

Building Information for 7108 Albany Street

Stories1Residences-Year Built1922Building Size-Lot Size0.14 AC / 5,989 SF

Property Information for 7108 Albany Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Insurance
Income / Expense / Tax Details
Income Details
  • Gross Income: $54,000
  • Gross Scheduled Income: $54,000
  • Net Operating Income: $40,934
Expense Details
  • Operating Expense: $13,066
  • New Taxes Expense: $9,375
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,756
  • Maintenance Expense: $0
  • Trash Expense: $585
  • Water Sewer Expense: $1,350
  • Total Expenses: $3,691
Tax / Assessment Info
  • Tax Tract Number: 1739
  • Tax Census Tract: 5331.03
  • CFD/Mello-Roos Fee: $1,182
  • Tax Lot: 4
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Community Features: Gutters, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: None
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Tile, Vinyl
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Drywall Walls, Frame, Stucco
  • Exterior Construction: Frame, Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • Foundation Details: Raised
  • Property Condition: Repairs Cosmetic
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Rectangular Lot
  • Direction Faces: West
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Auto Driveway Gate
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Auto Driveway Gate
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • 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: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • 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: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 0
  • Number With Refrigerator: 0
  • Number With Disposal: 0
  • Number Wall AC: 0

Property History for 7108 Albany 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 7108 Albany Street

Taxable ValueLand$146,358Additions$148,230Total$294,588
Tax Record2024$5,314 ($443 / month)
Home Facts
Total Finished SqFt1,892 SqFtAbove Grade Finished SqFt1,892 SqFtLot Size5,989 SqFtStyleTriplexYear Built1922ZoningHPR3YYCountyLOS ANGELESAPN6321-030-019

Schools near 7108 Albany Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Middleton Street Elementary School
Public1 to 6

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

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7108 Albany Street is a multi-family home for sale in Huntington Park, CA 90255. This property was listed for sale on June 1, 2024 by Berkshire Hathaway HomeService, it's currently listed at $750,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Middleton Street Elementary School, Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy and Linda Esperanza Marquez High A Huntington Park Institute Of Applied Medicine. 7108 Albany Street is a 5-bed, 3-bath, 1,892 sqft multi-family home built in 1922.

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 Berkshire Hathaway HomeService, Tony Lopez, DRE #01752038

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.