Huntington Park, CA 90255 2755 E 58th Street

2755 E 58th Street Huntington Park, CA - Image 12755 E 58th Street Huntington Park, CA - Image 22755 E 58th Street Huntington Park, CA - Image 3
2 more
2755 E 58th Street Huntington Park, CA - Image 42755 E 58th Street Huntington Park, CA - Image 52755 E 58th Street Huntington Park, CA - Image 6
  • MLS# 21680040
  • 01/20/2021
  • Request Tour
  • Request Info
Presented By: Roderick 'Rick' Raymundo with Marcus & Millichap - 818-219-6146
  • Beds • 14
  • Baths • 9
  • SQFT • 5,864
  • Year Built • 1930

Home Details

The property sits on 6,682 square feet of land and consists of five two-bedroom units and four one-bedroom units totaling 5,864 rentable square feet. A new owner will benefit from multiple enclosed garages providing space for eight vehicles or for additional storage. There is also potential to create an additional income stream via the currently unused laundry room located at the rear of the property. This offering is a true value-add opportunity with approximately 46% upside in rents. The average rent at 2755 E 58th Street is only $1,100 per unit while similar one-bedroom units in Huntington Park are averaging $1,550 per month and two-bedroom units are achieving $1,800 per month. With a proper renovation program, a savvy investor can realize the delta between current and market rents to dramatically improve income. The property is ideally situated approximately 4.5 miles from DTLA and among the 10, 5, 710, 105, and 110 Freeways.
Presented By: Roderick 'Rick' Raymundo with Marcus & Millichap - 818-219-6146

Interior Features for 2755 E 58th Street

Other Interior Features

Total Stories2

General for 2755 E 58th Street

Listing AgentRoderick 'Rick' Raymundo - BRE#01357019
Listing Agent State License01357019
Lot Size Square Feet6682
MLS AreaT1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
StatusActive
Total Units9
ZoningHPR3YY

Exterior for 2755 E 58th Street

Lot Size Acres0.15
Lot Size Area6682
Lot Size SourceEstimated
Lot Size UnitsSquare Feet
Number of Buildings1

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $1,900,000
MLS#21680040
List Date 01/20/2021
Property Type Income
Phone 310.658.1749
Request Tour
Request Info
Visit My Website

Similar Properties to 2755 E 58th Street