2538 Hill Street

Huntington Park, CA 90255

$988,000
Price
5
Beds
5
Baths
3,834 Sq. Ft.
$258 / Sq. Ft.
3,834
Sq. Ft.
$258
per Sq. Ft.

Description

This property is situated near the intersection of Broadway/Pacific. It offers a total of 5 one-bedroom units, a spacious studio, and an additional room, providing a diverse range of rental options to cater to various tenant needs. The property boasts two separate buildings. The front structure is a single-story building, emphasizing accessibility and convenience, while the rear building stands as a two-story edifice, offering versatility in accommodating diverse tenant preferences. This property...This property is situated near the intersection of Broadway/Pacific. It offers a total of 5 one-bedroom units, a spacious studio, and an additional room, providing a diverse range of rental options to cater to various tenant needs. The property boasts two separate buildings. The front structure is a single-story building, emphasizing accessibility and convenience, while the rear building stands as a two-story edifice, offering versatility in accommodating diverse tenant preferences. This property benefits from its strategic location within a harmonious mix of smaller apartment complexes and single-family residences. This positioning ensures a vibrant and stable rental market. Notably, this property stands out with one of the largest parcels in the area, translating into a notably spacious and comfortable living environment for tenants. To further enhance its appeal, the front units boast an inviting patio area, providing residents with a serene and pleasant outdoor space to enjoy. Furthermore, this property presents significant potential for increased rental income. Strategic investments in fixtures and overall aesthetics provide ample room for substantial growth in rental revenue, ultimately enhancing its long-term profitability. In summary, this property represents an exceptional investment opportunity, offering a harmonious blend of practicality, growth potential, and tenant satisfaction.
  1. Listed by Justin White • DRE #01267826 • Brokerage DRE #01267826 • Justin White • thesbgbp@gmail.com

Property Details for 2538 Hill Street

Parking Spaces Total
3
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3834
Property Attached YN
true
Common Walls
2+ Common Walls

Location

Listing Courtesy of Justin White, Justin White, DRE #01267826
Add your commute
LISTING UPDATED: 04/23/2024 01:04 AM

Property Details for 2538 Hill Street

StatusActive
MLS #PW23216976
Days on Market152
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
CountyLos Angeles County

Location

Listing Courtesy of Justin White, Justin White, DRE #01267826
Add your commute

Building Information for 2538 Hill Street

Building/Complex2538 Hill StFloor-Stories2Residences-Pet Policy-Year Built1950Building Size-

Payment Calculator

$6,358 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,392

Property Taxes

$966

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2538 Hill Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $61,440
  • Gross Scheduled Income: $61,440
  • Net Operating Income: $28,489
  • Cap Rate: 2.88
Expense Details
  • Operating Expense: $31,108
  • New Taxes Expense: $15,886
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,000
  • Professional Management Expense: $3,072
  • Other Expense: $5,750
  • Trash Expense: $0
  • Water Sewer Expense: $2,400
  • Total Expenses: $31,108
Tax / Assessment Info
  • Tax Tract Number: -
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: -
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $795
  • Unit Type Total Rent: $795
  • Unit Type Pro Forma: 1450
  • 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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $800
  • Unit Type Total Rent: $800
  • Unit Type Pro Forma: 1450
  • 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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $805
  • Unit Type Total Rent: $805
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 3
Unit 4
  • 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 Actual Rent: $825
  • Unit Type Total Rent: $825
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 4
Unit 5
  • 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 Actual Rent: $895
  • Unit Type Total Rent: $895
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 2538 Hill 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 2538 Hill Street

Taxable ValueLand$355,079Additions$319,571Total$674,650
Tax Record2023$11,590 ($966 / month)
Home Facts
Total Finished SqFt3,834 SqFtAbove Grade Finished SqFt3,834 SqFtLot Size8,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLCR305CountyLOS ANGELESAPN6202-002-008

Schools near 2538 Hill 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
Walnut Park Elementary School
PublicK to 5

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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2538 Hill Street is a multi-family home for sale in Huntington Park, CA 90255. This property was listed for sale on October 23, 2023 by Justin White, it's currently listed at $988,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Walnut Park Elementary School, Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy and Linda Esperanza Marquez High A Huntington Park Institute Of Applied Medicine. 2538 Hill Street is a 5-bed, 5-bath, 3,834 sqft multi-family home built in 1950.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Justin White, Justin White, DRE #01267826

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.