2588 Poplar Place

Huntington Park, CA 90255

$1,385,000
Last Sold Price
8
Beds
4,692 Sq. Ft.
$295 / Sq. Ft.
4,692
Sq. Ft.
$295
per Sq. Ft.

Description

We are pleased to offer for sale this 7 unit investment property located in the Unincorporated Area in the city of Huntington Park. The subject property is comprised of 2 structures, one structure with 1 (2Bed/1Bath) & 2 (1Bed/1Bath Units), and a second structure with 4(1Bed/1Bath) units. The current owner has kept the rental rates well below market, making this a great opportunity for the savvy investor to reposition the property and take advantage of potential upside in rental income!We are pleased to offer for sale this 7 unit investment property located in the Unincorporated Area in the city of Huntington Park. The subject property is comprised of 2 structures, one structure with 1 (2Bed/1Bath) & 2 (1Bed/1Bath Units), and a second structure with 4(1Bed/1Bath) units. The current owner has kept the rental rates well below market, making this a great opportunity for the savvy investor to reposition the property and take advantage of potential upside in rental income!
  1. Listed by Gil Legaspi • DRE #01265976 • Brokerage DRE #02186097 • Legaspi Commercial • 562-305-0788

Property Details for 2588 Poplar Place

Parking Spaces Total
4
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4692
Assessor Parcel Number
6202-033-007
Property Attached YN
true

Location

Listing Courtesy of Legaspi Commercial, Gil Legaspi, DRE #01265976

Sold By Home Central Realty, Miguel Vazquez, DRE #01717478

Add your commute
LISTING UPDATED: 07/26/2023 03:37 AM

Property Details for 2588 Poplar Place

StatusClosed
MLS #DW23043101
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1937
Lot Size0.22 AC / 9,652 SF
CountyLos Angeles County

Location

Listing Courtesy of Legaspi Commercial, Gil Legaspi, DRE #01265976

Sold By Home Central Realty, Miguel Vazquez, DRE #01717478

Add your commute

Building Information for 2588 Poplar Place

Stories2Residences-Year Built1937Building Size-Lot Size0.22 AC / 9,652 SF

Payment Calculator

$8,382 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,559

Property Taxes

$823

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2588 Poplar Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $72,936
  • Gross Scheduled Income: $72,936
  • Net Operating Income: $45,497
  • Financing: Conventional
Expense Details
  • Operating Expense: $25,251
  • Fuel Expense: $80
  • Electric Expense: $314
  • Insurance Expense: $1,258
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $1,563
  • Total Expenses: $25,251
Tax / Assessment Info
  • Tax Tract Number: 3992
  • Tax Census Tract: 5355.01
  • Tax Lot: 376
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • 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: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • 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: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,170
  • Unit Type Total Rent: $1,170
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $770
  • Unit Type Total Rent: $770
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $740
  • Unit Type Total Rent: $740
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $798
  • Unit Type Total Rent: $798
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 7
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 2588 Poplar Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2588 Poplar Place

Taxable ValueLand$140,972Additions$303,082Total$444,054
Tax Record2023$9,876 ($823 / month)
Home Facts
Total Finished SqFt4,692 SqFtAbove Grade Finished SqFt4,692 SqFtLot Size9,657 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningLCR35000*CountyLOS ANGELESAPN6202-033-007

Schools near 2588 Poplar Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - K to 5
Rating
School
Distance
Liberty Boulevard Elementary School
PublicK to 5

Discovery Charter Preparatory No. 2
Charter9 to 12

Ingenium Charter School
CharterK 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.

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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 Legaspi Commercial, Gil Legaspi, DRE #01265976

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.