6368 Arbutus Avenue

Huntington Park, CA 90255

$3,425,000
Price
13
Beds
15
Baths
8,730 Sq. Ft.
$392 / Sq. Ft.
8,730
Sq. Ft.
$392
per Sq. Ft.

Description

Introducing the opportunity to acquire this 15-unit investment property in prime Huntington Park. The subject property is comprised of two separate parcels with a combined unit mix Fourteen 1 bedroom + 1 bath units and One commercial/retail storefront. The units are spread out among the two parcels with frontage on Arbutus Avenue and Gage Avenue for an aggregate lot size of almost 15,000 SF! Onsite garages are available for residential units and offer investors an opportunity to boost income by adding...Introducing the opportunity to acquire this 15-unit investment property in prime Huntington Park. The subject property is comprised of two separate parcels with a combined unit mix Fourteen 1 bedroom + 1 bath units and One commercial/retail storefront. The units are spread out among the two parcels with frontage on Arbutus Avenue and Gage Avenue for an aggregate lot size of almost 15,000 SF! Onsite garages are available for residential units and offer investors an opportunity to boost income by adding multiple ADUs per parcel (buyers to verify). The Arbutus Apartments offer plenty of upside potential in rental income to an investor looking for an immediate high dollar return with room to grow. Separately metered for gas and electricity. Tenants enjoy a close proximity to dining and shopping along Pacific Blvd and several area schools are a short distance away. The site is strategically located minutes to Downtown Los Angeles, Arts District, and easy access to the 710, 10, 5, 101, and 60 Freeways.
  1. Listed by Enrique Viramontes • DRE #01372010 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 6368 Arbutus Avenue

Zoning
HPCN*
Parcel Number
6319007024
Total Units
15.0
Living Area
8730
Source Living Area
Assessor
Area
Vernon, Maywood, Hunt Pk & Bell, N of Florence, W of 710
Vacancy Rate
1%
Lot Size Area
14891

Location

Listing Courtesy of Remax Commercial and Investment Realty, Enrique Viramontes, DRE #01372010
Add your commute
LISTING UPDATED: 04/04/2024 11:18 AM

Property Details for 6368 Arbutus Avenue

StatusActive
MLS #23-297359
Days on Market267
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.34 AC / 14,891 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Enrique Viramontes, DRE #01372010
Add your commute

Building Information for 6368 Arbutus Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.34 AC / 14,891 SF

Payment Calculator

$21,405 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,692

Property Taxes

$2,713

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6368 Arbutus Avenue

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 11
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $265,993
  • Net Operating Income: $175,165.00
  • Gross Income: $268,680
  • Cap Rate: 5.11%
  • Gross Rent Multiplier: $12.75
  • Total Annual Expense: 90828
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2423
  • Lot Size Square Feet: 14891
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 14
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-03-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,480.00
  • Unit Actual Rent: $19,240.00
  • Unit Projected Rent: $23,400.00
  • Like Units: 13
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,485.00
  • Unit Actual Rent: $1,485.00
  • Unit Projected Rent: $1,495.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,490.00
  • Unit Actual Rent: $1,490.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,648,907.00
  • Assessed Improvement Percent: 80.0
  • Assessed Land Value: $412,226.00
  • Assessed Land Percent: 20
  • Assessed Total Value: $2,061,133.00

Property History for 6368 Arbutus Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6368 Arbutus Avenue

Taxable ValueLand$420,470Additions$1,684,745Total$2,105,215
Tax Record2023$32,557 ($2,713 / month)
Home Facts
Total Finished SqFt5,588 SqFtAbove Grade Finished SqFt5,588 SqFtLot Size10,556 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningHPCN*CountyLOS ANGELESAPN6319-007-024

Schools near 6368 Arbutus 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
San Antonio 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.

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6368 Arbutus Avenue is a multi-family home for sale in Huntington Park, CA 90255. This property was listed for sale on August 3, 2023 by Remax Commercial and Investment Realty, it's currently listed at $3,425,000. This listing's school district is Los Angeles Unified School District. Nearby schools include San Antonio Elementary School, Henry T. Gage Middle School and Linda Esperanza Marquez High C School Of Social Justice. 6368 Arbutus Avenue is a 13-bed, 15-bath, 8,730 sqft multi-family home built in 1929.

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 Remax Commercial and Investment Realty, Enrique Viramontes, DRE #01372010

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.