6822 Marbrisa Avenue

Huntington Park, CA 90255

$1,700,000
Last Sold Price
10
Beds
9
Baths
5,424 Sq. Ft.
$313 / Sq. Ft.
5,424
Sq. Ft.
$313
per Sq. Ft.

Description

We are pleased to present an exciting investment opportunity at 6822 Marbrisa Avenue, a 9-unit multifamily property located in Huntington Park, California. This Southeast Los Angeles submarket serves a large, dense rental pool, and has one of the lowest vacancy rates in the Los Angeles area. The property itself offers nearly 5,424 square feet of living space across a renter-friendly,single-story layout featuring eight one-bedroom/one-bath units and an additional two-bedroom/one-bath unit. Units sit...We are pleased to present an exciting investment opportunity at 6822 Marbrisa Avenue, a 9-unit multifamily property located in Huntington Park, California. This Southeast Los Angeles submarket serves a large, dense rental pool, and has one of the lowest vacancy rates in the Los Angeles area. The property itself offers nearly 5,424 square feet of living space across a renter-friendly,single-story layout featuring eight one-bedroom/one-bath units and an additional two-bedroom/one-bath unit. Units sit on a 16,980 square foot corner lot, organized into six separate structures: three duplexes and three standalone units. There is also ample onsite enclosed garage parking. Investors will have the opportunity to implement a systematic renovation program focused on revenue generating improvements. They can then reposition the property among market leaders and increase rental income by approximately 39.1% percent. It is also conveniently located close to a developed shopping district with many national retailers and gives tenants easy access to I-710 and I-5 freeways.
  1. Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Steven Bogoyevac • DRE #01332755 • Steven M. Bogoyevac, Broker

Property Details for 6822 Marbrisa Avenue

Zoning
HRP3*
Parcel Number
6321024026
Total Units
9.0
Living Area
5424
Source Living Area
Vendor Enhanced
Area
Vernon, Maywood, Hunt Pk & Bell, N of Florence, W of 710
Vacancy Rate
3%
Lot Size Area
16980

Location

Listing Courtesy of Marcus & Millichap, Oscar Diaz, DRE #02022902; Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755

Sold By Marcus & Millichap, Oscar Diaz, DRE #02022902; Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755

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LISTING UPDATED: 07/25/2023 07:09 PM

Property Details for 6822 Marbrisa Avenue

StatusSold
MLS #22-193674
Days on Market268
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.39 AC / 16,980 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Oscar Diaz, DRE #02022902; Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755

Sold By Marcus & Millichap, Oscar Diaz, DRE #02022902; Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755

Add your commute

Building Information for 6822 Marbrisa Avenue

Stories-Residences-Year Built1926Building Size-Lot Size0.39 AC / 16,980 SF

Payment Calculator

$10,029 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$751

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6822 Marbrisa Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 7
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Court Approval Required
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $108,659
  • Net Operating Income: $52,351.00
  • Gross Income: $112,020
  • Gross Rent Multiplier: $18.75
  • Vacancy Allow Dollar: $3,361.00
  • Total Annual Expense: 56308
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3898
  • Lot Size Square Feet: 16980
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached
  • Total Parking: 9
  • Garage Spaces Total: 9
  • Attached Garage: No
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-26-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,017.00
  • Unit Actual Rent: $8,135.00
  • Unit Projected Rent: $13,035.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $193,307.00
  • Assessed Improvement Percent: 43.91
  • Assessed Land Value: $246,902.00
  • Assessed Land Percent: 56.09
  • Assessed Total Value: $440,209.00

Property History for 6822 Marbrisa 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 6822 Marbrisa Avenue

Taxable ValueLand$256,876Additions$201,116Total$457,992
Tax Record2023$9,006 ($751 / month)
Home Facts
Total Finished SqFt5,424 SqFtAbove Grade Finished SqFt5,424 SqFtLot Size16,980 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningHRP3*CountyLOS ANGELESAPN6321-024-026

Schools near 6822 Marbrisa Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Charter - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Middleton Street Elementary School
Public1 to 6

KIPP Scholar Academy
Charter5 to 8

Huntington Park Senior High School
Public9 to 12

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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Similar Sold Homes

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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 Marcus & Millichap, Oscar Diaz, DRE #02022902; Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755

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.