6822 Marbrisa Avenue
6822 Marbrisa Avenue
$1,700,000
10
9
5,424
5,424
$313
Sold 7/18/23
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.
- Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01240999 • Marcus & Millichap
- Listed by Steven Bogoyevac • DRE #01332755 • Steven M. Bogoyevac, Broker
Property Details for 6822 Marbrisa Avenue
Zoning
HRP3*
Parcel Number6321024026
Total Units9.0
Living Area5424
Source Living AreaVendor Enhanced
AreaVernon, Maywood, Hunt Pk & Bell, N of Florence, W of 710
Vacancy Rate3%
Lot Size Area16980
Location
LISTING UPDATED: 07/25/2023 07:09 PM
Property Details for 6822 Marbrisa Avenue
Status | Sold |
---|---|
MLS # | 22-193674 |
Days on Market | 268 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1926 |
Lot Size | 0.39 AC / 16,980 SF |
County | Los Angeles County |
Location
Building Information for 6822 Marbrisa Avenue
Stories-Residences-Year Built1926Building Size-Lot Size0.39 AC / 16,980 SF
Payment Calculator
$10,029 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6822 Marbrisa Avenue
Property History for 6822 Marbrisa Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Linda Esperanza Marquez High B Libra Academy 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.
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