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Sold for $1,765,000 on 04/30/24
  • Listing Provided by: 

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with: CB RICHARD ELLIS
    $1,765,000

    2755 E 58th St, Huntington Park, CA 90255

    14beds
    9baths
    5,864sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $301/sqft
    $3,108 Estimated rent

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    $11,097/mo

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    $11,097/mo

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    What's special

    We are proud to present the opportunity to purchase 2755 E 58th Street, a 9-unit multifamily complex located in Huntington Park, CA. 2755 E 58th Street is in the Southeast region of Los Angeles County, just minutes from major employment hubs like DTLA and City of Commerce. The property is conveniently centered between several major freeways - 10, 60, 710, 5, 105, and 110 - providing direct access to frequently visited areas in the San Fernando Valley, DTLA, Long Beach, and Orange County. Iconic attractions within a 15-mile radius include Hollywood Walk of Fame, Hollywood Bowl, Dodger Stadium, SOFI Stadium, and more. University of Southern California, East LA Community College, and Cal State Los Angeles University are also a short drive from the property. Additionally, the property is located just steps from Pacific Blvd - the heaviest retail corridor in Huntington Park. Some popular local retail amenities that can be found there are Walgreens, Harbor Freight Tools, Ross, Starbucks Coffee, and In-N-Out, to name a few. 2755 E 58th Street is a 2-story multifamily complex that offers approximately 5,864 SF of rentable living space and sits on approximately 7,000 SF of land. The property features 4, one-bedroom/one-bathroom units and 5, two-bedroom/one-bathroom units averaging 560 SF and 725 SF, respectively. There are currently 2, two-car garages and 4, single-car garages that can potentially be converted into additional living space via ADU capabilities (buyer to verify) and an unused laundry facility that can generate future income once put back into service. Current ownership has owned and self-managed 2755 E 58th Street for nearly three decades. Some recent improvements made to the property include a new mainline that was replaced within the last 12 months and newer sub panels that were replaced within the last 10 years.

    Zillow last checked: 8 hours ago

    Listing updated: April 30, 2024 at 05:11pm

    Listing Provided by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    Eric Chen, DRE #01489184

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV24035408MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 9
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,864
    • Total interior livable area: 5,864 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage
    • Garage spaces: 8
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 6,681 sqft
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 6309028011
    • Zoning: HPR3YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: Huntington Park

    HOA & financial

    Other financial information
    • Total actual rent: 151267

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan