For Sale $988,000
Property Type Multi-Family
Property Size 3,834 SF
Units 5
Lot Size 8,779 Acre
Property Tenancy Multi-Tenant
Year Built 1950
Date Updated Feb 20, 2024

Multifamily building on a residential street in the Walnut Park neighborhood of Huntington Park.This property is situated near the intersection of Broadway/Pacific in South Huntington Park, close to Walnut Park. It offers a total of 5 one-bedroom units, plus a non-conforming studio and a non-conforming additional room providing a diverse range of rental options to cater to various tenant needs.The property boasts two separate buildings. The front structure is a single-story building, emphasizing accessibility and convenience, while the rear building stands as a two-story edifice, offering versatility in accommodating diverse tenant preferences. This property benefits from its strategic location within a harmonious mix of smaller apartment complexes and single-family residences. This positioning ensures a vibrant and stable rental market. Residents also enjoy the added convenience of on-site laundry facilities discreetly placed at the rear of the building, underscoring our dedication to tenant satisfaction. Notably, this property stands out with one of the largest parcels in the area, translating into a notably spacious and comfortable living environment for tenants. To further enhance its appeal, the property features an inviting patio area situated at the front of the primary building, providing residents with a serene and pleasant outdoor space to enjoy. Furthermore, this property presents significant potential for increased rental income. Strategic investments in fixtures and overall aesthetics provide ample room for substantial growth in rental revenue, ultimately enhancing its long-term profitability. In summary, this property represents an exceptional investment opportunity, offering a harmonious blend of practicality, growth potential, and tenant satisfaction.

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Highlights

Majority 1-bedroom units
Largest parcel in neighborhood
Surrounded by SFR and residential apartments
Not subject to LA City rent control
65% upside potential in rental income

Contacts

Justin Nguyen

Centennial Advisers

(714) 213-9228

Location

Getting Around

Walk Score ®
79/100 Very Walkable
Bike Score ®
54/100 Bikeable

Map
Street

City Huntington Park, CA
Neighborhood Huntington Park
Zip Code 90255
Market Los Angeles

Points of Interest

Florence

1.07 miles
Firestone

1.09 miles
Slauson

1.79 miles
103rd Street/Watts Towers

1.97 miles
Vernon

2.67 miles
Willowbrook/Rosa Parks

2.79 miles
Long Beach Boulevard

3.09 miles
Avalon

3.55 miles
Washington

3.76 miles
Harbor Freeway

4.13 miles

Speedway Express

1.60 miles
Chevron

1.99 miles
Shell

2.26 miles
Valero

2.54 miles
Chevron

2.55 miles
Shell

2.67 miles
76

2.71 miles
Food 4 Less

2.81 miles
76

3.23 miles
Arco

3.63 miles

Metro Park and Ride

1.04 miles
LADWP Lot

1.96 miles
Metro Park and Ride

2.06 miles
Century Sheriff's Station

2.71 miles
Willowbrook Park And Ride

2.86 miles
Long Beach Blvd Park And Ride

3.07 miles
Long Beach Blvd Park And Ride

3.09 miles
Manchester Park And Ride

3.13 miles
Manchester Park And Ride

3.20 miles
Slauson Park And Ride

3.39 miles

Central Inn

1.88 miles
Travelodge Inn & Suites by Wyndham Bell Los Angeles Area

2.34 miles
Diamond Inn

2.57 miles
Rodeway Inn South Gate - Los Angeles South

2.73 miles
Travelodge by Wyndham Lynwood

2.94 miles
Polaris Motel

3.40 miles
El Don Motel

3.47 miles
Quality Inn & Suites Bell Gardens-Los Angeles

3.55 miles
Days Inn & Suites by Wyndham South Gate

3.70 miles
Travel Inn Motel

3.73 miles

Gloria's Restaurant

0.06 miles
El Sinaloense

0.23 miles
Tacos El Gavilan

0.55 miles
Carl's Jr.

0.57 miles
Carl's Jr.

0.73 miles
Avila’s El Ranchito

0.81 miles
Leonardos De Huntington Park

1.05 miles
Ray's BBQ

1.35 miles
In-N-Out Burger

1.36 miles
La Barca

1.49 miles

Walnut Park Elementary School

0.14 miles
Redeemer Lutheran School

0.44 miles
Liberty Elementary School

0.51 miles
Saint Aloysius School

0.56 miles
South Gate Educational Center (East Los Angeles College)

0.64 miles
Graham Elementary School

0.81 miles
Florence Ave School

0.82 miles
State Street Elementary School

0.86 miles
Saint Matthias School

0.87 miles
Miles Elementary School

0.87 miles

Codela Pre-School

3.46 miles
Ralph M. Parsons Preschool

4.70 miles
Rancho Los Amigos Daycare

4.89 miles
HIC Daycare

5.14 miles
The Learning Box Childcare & Enrichment Center Inc

5.27 miles
Vernon Adult Day Program

5.76 miles
Centro de Ninos

6.30 miles
Gates Early Education Center

7.35 miles
South Bay Universal Development Center

7.96 miles
injoy life

9.17 miles

Frequently Asked Questions

What is the lease rate for 2538-2540 Hill Street?

Rental asking rate at 2538-2540 Hill Street is $494,000.00/YR.

What is the total square footage of 2538-2540 Hill Street?

2538-2540 Hill Street totals 3,834 square feet.

When was this property built?

2538-2540 Hill Street was built in 1950.

Looking for more in-depth information on this property?

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Contact Listing Broker

Justin Nguyen

Centennial Advisers

(714) 213-9228

2538-2540 Hill Street