Eight-Unit Multifamily Apartment
For Sale
$1,360,000
2616 Broadway, Huntington Park, CA 90255
An 8-unit income property with a mix of studios, one-bedrooms, and two-bedroom units generating current monthly rent.
Property Size5,317 SF
Price / SF$255.78
Days on Market143
Property Features for 2616 Broadway
General Information
Standard status
Active
Size
5,317 SF
Property subtype
Apartment
Additional Details
Multifamily Units
8
Building Details
Building Size
5,317 SF
Year Built
1948
Listing Agency:
Century 21 Jervis & Associates
Listed By:
Yehia Zakaria · License #01943432
(562) 244-3897
Source:
Milsteinestates
Added: Jun 1
Changed: Oct 20
Last Checked: Oct 19 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Jervis & Associates
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Investment Insights
Based on property information with market context.
This offering is an 8-unit multifamily apartment building on an 8,982 SF lot with approximately 5,317 SF of building area. The unit mix includes one 2-bedroom/1.5-bath unit, five 1-bedroom/1-bath units, and two studio units, providing a diversified residential configuration within a single asset.
The property is located in Huntington Park and is described as being near shopping, schools, public transportation, and major freeways, supporting tenant convenience and day-to-day accessibility.
For investors and owner-operators seeking a small-bay multifamily property, the combination of an 8-unit layout and the stated current rental income of approximately $10,450 per month may appeal to those looking to acquire an income-producing asset in Huntington Park. The existing mix of studios, one-bedroom units, and a larger two-bedroom layout can also be a practical fit for households with different space needs.
The property is located in Huntington Park and is described as being near shopping, schools, public transportation, and major freeways, supporting tenant convenience and day-to-day accessibility.
For investors and owner-operators seeking a small-bay multifamily property, the combination of an 8-unit layout and the stated current rental income of approximately $10,450 per month may appeal to those looking to acquire an income-producing asset in Huntington Park. The existing mix of studios, one-bedroom units, and a larger two-bedroom layout can also be a practical fit for households with different space needs.
Key Highlights
- 8‑unit multifamily property in Huntington Park on an 8,982 SF lot with approximately 5,317 SF building area
- Unit mix includes (1) 2 bed/1.5 bath, (5) 1 bed/1 bath, and (2) studio units
- Current monthly rental income is approximately $10,450
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,555
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,711,100
$1.7M
Cap Rate 7%
$1,222,214
$1.2M
Cap Rate 9%
$950,611
$950.6K
Market Conditions
NOI Build-Up for 5,317 SF
Gross rent
$169.1K $31.80/SF
− Vacancy
−$13.5K −$2.54/SF
EGI
$155.6K $29.26/SF
− OpEx
−$70.0K −$13.17/SF
NOI
$85.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,711,100
Cap Rate 7%
$1,222,214
Cap Rate 9%
$950,611
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,555 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,269 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 90255, CA
71,157
Population
19,265
Households
3.7
Avg Household Size
34
Median Age
9%
College-Educated
53%
High-School Grad
3.7 sq mi
ZIP Area
19,232
Density / Sq Mi
$61,376
Median Household Income
$31,695
Median Earnings
$1,443
Median Rent
$562,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - An 8-unit income property with a mix of studios, one-bedrooms, and two-bedroom units generating current monthly rent.
Where is this apartment building located?
The property is located at 2616 Broadway Huntington Park, CA.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: 8‑unit multifamily property in Huntington Park on an 8,982 SF lot with approximately 5,317 SF building area; Unit mix includes (1) 2 bed/1.5 bath, (5) 1 bed/1 bath, and (2) studio units; Current monthly rental income is approximately $10,450
