Eight-Unit Multifamily Apartment
2616 Broadway Huntington Park, CA 90255
2616 Broadway, Huntington Park, CA, 90255
Contact for pricing
For Sale
Contact for pricing
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$296.22
Days on Market51
Property Features for 2616 Broadway
General Information
- Standard status
- Active
- Size
- 5,317 SF
- Property subtype
- Multifamily
Listing agency
Century 21 Jervis & Associates
Listed by
Yehia Zakaria · License #CA 01943432
Source
Crexi
Added: Jun 1 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 11:03AM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.1k | $31.80 |
| − Vacancy | −$13.5k | −$2.54 |
| EGI | $155.6k | $29.26 |
| − OpEx | −$70.0k | −$13.17 |
| NOI | $85.6k | $16.09 |
5,317 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,555 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,269 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
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 $1,575,000.
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
