Eight-Unit Multifamily Apartment
For Sale
$1,395,000
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$262.37
Days on Market97
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: Sep 4
Last Checked: Sep 4 at 9:30AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,555
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,269 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 $1,395,000.
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
