14-Unit Apartment
For Sale
$2,925,000
2821 Randolph Street, Huntington Park, CA 90255
Corner apartment community with gated access, garage parking, and an on-site laundry facility.
Property Size9,160 SF
Lot Size0.32 Acres
Days on Market78
Property Features for 2821 Randolph Street
General Information
Standard status
Active
Size
9,160 SF
Net Rentable
9,160 SF
Total Parking Spaces
19
Lot size
0.32 Acres
Property subtype
Apartment
Financials
Asking Price
$2,925,000
Cap Rate
5.64%
Gross Rent Multiplier
11
Units
Unit Mix
4 x 2BR/1BA, 10 x 1BR/1BA
Multifamily Units
14
Amenities
private gated entry
onsite laundry facility
Building Details
Building Size
9,160 SF
Year Built
1965
Listing Agency:
RE/MAX 2000 REALTY
(909) 349-0363
Listed By:
Kristopher German · License #01800021
Source:
Archetyperealty
Added: May 27
Changed: Aug 12
Last Checked: Aug 11 at 1:05PM
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 RE/MAX 2000 REALTY
Investment Insights
Based on property information with market context.
Built in 1965, this 14-unit apartment community provides approximately 9,160 rentable square feet on a 13,887-square-foot lot. The unit mix includes four two-bedroom, one-bath residences and ten one-bedroom, one-bath residences. Property amenities include 19 on-site garage parking spaces, private gated entry, and an on-site laundry facility.
The property occupies a corner location in Huntington Park, with shopping, dining, and schools within walking distance. Reported operating metrics include a 5.64% cap rate and an 11 GRM. The asset is located at 2821 Randolph Street, Huntington Park, California 90255.
The property occupies a corner location in Huntington Park, with shopping, dining, and schools within walking distance. Reported operating metrics include a 5.64% cap rate and an 11 GRM. The asset is located at 2821 Randolph Street, Huntington Park, California 90255.
Key Highlights
- 14‑unit apartment community with four 2‑Bed/1‑Bath and ten 1‑Bed/1‑Bath units
- Approximately 9,160 rentable SF on a 13,887 sq. ft. lot
- 19 on‑site garage parking spaces
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
$147,392
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
5.04%
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%
$2,947,840
$2.9M
Cap Rate 7%
$2,105,600
$2.1M
Cap Rate 9%
$1,637,689
$1.6M
Market Conditions
NOI Build-Up for 9,160 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
$291.3K $31.80/SF
− Vacancy
−$23.3K −$2.54/SF
EGI
$268.0K $29.26/SF
− OpEx
−$120.6K −$13.17/SF
NOI
$147.4K $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%
$2,947,840
Cap Rate 7%
$2,105,600
Cap Rate 9%
$1,637,689
Alternative Uses
Best Use
Apartment 5plus
$2.11M
$1.84M – $2.46M
NOI $147,392 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.90M
$4.29M – $5.72M
NOI $343,296 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
1,529
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 - Corner apartment community with gated access, garage parking, and an on-site laundry facility.
Where is this apartment building located?
The property is located at 2821 Randolph Street Huntington Park, CA.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: 14‑unit apartment community with four 2‑Bed/1‑Bath and ten 1‑Bed/1‑Bath units; Approximately 9,160 rentable SF on a 13,887 sq. ft. lot; 19 on‑site garage parking spaces
