Updated Huntington Park Income
For Sale
$1,550,000
2918 Randolph, Huntington Park, CA 90255
Updated 4-unit property near schools, shopping, and transportation.
Property Size2,644 SF
Days on Market142
Property Features for 2918 Randolph
General Information
Standard status
Active
Size
2,644 SF
Property subtype
Quadruplex
Building Details
Building Size
2,644 SF
Year Built
1925
Listing Agency:
Won Suk Kim Real Estate, Inc.
Listed By:
Ixbalanque Garcia · License #02035537
(562) 474-1722
Source:
Archetyperealty
Added: Apr 24
Changed: Sep 10
Last Checked: Sep 12 at 8:07AM
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 Won Suk Kim Real Estate, Inc.
Investment Insights
Based on property information with market context.
This updated 4-unit residential income property is located in Huntington Park. The property features a unit mix of one 4-bed, 3-bath unit, one 3-bed, 2-bath unit, and two 2-bed, 2-bath units situated above the garage area. It may qualify for FHA financing, making it suitable for an owner-user or investor. There are two empty garages with potential for conversion into an ADU. The property includes separate gas and electric meters and is situated on a generous lot. It is conveniently located across from Huntington Park High School and near parks, shopping, restaurants, Target, Costco, and public transportation, with easy access to the 710, 5, 605, and 105 freeways. This property presents a value-add opportunity with rental potential in a desirable rental market. The bike score is 59, indicating it is bikeable. The walk score is 89, indicating it is very walkable. The transit score is 53, indicating good transit.
Key Highlights
- Updated 4‑unit residential income property with a strong unit mix.
- FHA financing eligibility makes it ideal for owner‑users or investors.
- Two empty garages offer ADU conversion potential for increased rental income.
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
$46,174
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
2.98%
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%
$923,480
$923.5K
Cap Rate 7%
$659,629
$659.6K
Cap Rate 9%
$513,044
$513.0K
Market Conditions
NOI Build-Up for 2,644 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
$71.4K $27.00/SF
− Vacancy
−$5.4K −$2.05/SF
EGI
$66.0K $24.95/SF
− OpEx
−$19.8K −$7.48/SF
NOI
$46.2K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$923,480
Cap Rate 7%
$659,629
Cap Rate 9%
$513,044
Alternative Uses
Best Use
Multifamily LT 5
$659.6K
$577.2K – $769.6K
NOI $46,174 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$607.8K
$531.8K – $709.1K
NOI $42,544 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,091 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,663
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated 4-unit property near schools, shopping, and transportation.
Where is this quadplex located?
The property is located at 2918 Randolph Huntington Park, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Updated 4‑unit residential income property with a strong unit mix.; FHA financing eligibility makes it ideal for owner‑users or investors.; Two empty garages offer ADU conversion potential for increased rental income.
