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 Market187
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
(323) 202-5885
Source:
Archetyperealty
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 27 at 1:38AM
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.
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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 / Yr
$46,174
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
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
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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?
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.
