Multi-Structure Apartment
For Sale
$4,488,888
3700 E 61st St, Huntington Park, CA 90255
Four separate buildings provide varied unit layouts, on-site laundry, storage, and parking across a corner-lot setting.
Property Size12,014 SF
Lot Size0.52 Acres
Days on Market47
Property Features for 3700 E 61st St
General Information
Standard status
Active
Size
12,014 SF
Total Parking Spaces
16
Lot size
0.52 Acres
Property subtype
Multifamily
Financials
Asking Price
$4,488,888
Cap Rate
7.44%
Gross Rent Multiplier
9.36
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
16
Amenities
on-site laundry
private storage
15+1 NC unit multifamily investment opportunity in Huntington Park, situated on an expansive 22,730 SF corner lot at E. 61st Street and Loma Vista Avenue.
Each of the three 4-unit buildings features its own dedicated onsite laundry room with a washer, dryer, and dedicated water heater.
Offered at $4,488,888 ($299,259/unit), the offering reflects a 7.44% current cap rate and 9.36 GRM on in-place income.
Building Details
Building Size
12,014 SF
Buildings
4
Units
16
Listing Agency:
Marcus & Millichap
Listed By:
Neema Ahadian · License #License(s): CA: 01346750
(310) 909-5444
Source:
Marcusmillichap
Added: Sep 20
Changed: Oct 25
Last Checked: Nov 4 at 9:40AM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
This 1927 apartment property contains 12,014 SF across four separate structures on a 22,730 SF corner lot. The configuration includes a front duplex and rear duplex at 3700 E. 61st Street, plus three separate two-story, four-unit buildings at 3710, 3714, and 3718 E. 61st Street, for a 15+1 NC unit composition.
The property includes approximately 16 total parking spaces, including 12 carport spaces serving the three four-unit buildings, three additional carport spaces, and a single-car garage at the 3700 parcel. Twelve private storage units are positioned above the carports. Each four-unit building has a dedicated laundry room with a washer, dryer, and water heater. All four structures are separately metered for gas and electricity. Existing exterior carports may offer ADU conversion potential, subject to buyer verification. In-place operations reflect a 7.44% cap rate and 9.36 GRM, with a stated 7.88% pro forma cap rate and 8.74 GRM.
The property includes approximately 16 total parking spaces, including 12 carport spaces serving the three four-unit buildings, three additional carport spaces, and a single-car garage at the 3700 parcel. Twelve private storage units are positioned above the carports. Each four-unit building has a dedicated laundry room with a washer, dryer, and water heater. All four structures are separately metered for gas and electricity. Existing exterior carports may offer ADU conversion potential, subject to buyer verification. In-place operations reflect a 7.44% cap rate and 9.36 GRM, with a stated 7.88% pro forma cap rate and 8.74 GRM.
Key Highlights
- 15+1 NC‑unit composition across four separate structures
- 22,730 SF corner lot with 12,014 SF of property size
- Approximately 16 total parking spaces, including carports and a single‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,315
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,866,300
$3.9M
Cap Rate 7%
$2,761,643
$2.8M
Cap Rate 9%
$2,147,944
$2.1M
Market Conditions
NOI Build-Up for 12,014 SF
Gross rent
$382.0K $31.80/SF
− Vacancy
−$30.6K −$2.54/SF
EGI
$351.5K $29.26/SF
− OpEx
−$158.2K −$13.17/SF
NOI
$193.3K $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 Rate 5%
$3,866,300
Cap Rate 7%
$2,761,643
Cap Rate 9%
$2,147,944
Alternative Uses
Best Use
Apartment 5plus
$2.76M
$2.42M – $3.22M
NOI $193,315 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.43M
$5.63M – $7.50M
NOI $450,257 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
16
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,133
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four separate buildings provide varied unit layouts, on-site laundry, storage, and parking across a corner-lot setting.
Where is this apartment building located?
The property is located at 3700 E 61st St Huntington Park, CA.
What is the asking price?
The asking price for this property is $4,488,888.
What are key features of this property?
This property features: 15+1 NC‑unit composition across four separate structures; 22,730 SF corner lot with 12,014 SF of property size; Approximately 16 total parking spaces, including carports and a single‑car garage
