Huntington Park Triplex Investment
For Sale
$750,000
6121 Miles Avenue Unit 2, Huntington Park, CA 90255
Well-maintained triplex with income potential in Huntington Park.
Property Size1,960 SF
Price / SF$382.65
Days on Market147
Property Features for 6121 Miles Avenue Unit 2
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Residential Income
Zoning
HPR4
Net Operating Income
$4,800
Building Details
Year Built
1923
Buildings
2
Units
3
Listing Agency:
T.N.G.Real Estate Consultants
(562) 455-6569
Listed By:
Rosie Garcia · License #01142854
(562) 455-6569
Source:
Compass
Added: Mar 31
Changed: Aug 23
Last Checked: Aug 22 at 6:53AM
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 T.N.G.Real Estate Consultants
Investment Insights
Based on property information with market context.
This well-maintained triplex in Huntington Park presents an investment opportunity with income potential. The property features a front duplex, with each unit offering 2 bedrooms and 1 bathroom. A studio ADU, newly built 2 years ago with permits, is located in the back. The property includes a long driveway with ample parking in the rear. Each of the 3 units has separate gas and electrical meters. Washer and dryer hook-ups are located outside each unit. Recent improvements include electrical repairs completed on the front units. Unit #2 features newer interior paint, recessed lighting, and a new toilet. All units are in good condition and offer excellent potential for owner-occupants or investors. The Huntington Park location is close to shopping, schools, and transportation.
Key Highlights
- Great income potential from well‑maintained triplex.
- Newly built studio ADU completed with permits.
- Separate gas & electrical meters for all 3 units.
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
$34,229
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
4.56%
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%
$684,580
$684.6K
Cap Rate 7%
$488,986
$489.0K
Cap Rate 9%
$380,322
$380.3K
Market Conditions
NOI Build-Up for 1,960 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
$52.9K $27.00/SF
− Vacancy
−$4.0K −$2.05/SF
EGI
$48.9K $24.95/SF
− OpEx
−$14.7K −$7.48/SF
NOI
$34.2K $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%
$684,580
Cap Rate 7%
$488,986
Cap Rate 9%
$380,322
Alternative Uses
Best Use
Multifamily LT 5
$489.0K
$427.9K – $570.5K
NOI $34,229 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$450.5K
$394.2K – $525.6K
NOI $31,538 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.05M
$918.2K – $1.22M
NOI $73,456 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,838
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?
Triplex - Well-maintained triplex with income potential in Huntington Park.
Where is this triplex located?
The property is located at 6121 Miles Avenue Unit 2 Huntington Park, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Great income potential from well‑maintained triplex.; Newly built studio ADU completed with permits.; Separate gas & electrical meters for all 3 units.
