Four-Unit Residential Income
For Sale
$1,100,000
6245 State ST, Huntington Park, CA 90255
Four-unit residential building offers a mix of 3-, 2-, and 1-bedroom layouts, each with its own oversized 1-car garage.
Property Size3,952 SF
Price / SF$278.34
Days on Market115
Property Features for 6245 State ST
General Information
Standard status
Active
Size
3,952 SF
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
CENTURY 21 REALTY MASTERS
(323) 722-7300
Listed By:
XIMENA SALINAS MONTALVO · License #02191705
(626) 818-4301
Source:
Exitrealty
Added: May 16
Changed: Sep 1
Last Checked: Sep 6 at 7:20AM
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 CENTURY 21 REALTY MASTERS
Investment Insights
Based on property information with market context.
This four-unit residential income property includes a mix of unit sizes and layouts. One unit is a 3-bedroom, 2-bath home with access to a rear yard. Two separate 2-bedroom, 1-bath units are included, and the upper 2-bedroom unit has a balcony. The fourth unit is a 1-bedroom, 1-bath downstairs configuration. Each of the four units has its own oversized 1-car garage.
The building is positioned for convenience, with close proximity to LAX, SoFi Stadium Hub, and Downtown Los Angeles restaurants and shops. Walk Score is listed as 89 (Very Walkable), Bike Score as 59 (Bikeable), and Transit Score as 53 (Good Transit).
The property totals 3,952 square feet of living area and is offered as a four-unit investment opportunity with potential for rental income from the additional units.
The building is positioned for convenience, with close proximity to LAX, SoFi Stadium Hub, and Downtown Los Angeles restaurants and shops. Walk Score is listed as 89 (Very Walkable), Bike Score as 59 (Bikeable), and Transit Score as 53 (Good Transit).
The property totals 3,952 square feet of living area and is offered as a four-unit investment opportunity with potential for rental income from the additional units.
Key Highlights
- Four‑unit residential building with 3-, 2-, and 1‑bedroom layouts totaling 3,952 sqft
- Unit mix: (1) 3BR/2BA with access to rear yard, (2) 2BR/1BA upstairs units, and (1) 1BR/1BA downstairs unit
- Each unit has its own oversized 1‑car garage
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
$69,016
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
6.27%
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%
$1,380,320
$1.4M
Cap Rate 7%
$985,943
$985.9K
Cap Rate 9%
$766,844
$766.8K
Market Conditions
NOI Build-Up for 3,952 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
$106.7K $27.00/SF
− Vacancy
−$8.1K −$2.05/SF
EGI
$98.6K $24.95/SF
− OpEx
−$29.6K −$7.48/SF
NOI
$69.0K $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%
$1,380,320
Cap Rate 7%
$985,943
Cap Rate 9%
$766,844
Alternative Uses
Best Use
Multifamily LT 5
$985.9K
$862.7K – $1.15M
NOI $69,016 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$908.4K
$794.9K – $1.06M
NOI $63,591 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,112 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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?
Quadplex - Four-unit residential building offers a mix of 3-, 2-, and 1-bedroom layouts, each with its own oversized 1-car garage.
Where is this quadplex located?
The property is located at 6245 State ST Huntington Park, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit residential building with 3-, 2-, and 1‑bedroom layouts totaling 3,952 sqft; Unit mix: (1) 3BR/2BA with access to rear yard, (2) 2BR/1BA upstairs units, and (1) 1BR/1BA downstairs unit; Each unit has its own oversized 1‑car garage
