Value-Add Duplex
6505 Albany ST Huntington Park, CA 90255
For Sale
$600,000
Duplex with a vacant front unit and a tenant-occupied rear unit on a single lot with a long driveway.
Property Size1,896 SF
Lot Size0.16 Acres
Price / SF$316.46
Days on Market24
Property Features for 6505 Albany ST
General Information
- Standard status
- Active
- Size
- 1,896 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1936
Listing Agency:
SOUTHLAND Real Estate Service
(323) 855-8568
Listed By:
Sergio Labra · License #00915475
(323) 855-8568
Source:
Exitrealty
Added: Jun 30
Changed: Jul 23
Last Checked: Jul 23 at 9:02AM
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 SOUTHLAND Real Estate Service
Investment Insights
Based on property information with market context.
This value-add duplex includes two separate homes on one lot. The front 2-bedroom, 1-bath home also has a bonus room and will be delivered vacant at close of escrow. The rear 1-bedroom, 1-bath home is tenant occupied. Both units require repairs and updating, providing an opportunity for investors, contractors, or owner-users to add value.
The property includes a long driveway intended for ample parking. It is conveniently located near schools, shopping, and transportation.
Offered for sale in present AS-IS condition, this duplex is positioned for buyers looking to handle needed improvements as part of their plan.
The property includes a long driveway intended for ample parking. It is conveniently located near schools, shopping, and transportation.
Offered for sale in present AS-IS condition, this duplex is positioned for buyers looking to handle needed improvements as part of their plan.
Key Highlights
- Duplex on a single 6,917 sq. ft. lot with a total of approximately 1,896 sq. ft.
- Front unit: 2BR/1BA plus bonus room; delivered vacant at close of escrow.
- Rear unit: 1BR/1BA; currently tenant occupied.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.2k | $27.00 |
| − Vacancy | −$3.9k | −$2.05 |
| EGI | $47.3k | $24.95 |
| − OpEx | −$14.2k | −$7.48 |
| NOI | $33.1k | $17.46 |
1,896 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.0K
$413.9K – $551.9K
NOI $33,111 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$435.8K
$381.4K – $508.5K
NOI $30,508 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.02M
$888.2K – $1.18M
NOI $71,058 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with a vacant front unit and a tenant-occupied rear unit on a single lot with a long driveway.
Where is this duplex located?
The property is located at 6505 Albany ST Huntington Park, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Duplex on a single 6,917 sq. ft. lot with a total of approximately 1,896 sq. ft.; Front unit: 2BR/1BA plus bonus room; delivered vacant at close of escrow.; Rear unit: 1BR/1BA; currently tenant occupied.
