7-Unit Multifamily Income
For Sale
$1,375,000
7716 California, Huntington Park, CA 90255
For sale 7-unit multifamily with 2 vacant units and four garages with possible ADU conversion (city verification required).
Property Size2,600 SF
Days on Market117
Property Features for 7716 California
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
4
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
7
Building Details
Building Size
2,600 SF
Year Built
1938
Listing Agency:
Excellence RE Real Estate
(323) 350-4561
Listed By:
Suhaila Sabir · License #01422989
Source:
Milsteinestates
Added: Apr 30
Changed: Aug 22
Last Checked: Aug 23 at 8:55AM
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 Excellence RE Real Estate
Investment Insights
Based on property information with market context.
Offered for sale, this 7-unit multifamily income property includes two vacant units available to be leased. The building also features four garages, which the buyer may explore for potential ADU (Accessory Dwelling Unit) conversion, subject to city verification.
The property is located in Huntington Park and is described as centrally located, with access to major freeways, public transportation, and nearby shopping, dining, and employment centers. The remarks also note the property is minutes from Downtown Los Angeles.
From an operations standpoint, the presence of vacant units provides an immediate leasing opportunity, while the garage count supports an additional potential pathway for increasing on-site dwelling options, pending approval and requirements with the city.
The property is located in Huntington Park and is described as centrally located, with access to major freeways, public transportation, and nearby shopping, dining, and employment centers. The remarks also note the property is minutes from Downtown Los Angeles.
From an operations standpoint, the presence of vacant units provides an immediate leasing opportunity, while the garage count supports an additional potential pathway for increasing on-site dwelling options, pending approval and requirements with the city.
Key Highlights
- 7‑unit multifamily property built in 1938 at 7716 California Ave in Huntington Park
- Includes 2 vacant units ready to lease at current market rents for immediate income potential
- 4 garages on‑site with potential for ADU conversion (buyer to verify with the city)
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
$41,836
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
3.04%
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%
$836,720
$836.7K
Cap Rate 7%
$597,657
$597.7K
Cap Rate 9%
$464,844
$464.8K
Market Conditions
NOI Build-Up for 2,600 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
$82.7K $31.80/SF
− Vacancy
−$6.6K −$2.54/SF
EGI
$76.1K $29.26/SF
− OpEx
−$34.2K −$13.17/SF
NOI
$41.8K $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 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%
$836,720
Cap Rate 7%
$597,657
Cap Rate 9%
$464,844
Alternative Uses
Best Use
Apartment 5plus
$597.7K
$523.0K – $697.3K
NOI $41,836 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,442 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
943
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?
Apartment building - For sale 7-unit multifamily with 2 vacant units and four garages with possible ADU conversion (city verification required).
Where is this apartment building located?
The property is located at 7716 California Huntington Park, CA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 7‑unit multifamily property built in 1938 at 7716 California Ave in Huntington Park; Includes 2 vacant units ready to lease at current market rents for immediate income potential; 4 garages on‑site with potential for ADU conversion (buyer to verify with the city)
