7-Unit Multifamily Income
7716 California Huntington Park, CA 90255
For Sale
$1,375,000
For sale 7-unit multifamily with 2 vacant units and four garages with possible ADU conversion (city verification required).
Days on Market91
Property Features for 7716 California
General Information
Standard status
Active
Property subtype
Apartment
Building Details
Year Built
1938
Listing Agency:
Excellence RE Real Estate
(323) 350-4561
Listed By:
Suhaila Sabir · License #01422989
Source:
Milsteinestates
Added: Apr 30
Changed: Jul 27
Last Checked: Jul 28 at 2:46PM
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 For Apartment 5plus
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 | $82.7k | $31.80 |
| − Vacancy | −$6.6k | −$2.54 |
| EGI | $76.1k | $29.26 |
| − OpEx | −$34.2k | −$13.17 |
| NOI | $41.8k | $16.09 |
2,600 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
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
Location Intelligence
Current Use
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)
