2452 Zoe Ave Huntington Park, CA 90255
- Commercial real estate
- 3,211 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2452 Zoe Ave
- Year built
- 1923
- Property size
- 3,211 SF
- Property type
- Commercial real estate
- APN
- 6322-020-001
Description
This exceptional investment opportunity presents a four-unit apartment building situated on a sizable 9,894 square foot lot in Huntington Park, California. The property, located at 2452 Zoe Avenue, boasts a total of 3,211 square feet and features four one-bedroom units. Built in 1923, the single-story complex is comprised of three buildings and sits within a highly desirable, walkable neighborhood (Walk Score of 92). The current Net Operating Income (NOI) is $27,862, with a projected pro-forma NOI of $61,666, reflecting a potential for significant return on investment. The asking price is $1,500,000, translating to $375,000 per unit and $467.14 per square foot. The property is zoned HPR4YY, offering potential for redevelopment, although buyers are advised to conduct their own due diligence to verify development possibilities. The current cap rate is 1.86%, with a pro-forma cap rate of 4.11%. The location offers convenient access to employment centers, retail, and entertainment options in both Huntington Park and Downtown Los Angeles. The City of Huntington Park allows for higher allowable rent increases, potentially including annual increases of 5% plus CPI. The property's infill location and potential for adding Accessory Dwelling Units (ADUs) further enhance its long-term investment prospects. All information should be independently verified by the buyer.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntington Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.22881127582
- Latitude
- 33.979298827787
