2724 58th St Huntington Park, CA 90255-2635

This 8-unit apartment building, located at 2724 E 58th St, Huntington Park, CA 90255, presents a compelling value-add investment opportunity. The property consists of two, two-story buildings totaling 5,654 square feet on a 6,513 square foot lot. Built in 1941, the property features eight 1-bedroom units, offering significant rental upside potential. Currently generating a net operating income (NOI) of $78,120, a pro-forma NOI of $135,977 is projected, resulting in a pro-forma capitalization rate of 8.55%. The asking price is $1,590,000, translating to $198,750 per unit and $281 per square foot. The property includes five parking spaces. This fee-simple ownership offers a strong return on investment in a desirable rental market. The property's Class C designation and current cap rate of 4.91% further highlight its potential for appreciation. The Los Angeles County location, with its robust rental demand, makes this a highly attractive investment prospect for those seeking to capitalize on market rents and increase profitability. The property's existing structure provides a solid foundation for future improvements and increased cash flow.