Condominium buy in Huntington Park California

GREAT UPSIDE POTENTIAL, 2 RETAILS on the first floor 3,600 SqFt. total are VACANT. The new owner can keep for his personal used or choose his own tenants. *** THIS PROPERTY ISN'T SUBJECTED TO LOS ANGELES RENT CONTROL however it's still subjected to CA rent control. All apartments either have NO RENT INCREASE FOR 3 YEARS or just moved in paying market rent. ----- This is a MIXED-USE, 36 Apartments, 4 RETAILS in a high traffic corner with a bus stop right in front on E.Florence Ave ----- The two retail spaces are renting month to month at a very low rent that hasn't been increased over 10 years. These also can be delivered vacant. One is a well known grocery, 4000+SqFt, another is an herbs shop, 1,800 Sq.Ft. There is a large FREE public parking spaces right behind the building with 10 hours limit. ----- All 36 apartments are well maintained, very clean (ask for more pictures) all current tenants are paying rent on time and at the time of application they all have over 700 FICO scores. They are very clean, low vacancy rate. ***** RENT CAP WILL BE 7% ***** IF all retail spaces are renting at the current market price, and all apartments have an updated rent. MLS® ID: 22202026 Listed: 9/21/22 Updated: 10/17/22 Interior Features Total Bedrooms: 37 Total Bathrooms: 40 Floor Description: Wood Cooling: None Heating: Wall Furnace Exterior/Building Features Lot Size: 0.25 acres lot Other Property Details Area Name: T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud Garage: No Parking: Public View: Y County: Los Angeles Pool: No Total Stories: 3 Zoning: LCC3* Courtesy of Keller Williams Realty Westside, Miranti Borvornsin, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.