Executive Summary

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The Neema Group of Marcus & Millichap is pleased to present 3700-3718 E. 61st Street, a 15+1 NC unit multifamily investment opportunity in Huntington Park, situated on an expansive 22,730 SF corner lot at E. 61st Street and Loma Vista Avenue.

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The property offers a unique and diversified structural composition rarely found in a single offering, comprised of a front corner duplex and rear duplex at 3700 E. 61st Street, along with three separate 4-unit, two-story structures at 3710, 3714, and 3718 E. 61st Street, providing a new owner with a varied unit mix spread across four distinct structures.

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Significant value-add potential exists through the conversion of the property’s existing exterior carport structures into ADUs, an opportunity supported by the large double-lot configuration and ample on-site parking (buyer to verify feasibility).

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Each of the three 4-unit buildings features its own dedicated on- site laundry room with a washer, dryer, and dedicated water heater, providing tenant convenience and an additional income stream with upside potential through owner-operated machines.

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The property offers approximately 16 total parking spaces, including 12 carport spaces serving the three 4-unit buildings and 3 additional carport spaces plus a single-car garage at the 3700 parcel, along with 12 private storage units located above the carports, a rare amenity in the submarket.

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Offered at $4,488,888 ($299,259/unit), the offering reflects a 7.46% current cap rate and 9.34 GRM on in-place income, with approximately 7% rental upside to market driving a 7.78% pro forma cap rate and 8.74 GRM.

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All four structures are separately metered for gas and electricity, simplifying ownership and reducing owner-paid utility expense exposure.

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Located in Huntington Park, a dense, high-demand rental submarket in southeast Los Angeles County characterized by limited owner-occupant turnover and consistent multifamily tenant demand.