6322 Bissell Huntington Park, CA 90255
8,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26201328
HOA Y/N No
Year Built 1946
Lot Size 8,049 Sqft
Property Sub-Type Triplex
Property Description
The property currently generates approximately $45,600 in annual gross rental income, with a projected market rent schedule of $87,000 annually, representing a potential $41,400 increase through lawful tenant turnover and lease-up at market rates. With all three units currently renting below the market levels identified in the offering memorandum, investors have an opportunity to enhance income over time while capitalizing on the property's detached-cottage configuration.
Beyond its immediate value-add potential, the 8,051-square-foot residential lot offers a possible pathway to additional accessory dwelling units, subject to applicable zoning, permitting, and feasibility requirements. The existing four-car garage provides a potential starting point for future conversion, while the front residence offers an attractive owner-user opportunity to occupy a detached three-bedroom home while generating rental income from the two additional units.
Strategically positioned on the eastern edge of Huntington Park, the property benefits from proximity to the Vernon and Commerce industrial employment corridor, approximately 45,000 private-sector jobs within one to two miles, and convenient access to Gage Avenue and major regional freeways. With its below-market in-place rents, detached residential layout, four-car garage, and potential to expand from three units to as many as six, The Bissell Cottages offers investors and owner-users a compelling opportunity to pursue income growth and long-term value creation in an established Los Angeles County rental market.
Location
State CA
County Los Angeles
Area T5 - Walnutpk, Huntpk, Bell N Of Florence, And Cud
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6319021023
Acceptable Financing Cash, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
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