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Listed by Justin White, DRE #01267826 • Justin White
$827,000
Est. payment /mo
8,051 Sqft Lot
Price Dropped by $47K
6322 Bissell Huntington Park, CA 90255
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26201328
Year Built 1946
Lot Size 8,051 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
The Bissell Cottages presents an exceptional opportunity to acquire a three-unit multifamily property with significant rental upside, owner-user appeal, and long-term development potential in Huntington Park. The property consists of three detached, single-story residences totaling approximately 2,383 square feet on an 8,051-square-foot R3-zoned lot. The unit mix includes a three-bedroom, 1.75-bath front house, a two-bedroom, one-bath middle cottage, and a one-bedroom, one-bath rear unit above a four-car garage. Each residence offers a private entrance, providing a distinctive alternative to conventional apartment-style living. 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, permi
Location
State CA
County Los Angeles
Area T5 - Walnutpk, Huntpk, Bell N Of Florence, And Cud
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 6319021023
Special Listing Condition Not Applicable
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