6333-6335 State St
Huntington Park, CA 90255
No Rent Control | Apprx. 23% Upside | Garages · Multifamily Property For Sale · 7 Units

Marcus & Millichap is pleased to announce the sale of 6333-6335 Street, a seven-unit non-rent controlled multifamily property in Huntington Park, CA, a dense rental market in Southeast Los Angeles. This offering presents a rare opportunity to purchase a non-rent controlled property with rents that are still far below market levels. Due in part to recent rent growth in the Huntington Park area, where rents have increased by 7.0% year-over-year, the current rents sit approximately 23% below those of similar units in the area. With frontage on one of the largest streets in Huntington Park, the property benefits from excellent visibility as well as its proximity to the intersection of State Street and Gage Avenue, which sits just one parcel south. Several schools and churches are within a block of the property, while major shopping destinations such as Home Depot, Staples, Curacao, In-N-Out Burger, Starbucks, McDonald’s, and LA Fitness are all within walking distance. The three buildings on the parcel feature several capital improvements, including new dual-paned windows, partial copper plumbing, and a partially upgraded electrical system. There are six individual parking garages, plus room for an additional five vehicles to park in open tandem spaces outside of most garages.