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6322 Bissell St - The Bissell Cottages 3 Unit Apartment Building Offered at $874,000 Huntington Park, CA 90255
Investment Highlights
- SIGNIFICANT INCOME UPSIDE: rents are at 52% of market, offering a clear path to a 6.66% market cap
- DETACHED COTTAGE UNITS: private single-story homes with no shared walls, offering premium rental appeal and lower turnover
- RENT-STABILIZED WITH UPSIDE: market rents can be achieved upon vacancy, creating income growth through turnover and added units
- OWNER-USER OPPORTUNITY: standalone 3BR/1.75BA home with private yard, while rear cottages help offset ownership costs
- ADDITIONAL UNIT POTENTIAL: opportunity to expand from 3 to 6 units, including a potential garage conversion, with no rezone or lot split
- PRIME ACCESS TO MAJOR EMPLOYMENT HUBS: Near Vernon and Commerce, with approximately 45,000 industrial jobs within 1–2 miles
Executive Summary
Three individual single-story cottages: a 3BR front house, a 2BR middle house, and a 1BR rear unit plus a four car garage, on an 8,051 square foot R3 lot on the eastern edge of Huntington Park. The three units currently produce $45,600 a year against an $87,000 market schedule verified by nine leased comparables within a mile. The entire $41,400 spread is reachable at turnover, and SB 1211 permits up to three more units on the parcel.
This property does not need a single thesis to work. An owner-user buys a house with income attached; an investor buys a 90% rent spread on a stabilized asset with decontrol intact; a builder buys an R3 parcel at a 0.30 floor area ratio with a four-car garage already standing at the rear. The strongest bidder is likely all three at once, live in the front, mark the rear to market as it turns, and add units behind over the following years.
This property does not need a single thesis to work. An owner-user buys a house with income attached; an investor buys a 90% rent spread on a stabilized asset with decontrol intact; a builder buys an R3 parcel at a 0.30 floor area ratio with a four-car garage already standing at the rear. The strongest bidder is likely all three at once, live in the front, mark the rear to market as it turns, and add units behind over the following years.
Property Facts
| Price | $874,000 | Apartment Style | Low-Rise |
| Price Per Unit | $291,333 | Building Size | 2,383 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1946 |
| Price | $874,000 |
| Price Per Unit | $291,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 2,383 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1946 |
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Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
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