6322 Bissell St - Multi-Family FOR SALE


Huntington Park, CA 90255
$874,000 USD
310-488-1789
6322 Bissell St, Huntington Park, CA for Sale
$874,000 USD
Multi-Family - FOR SALE
1/19
null | Request Cap Rate

6322 Bissell St
Huntington Park, CA 90255


HIGHLIGHTS

  • SIGNIFICANT INCOME UPSIDE: rents are at 52% of market, offering a clear path to a 6.66% market cap
  • OWNER-USER OPPORTUNITY: standalone 3BR/1.75BA home with private yard, while rear cottages help offset ownership costs
  • DETACHED COTTAGE UNITS: private single-story homes with no shared walls, offering premium rental appeal and lower turnover
  • ADDITIONAL UNIT POTENTIAL: opportunity to expand from 3 to 6 units, including a potential garage conversion, with no rezone or lot split
  • RENT-STABILIZED WITH UPSIDE: market rents can be achieved upon vacancy, creating income growth through turnover and added units
  • PRIME ACCESS TO MAJOR EMPLOYMENT HUBS: Near Vernon and Commerce, with approximately 45,000 industrial jobs within 1–2 miles

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$874,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

3

PRICE/UNIT

$291,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bissell Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

6319-021-023

ASK ABOUT THIS PROPERTY

Tom WatkinsCentennial AdvisersMore Info
310-488-1789

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Tom WatkinsCentennial AdvisersMore Info
310-488-1789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.