We are pleased to present, for the first time in over 50 years, a rare 20-unit multifamily investment opportunity located in the rapidly transforming City of Whittier. Built in 1972, this well-maintained property offers an ideal mix of mostly two-story townhome-style apartments, with a total unit composition as follows:… Read More (1) Two-Bedroom + 1.75-Bath Manager's Unit, (15) Two-Bedroom + 1.5-Bath Townhome-Style Units, (3) One-Bedroom + One-Bath Units, (1) Three-Bedroom + One-Bath Single-Family Residence (originally built in 1946). The property is professionally managed and features secured entry, a community pool, and an on-site laundry facility. Each unit is equipped with central air and heat, and residents benefit from both garage and open parking options. With a Walk Score of 83 (Very Walkable), tenants enjoy convenient access to the retail and dining amenities along Whittier Boulevard. The property has also received numerous recent capital improvements, details available upon request. Governed only by the AB 1482 statewide rent ordinance (no local rent control), this is an excellent opportunity for investors seeking a stable asset for a portfolio expansion or a strategic 1031 exchange. Don't miss this exceptional offering, contact us today for more information! Read Less
Property listed by Remax Commercial and Investment Realty, Shant Sherbetdjian 213-817-1000
Listing Snapshot
Days Online
14
Last Updated
Property Type
Other
Beds
38
Square Ft.
20,301
Lot Size
0.49 Acres
Year Built
1972
MLS Number
25604053
30 Days Snapshot Of 90601
$893k
+5%
(avg) sold price
11
0%
homes sold
98
+44%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1972, Building area total: 20,301, Levels: Two, Living area: 20301, 2 stories, 3 buildings
Cooling
CentralAir
Garage
8 spaces
Heating
Central
Income
Gross income: $510,360, Net operating income: $271,628
Laundry
LaundryRoom
Lot
0.4932 acres, 21,484 square feet, Size: 21,484
Parking
36 totals parking, Garage, Tandem, Uncovered
Pool
SeeRemarks
Property
Zoning: WHR4*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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