Exceptional investment opportunity in the heart of Whittier, California! This five-unit apartment property is situated in a prime rental location within a highly desirable market. The property features a single-story, 2-bedroom, 1-bathroom house and a two-story fourplex, offering four additional 1-bedroom, 1-bathroom units. Each unit is separately metered for gas… Read More and electricity, enhancing efficiency for both tenants and investors. The property offers six surface parking spots and shared laundry facilities, adding convenience for residents. Located just one block from Greenleaf Avenue, Whittier’s vibrant dining, retail, and entertainment district, this property also provides easy access to Friends Park, Whittier’s Civic Center, and is less than a half-mile from Whittier College. With current rents offering a 58% potential upside, this property presents an incredible value-add opportunity for investors seeking long-term growth in an outstanding rental market. Don’t miss this chance to acquire a versatile, well-located property with significant potential- schedule a showing today! Read Less
Property listed by Pacific Avenue Realty, Prashant Sampat 562-841-0227
Listing Snapshot
Days Online
7
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1946
MLS Number
OC24245060
30 Days Snapshot Of 90602
$711k
0%
(avg) sold price
0
-100%
homes sold
102
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1946, Building area total: 3,046, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs, Sidewalks
Expenses
Insurance expense: $6,000, New taxes expense: $21,018, Operating expense: $41,140, Trash expense: $2,700, Water sewer expense: $2,700
Income
Gross income: $125,880, Net operating income: $84,440
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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