Property Detail

Description

Original owners. 12 unit Apartment building for sale in Whittier, CA. 100% occupied. Newer complex - built in 1985. All units have central air and heat and attached garages - most have two car garages. Good unit mix - (2) 1 bedroom 1 baths, (4) 2 bedrooms 2 baths and (6) 3 bedrooms with 1 bath and 2 bathrooms. 5.5% Cap Rate on current rents. Lots of parking. Low maintenance complex. Roof replaced 4 years ago. 6 units redone 4 years ago. Just rented updated 1br/1bth unit for $2000 per month. Laundry room with landlord owned equipment- 2 washers and 2 dryers. Assumable 1st TD of $2,188,000 at 6.82% fixed till 7/1/29. The location offers excellent connectivity to major freeways and public transportation, making commutes and travel convenient. This is a great opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations and would a great addition to any investor's portfolio.