New Loan @ 5.65% Available | 11506 Obert Ave
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New Loan @ 5.65% Available 11506 Obert Ave
14 Unit Apartment Building $3,550,000 ($253,571/Unit) 5.55% Cap Rate Whittier, CA 90604
Investment Highlights
- ±18% Rental Upside / 7.09% Market Cap Rate
- Select Units Feature Sizable 2nd Story Patios
- 16 Total Parking Spaces
- New Loan Available at 5.65%
- New Windows Throughout Property
- Prime Cul-de-Sac Location
Executive Summary
The Obert Arms Apartments is a 14-unit apartment asset situated at 11506 Obert Avenue in Whittier, California. The property presents a new buyer with ±18% rental upside potential, with a 7.09% cap rate at market rents. New financing is available at 5.65%.
The property spans a 17,225-square-foot lot and includes (10) 2BD/1BA units, and (4) 1BD/1BA units. Some of the units feature spacious second-story patios. The building has been updated with new windows throughout.
Residents enjoy ample parking with 16 total spaces and the convenience of onsite laundry facilities, which also present an opportunity for additional income.
Located in the desirable, quiet residential neighborhood of Whittier, 11506 Obert Avenue offers small-town charm with easy access to the Greater Los Angeles and Orange County.
The property spans a 17,225-square-foot lot and includes (10) 2BD/1BA units, and (4) 1BD/1BA units. Some of the units feature spacious second-story patios. The building has been updated with new windows throughout.
Residents enjoy ample parking with 16 total spaces and the convenience of onsite laundry facilities, which also present an opportunity for additional income.
Located in the desirable, quiet residential neighborhood of Whittier, 11506 Obert Avenue offers small-town charm with easy access to the Greater Los Angeles and Orange County.
Property Facts
| Price | $3,550,000 | Apartment Style | Low Rise |
| Price Per Unit | $253,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5.55% | Building Size | 12,233 SF |
| Gross Rent Multiplier | 11.22 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Price | $3,550,000 |
| Price Per Unit | $253,571 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| Gross Rent Multiplier | 11.22 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 12,233 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.31/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 745 |
| 2+1 | 10 | - | 925 |
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PROPERTY TAXES
| Parcel Number | 8227-010-020 | Improvements Assessment | $1,608,302 |
| Land Assessment | $1,715,522 | Total Assessment | $3,323,824 |
PROPERTY TAXES
Parcel Number
8227-010-020
Land Assessment
$1,715,522
Improvements Assessment
$1,608,302
Total Assessment
$3,323,824
zoning
| Zoning Code | R3 |
| R3 |
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Robert Stepp -
Travis Traweek -
Alex Figueroa -
Stepp Commercial
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New Loan @ 5.65% Available | 11506 Obert Ave
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