11517 Obert Ave | Whittier, CA 90604
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11517 Obert Ave
Whittier, CA 90604
Multifamily Property For Sale · 10 Units
Investment Highlights
- The location is convenient for both commuters and people who work from home.
- The building provides convenient access to neighborhood amenities, transportation, and highways. Furthermore, it is situated within walking distance o
- This property boasts an excellent central location in South Whittier, with convenient access to many commercial plazas and employment opportunities
Executive Summary
This is a rare opportunity to invest in a 10-unit multifamily property located at the prime address of 11517 Obert Ave in Whittier, CA. The building, constructed in the 1960s, sits on an oversized lot of over 10,000 square feet and offers a mix of six one-bedroom units and four-bedroom units. The property boasts amenities such as a meticulously maintained courtyard, an on-site laundry facility, and 10-covered carports. Three units will be delivered vacant, providing a unique opportunity to capitalize on Whittier's high market value. The property's current rental rates are below market rates, presenting an opportunity for the new owner to adjust them to increase profitability and improve the property's value, adding more value to their property portfolio.
PROPERTY FACTS
| Price Per Unit | $285,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 12,876 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Apartment Style | Low Rise | Parking Ratio | 0.47/1,000 SF |
| Building Class | C |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 12,876 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.47/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,895 | 600 |
| 2+1 | 4 | $2,400 | 815 |
PROPERTY TAXES
| Parcel Number | 8227-001-038 | Improvements Assessment | $946,764 |
| Land Assessment | $1,456,560 | Total Assessment | $2,403,324 |
PROPERTY TAXES
Parcel Number
8227-001-038
Land Assessment
$1,456,560
Improvements Assessment
$946,764
Total Assessment
$2,403,324
zoning
| Zoning Code | R3 |
| R3 |
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