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5441 Norwalk Boulevard - 5441 Norwalk Boulevard Apartments, Whittier, CA

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5441 Norwalk Boulevard - 5441 Norwalk Boulevard Apartments

Whittier, CA 90601 - Whittier City MF Submarket

Property Type:Multi-Family Number of Units:30 Status:Existing Year Built:1962
Stories:2 Building Size:28,590 SF Land Area:1.02 AC (44,301 SF)
For Sale Price:$6,500,000 Price/Unit:$216,666.67 Cap Rate:4.12 % GRM:13.39

Parking:.66 Parking Spaces / 1,000 SF

Composition Open(Tandem) Covered(Tandem) Total Condition
Asphault: 1(0) 16(0) 17 Good
Concrete: 0(0) 18(0) 18 Average

Sale Notes:
Very nice 29 units + Manager unit on over 1 acre of land. Rare listing of larger multifamily building in the City of Whittier. Large units. This property will not last. Across Beverly Blvd is one of the most exclusive areas in Whittier

Rare 29 unit + Manager Unit for Sale in Whittier.
ONLY $227.35/sq. ft.
Very large units - all 29 units are at least 2 bedrooms on 1 acre parcel Approximately 70% of the units have been upgraded
Rental upside - 12.23 GRM at market rents
Current Loan of $2.3M at 4.75% can be assumed.

Ensbury Group / KW Commercial
Michael Millea
(310) 880-6634

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