11244 La Mirada Blvd - Apartments FOR SALE


Whittier, CA 90604- East Whittier City
$1,250,000 USD
949-607-7096
11244 La Mirada Blvd, Whittier, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/10
null | 4.18% Cap Rate

11244 La Mirada Blvd
Whittier, CA 90604
East Whittier City


HIGHLIGHTS

  • Attractive Unit Mix: (1) 3-Bed/3-Bath (Two-Story) & (4) 2-Bed/2-Bath Units (One Unit w/ Private Backyard)
  • Built in 1977 - Low Maintenance Vintage
  • On-Site Laundry | Each Unit Separately Metered for Gas & Electricity
  • Ample Parking: (4) 2-Car Garages & (2) 1-Car Garages
  • 30% Upside in Rental Income
  • SB-721 Compliant

OVERVIEW

Offered for the first time in over 25 years, we are pleased to present 11244 La Mirada Boulevard a 5-unit multifamily investment opportunity located in the highly desirable East Whittier rental market. Built in 1977, the property features a strong unit mix of one spacious 3-Bed/3-Bath two-story townhouse-style unit and four large 2-Bed/2-Bath units, including one downstairs unit with a private backyard. Tenants benefit from ample parking with four 2-car garages and two 1-car garages, along with an on-site community laundry room. The property is SB-721 compliant and provides investors with 30% rental upside potential in a supply-constrained, high-demand location. Subject to Los Angeles County Rent Stabilization Program.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

4.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,477 SF

ZONING

LCR325U*

APN/PARCEL ID

8228-030-036

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.