11447 Broadway - Apartments FOR SALE


Whittier, CA 90601- Whittier City
$6,250,000 USD
310-968-6049
11447 Broadway, Whittier, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

11447 Broadway
Whittier, CA 90601
Whittier City


HIGHLIGHTS

  • First time for sale in over 50 years, a rare 20-unit multifamily investment opportunity located in the rapidly transforming City of Whittier
  • Built in 1972, this well-maintained property offers an ideal mix of mostly two-story townhome-style apartments
  • ONE (2 Bed + 1.75 Bath manager’s unit), FIFTEEN (2 Bed + 1.5 Bath Town-Home Style units), THREE (1 Bed + 1 Bath units), ONE (3 Bed + 1 Bath SFR) Unit
  • The property is professionally managed and features secured entry, a community pool, and an on-site laundry facility
  • With a Walk Score of 83 ("Very Walkable"), tenants enjoy convenient access to the retail and dining amenities along Whittier Boulevard
  • Each unit is equipped with central air and heat, and residents benefit from both garage and open parking options

OVERVIEW

We are pleased to present, for the first time in over 50 years, a rare 20-unit multifamily investment opportunity located in the rapidly transforming City of Whittier. Built in 1972, this well-maintained property offers an ideal mix of mostly two-story townhome-style apartments, with a total unit composition as follows: (1) Two-Bedroom + 1.75-Bath Manager's Unit, (15) Two-Bedroom + 1.5-Bath Townhome-Style Units, (3) One-Bedroom + One-Bath Units, (1) Three-Bedroom + One-Bath Single-Family Residence (originally built in 1946). The property is professionally managed and features secured entry, a community pool, and an on-site laundry facility. Each unit is equipped with central air and heat, and residents benefit from both garage and open parking options. With a Walk Score of 83 ("Very Walkable"), tenants enjoy convenient access to the retail and dining amenities along Whittier Boulevard. The property has also received numerous recent capital improvements, details available upon request. Governed only by the AB 1482 statewide rent ordinance (no local rent control), this is an excellent opportunity for investors seeking a stable asset for a portfolio expansion or a strategic 1031 exchange. Don't miss this exceptional offering, contact us today for more information! Please do not disturb occupants. Do not walk on the property or engage with tenants regarding the sale, tenants are not aware the property is on the market. Direct all inquiries to the listing agent. The single family home has it's own address as 6047 Palm Ave (Built in 1946) while the other 19 units are under 11447 Broadway Ave (Built in 1972). For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact the listing agent. There are no Showings, please submit an offer subject to inspection. To explore the property/area, please check out the video.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

20

PRICE/UNIT

$312,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20 Units | 1972 Built | Trophy Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

WHR4*

APN/PARCEL ID

8132-029-035

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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