11506 Obert Ave - Apartments FOR SALE


Whittier, CA 90604- East Whittier City
$3,650,000 USD
213-712-9005
11506 Obert Ave, Whittier, CA for Sale
$3,650,000 USD
Apartments - FOR SALE
1/17
null | 5.55% Cap Rate

11506 Obert Ave
Whittier, CA 90604
East Whittier City


HIGHLIGHTS

  • Great Whittier Location 5.55% CAP / GRM 11.07
  • 14 Units. (10) Large 2BD/1BA 925± Sf units + (4) Large 1BD/1BA 745± Sf units
  • 100% Occupancy-
  • Individually Metered Gas & Electric+ Onsite Laundry
  • 12,233± Building SF low-rise/garden building, Built in 1962, vintage charm and character
  • Subject to LA County Rent Stabilization Ordinance

OVERVIEW

$100,000 Price reduction This multifamily gem boasts a 12,233 SF building with 14 units, all currently leased at 100% occupancy. Built in 1962 and situated in the desirable LCR3 zone, this property offers a lucrative prospect for a savvy investor seeking a low-rise/garden style asset. With its strong rental history and convenient location, this is an exceptional opportunity to capitalize on the thriving Whittier real estate market.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

14

PRICE/UNIT

$260,714

CAP RATE

5.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Obert Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,224 SF

ZONING

LCR3

APN/PARCEL ID

8227-010-020

ASK ABOUT THIS PROPERTY

Scott OwensSPERRYMore Info
213-712-9005

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Scott OwensSPERRYMore Info
213-712-9005

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