12630 Penn St - Apartments FOR SALE


Whittier, CA 90602- Uptown Whittier
$1,980,000 USD
626-278-0946
12630 Penn St, Whittier, CA for Sale
$1,980,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

12630 Penn St
Whittier, CA 90602
Uptown Whittier


HIGHLIGHTS

  • High rental demand area, low vacancy rate and strong rental neighborhood.
  • Well maintain and easy manage building
  • New exterior paint

OVERVIEW

**100% Occupied** This well-maintained six-unit apartment complex, built in 1986, is located at the corner of Penn St and Newlin Ave in the highly desirable Uptown Whittier area. With a building size of 4,925 sq. ft. on an 8,856 sq. ft. lot, the property features two buildings: Front building has 2 single-story units, each with 2 bedrooms and 2 bathroom. The back building has 4 townhouse-style units, each with 2 bedrooms and 1.5 bathrooms. 100% occupied. All tenants pay rent on time, it is an easy manage building! Central air and heating with four systems have been upgraded in the recent years. Two-car garage for each unit; total 12 garage parking spaces. Private balconies for each end units. The common area includes a laundry room that generates income. The revenue is shared with the laundry company and there's no hassle with machine maintenance. Recent building update also includes fresh exterior paint, two units had newly remodeled kitchens. The Balcony and Stairs inspection has been done with a complete report. A 100 Gal water heater for the whole complex is 6 years new. Conveniently located near Whittier College, Whittier museum, City Hall, PD, churches and many shops, the complex attracts long-term tenants! This excellent apartment property with a strong track record of timely rent payments, will be your next perfect investment opportunity for steady rental income and portfolio growth. Note-buyer to cooperated with seller's 1031 exchange.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

6

PRICE/UNIT

$330,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penn Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,827 SF

ZONING

WHCO

APN/PARCEL ID

8141-005-029

ASK ABOUT THIS PROPERTY

Jenifer ChowDoubletree RealtorsMore Info
626-278-0946

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

Jenifer ChowDoubletree RealtorsMore Info
626-278-0946

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