6716 Whittier Ave - Apartments FOR SALE


Whittier, CA 90601- Whittier City
$950,000 USD
310-968-6049
6716 Whittier Ave, Whittier, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/14
null | 4.73% Cap Rate

6716 Whittier Ave
Whittier, CA 90601
Whittier City


HIGHLIGHTS

  • 2-On-A-Lot in Great Pocket of Uptown Whittier sitting on a Large 7,503 square foot lot zoned WHR3
  • It is the first time this property has been offered for sale in 43 years (just over 4 Decades)
  • A great Whittier location, and across the street from Whittier High School plus, minutes to Whittier College
  • Offering a spacious 2+1 single-family home (992 sqft built in 1914) and a 3+2 single-family home (1,672 sqft built in 1986)
  • A community-focused atmosphere is a 'Walker's Paradise" that garners a 93 Walk-Score
  • City of Whittier where it is only subject to the statewide AB1482 rent ordinance (and no local rent control)

OVERVIEW

We are pleased to present a desirable 2-On-A-Lot in Great Pocket of Uptown Whittier sitting on a Large 7,503 square foot lot zoned WHR3. It is the first time this property has been offered for sale in 43 years (just over 4 Decades). A great Whittier location, and across the street from Whittier High School plus, minutes to Whittier College. This listing offers a spacious 2-Bed + 1-Bath single-family home (approximately 992 square feet, built in 1914) and an additional unit of a 3-Bed + 2-Bath two-story single-family home (approximately 1,672 square feet, built in 1986). With low operating expenses, and utilities being separately metered for gas and electricity this allows the owner minimal landlord expenses. The property is a short distance to shops and restaurants in Uptown Whittier as well as the New Whittier Groves neighborhood and adjacent to the prestigious College Hills. This community-focused atmosphere is a 'Walker's Paradise" that garners a 93 Walk-Score. In addition to the many benefits this property offers, the potential investor can take advantage of the residential financing opportunity. This is considered the City of Whittier where it is only subject to the statewide AB1482 rent ordinance (and no local rent control), offering the buyer rental upside potential. Property is located in Uptown Whittier, across the street from Whittier High School; and situated on the corner of Bailey Street and Whittier Avenue. Nearest major intersection of Pickering avenue and Philadelphia Street. Please note, both units are tenant occupied, do not disturb occupants, please do not walk on the property or engage with tenants regarding the property, they are not aware of sale, direct all questions to the listing agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please either call/text/email the listing agent.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

2

PRICE/UNIT

$475,000

CAP RATE

4.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Single Family Homes | Uptown Whittier

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,503 SF

ZONING

WHR3*

APN/PARCEL ID

8139-010-012

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 Policy.