7642 Newlin Ave - Multi-Family FOR SALE


Whittier, CA 90602- Whittier City
$1,350,000 USD
562-266-7629
7642 Newlin Ave, Whittier, CA for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/9
null | 4.63% Cap Rate

7642 Newlin Ave
Whittier, CA 90602
Whittier City


HIGHLIGHTS

  • • First time ever on the market – Rare opportunity to acquire directly from the original developer
  • • Pride of ownership asset – Well-maintained since construction, never before sold
  • • Spacious floor plans – Units average over 1,000 sq ft, appealing to long-term tenants
  • • Strong in-place rents – Immediate cash flow with stable tenancy
  • • All units feature central HVAC and assigned 2 car garage parking

OVERVIEW

First time ever on the market!! Rare opportunity to acquire this pride-of-ownership townhome asset which was built in 1985 and offered directly from the original developer! Professionally managed and maintained since construction, this property offers a desirable mix of oversized 2-bed/1.5-bath townhomes and a 3-bed/1 bath unit, averaging over 1,000 sq ft and offer premium features including central HVAC and assigned two-car garage parking. Current rents provide stable cash flow from a strong tenant base, with additional potential to build ADUs. This property is situated in the heart of Uptown Whittier just walking distance from all the shops, dining and charm the area is known for. This property would make an excellent addition to any investor’s portfolio.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

4.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

WHR4*

APN/PARCEL ID

8141-015-024

ASK ABOUT THIS PROPERTY

Daniel GomezYoung Lewin AdvisorsMore Info
562-266-7629

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Daniel GomezYoung Lewin AdvisorsMore Info
562-266-7629

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