7723 Milton Ave - Apartments FOR SALE


Whittier, CA 90602- Whittier City
$2,100,000 USD
626-657-8150
7723 Milton Ave, Whittier, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

7723 Milton Ave
Whittier, CA 90602
Whittier City


HIGHLIGHTS

  • Opportunity to acquire a well-positioned asset in the highly desirable Uptown Whittier submarket
  • 8-unit apartment building located within walking distance of the shops, dining, and entertainment along Greenleaf Ave
  • Desirable unit mix of three 2-bedroom/1-bath units and five 1-bedroom/1-bath units | potential for ADU development (buyer to verify)
  • Strong in-place income and clear rental upside potential, the asset presents an attractive value-add opportunity
  • On-site laundry, dedicated parking, controlled access entry, and separately metered gas and electricity
  • Property is only subject to California AB 1482 and is not governed by local rent control

OVERVIEW

We are pleased to present for sale Property 1 of 6 within a newly launched 47-unit multifamily portfolio, offering investors the opportunity to acquire a well-positioned asset in the highly desirable Uptown Whittier submarket. The subject property is an 8-unit apartment building located within walking distance of the shops, dining, and entertainment along Greenleaf Avenue, one of the area's most vibrant retail corridors. The property features a desirable unit mix of three 2-bedroom/1-bath units and five 1-bedroom/1-bath units, appealing to a broad tenant base and supporting stable occupancy. With strong in-place income and clear rental upside potential, the asset presents an attractive value-add opportunity. Additional features include on-site laundry, dedicated parking, controlled access entry, and separately metered gas and electricity, helping to streamline operations and reduce expenses. The property also offers potential for ADU development (buyer to verify), providing an additional avenue for income growth. With a Walk Score of 83 ("Very Walkable"), tenants benefit from convenient access to nearby amenities, enhancing long-term demand. The asset is subject to California AB 1482 and is not governed by local rent control, offering a more predictable regulatory environment. As part of a 6-property portfolio, this opportunity provides flexibility for investors seeking either a single acquisition or a larger portfolio investment, combining stable current cash flow with long-term appreciation potential. Properties do not have to be sold together. ** Check out the property video link.** Please do not walk on the property, do not disturb or engage tenants regarding the property. *Laundry room machines (washer/dryer) are owner owned and are coin-operated machines. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email agent. No showing appointments, all access is via offer subject to inspection. Please do not contact occupants, do not walk on property, drive by only.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units | Uptown Whittier | 1 of 6 Listings

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,196 SF

ZONING

WHR4*

APN/PARCEL ID

8141-022-006

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
626-657-8150

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
626-657-8150

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