7959 Bright Ave - Apartments FOR SALE


Whittier, CA 90602- Whittier City
$3,800,000 USD
626-427-0786
7959 Bright Ave, Whittier, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/12
null | 5.73% Cap Rate

7959 Bright Ave
Whittier, CA 90602
Whittier City


HIGHLIGHTS

  • (7) 2-Bedroom/2-Bathroom + Office Units, (3) 2-Bedroom/2-Bathroom Units, (1) 2-Bedroom/1.25-Bathroom
  • 12,700 Rental Sq.Ft. I 19,859 Sq.Ft. Lot
  • Excellent In-Place Rental Rates with Room to Increase
  • Gated Private Entry
  • Lush Landscaping & Courtyard
  • Private Patios/Balconies

OVERVIEW

Kristopher German of The Apartment Dealer is pleased to offer for sale this exceptional opportunity to acquire an 11-unit apartment community in prime North Whittier, built in 1984 and featuring large, oversized units on an expansive 19,859 sq. ft. lot. The property offers 12,700 rentable square feet with a highly desirable unit mix consisting of seven 2-Bed/2-Bath + Office units, three 2-Bed/2-Bath units, and one 2-Bed/1.25-Bath unit, providing spacious layouts that appeal to tenants. Residents enjoy a gated private entry, lush landscaped courtyard, and the convenience of onsite garage and covered parking with two or more spaces per unit. Additional amenities include private patios or balconies and an onsite laundry facility, enhancing tenant comfort and retention. The property currently operates at a 5.7% CAP Rate and 12 GRM with excellent in-place rental rates and room for future increases, presenting investors with both stable income and continued growth potential. Situated in a highly desirable North Whittier location, this well-maintained asset offers strong rental demand and long-term investment appeal.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

11

PRICE/UNIT

$345,455

CAP RATE

5.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Units Built 1984 | Priced to Sell 12 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,859 SF

ZONING

WHR3*

APN/PARCEL ID

8141-029-025

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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