7959 Bright Ave - Apartments FOR SALE


Whittier, CA 90602- Whittier City
$3,650,000 USD
626-427-0786
7959 Bright Ave, Whittier, CA for Sale
$3,650,000 USD
Apartments - FOR SALE
1/10
null | 6.01% Cap Rate

7959 Bright Ave
Whittier, CA 90602
Whittier City


HIGHLIGHTS

  • Large two-bedroom floor plans, some including office space, appeal to tenants seeking extra functionality.
  • In-place rents provide immediate cash flow with clear room for growth based on current market positioning.
  • Attractive outdoor communal areas with landscaping and private patios enhance livability.
  • Located in an established Whittier submarket with strong household income and limited new construction.
  • Secure gated entry, covered parking, and garages with two spaces per unit create operational convenience.

OVERVIEW

NEW PRICE: 6% CAP Rate for 1980's Construction in "Uptown" Whittier!!! Now offering a rare 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 approximately 12,700 rentable square feet with an exceptional unit mix, including seven 2-Bed/2-Bath units with bonus room (ideal for a third bedroom or office), three 2-Bed/2-Bath units, and one 2-Bed/1.25-Bath townhouse-style unit, layouts that strongly appeal to today’s tenants. The asset delivers excellent cash flow from day one, now at a 6% CAP Rate and 11.6 GRM, with strong in-place rental income and additional upside potential. Residents enjoy a full suite of amenities including gated private entry, onsite garage and covered parking (2+ spaces per unit), private patios/balconies, a central courtyard, and an onsite laundry facility, supporting long-term tenant retention. With its desirable construction era, spacious unit layouts, and improved pricing, this is a standout opportunity for investors seeking immediate returns with continued rental growth in one of Whittier’s most sought-after rental markets.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

11

PRICE/UNIT

$331,818

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6% CAP Rate | 1980s Built | HUGE 2Bed/2Baths

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

19,824 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.