8146 Norwalk Blvd - Apartments FOR SALE


Whittier, CA 90606 | 
$5,600,000 USD
949-295-8560
8146 Norwalk Blvd, Whittier, CA for Sale
$5,600,000 USD
Apartments - FOR SALE
1/8
null | 5.24% Cap Rate

8146 Norwalk Blvd
Whittier, CA 90606


HIGHLIGHTS

  • Priced at $207,407 per Unit
  • Mix of Studio, 1 & 2-Bedroom Units
  • Excellent Rental Location on Norwalk Boulevard
  • Substantial Rental Upside & Value-Add
  • Side-by-Side 18 & 9-Unit Parcels

OVERVIEW

Morgan Skenderian is pleased to present the Whittier Palms & Yucca Apartments, a rare opportunity to purchase a 27-unit apartment building with an excellent unit mix for $207,407 per unit. The property has excellent visibility on the main thoroughfare of Norwalk Boulevard and offers a new owner a true value-add opportunity to improve property aesthetics and increase future income. The property offers a landscaped interior-courtyard, covered parking for every unit, air conditioning units and laundry facilities. With the property being located in Unincorporated Los Angeles County the property is subject to a county Rent Stabilization Ordinance (RSO), which is a local law setting the maximum annual rent increases to an annual cap of 3% and provides tenants protections from evictions without just cause.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

27

PRICE/UNIT

$207,407

CAP RATE

5.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whittier Palms & Yucca Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,721 SF

ZONING

-

APN/PARCEL ID

8178-001-043,8178-001-053

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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