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$1,600,000
$1,600,000
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6,825 Sqft Lot
SOLD DATE : 04/23/2025
Key Details
Sold Price $1,600,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW25005086
Sold Date 04/23/25
Construction Status Turnkey
HOA Y/N No
Year Built 1958
Tax Year 2023
Lot Size 6,825 Sqft
Property Sub-Type Apartment
Property Description
Seeking a buyer for this exceptional investment opportunity to add to your portfolio. The building is situated in a highly desirable location in Whittier where demand for rents is always high with little or no vacancies, the apartment building is in great condition with no deferred maintenance, 6 single garages, on site laundry room with a coin operated commercial washer and dryer (owner owned) and a utility sink that is shared by the tenants, a separate storage room, updated gas meters, the building offers spacious and excellent unit mix, strong rental metrics in Whittier provides the buyer with an attractive value-add opportunity. The prime location offers a mix of shops, restaurants, schools, supermarkets (Trader Joe's), public transportation, night life, freeways and more..... NO local rent control. It's an incredible opportunity to acquire a multifamily asset and hold long term or hedge against inflation. MAKE YOUR MOVE NOW BUY and HOLD, IT WILL BE A GREAT ADDITION TO YOUR PORTFOLIO. It is the lowest price apartment building of it's kind in the neighborhood.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning WHR3YY
Interior
Interior Features Balcony, Tile Counters, Unfurnished, Utility Room
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Water Heater
Laundry Laundry Room
Exterior
Parking Features Assigned, Covered, Door-Single, Driveway, Garage
Garage Spaces 6.0
Garage Description 6.0
Fence Block, Good Condition
Pool None
Community Features Biking, Curbs, Hiking, Park, Street Lights
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Roof Type Composition,Shingle
Accessibility Other, Parking
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre, Gentle Sloping, Rectangular Lot
Faces West
Story 2
Entry Level Two
Foundation Combination
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 8142001019
Security Features Carbon Monoxide Detector(s),Security Lights
Acceptable Financing 1031 Exchange, Submit
Listing Terms 1031 Exchange, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Angel Moreno • Century 21 Allstars