$1,150,000
Excellent investment opportunity in a desirable Whittier neighborhood. Value add opportunity. Situated on a large 10,832 sq ft lot, this triplex features three single-level units and strong rental upside. Zoned WHR4, the property offers potential to add an ADU, providing an opportunity for additional income. Information has been confirmed with the city; buyer to perform their own due diligence. The front two units are both 2 bed / 1 bath (approx. 924 sq ft) and are currently tenant occupied with rents of $1,000 and $1,200 per month, offering significant potential for future rent increases as they move toward market levels. The rear unit is vacant and the largest unit on the property at approximately 1,762 sq ft, offering 2 bedrooms and 1.5 bathrooms. This unit presents the largest upgrade opportunity, making it ideal for renovation to maximize rental income or for an owner-occupant. Each unit includes laundry hookups, and tenants pay their own gas and electricity, helping reduce operating expenses. Additional features include two 2-car garages and one single-car garage with alley access, plus yard space with mature trees and landscaping. The large 10,832 sq ft WHR4 zoned lot and detached garage structures may offer additional value-add or future development opportunities (buyer to verify with the City of Whittier). Located within the Ocean View Elementary and East Whittier Middle School districts, and conveniently within walking distance to Whittier Blvd for shopping, dining, and public transit, with easy access to Uptown Whittier. This property presents an excellent opportunity for investors seeking rental upside and value-add potential in a strong Whittier location.
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Listed by Michele Jonietz with Seven Gables Real Estate (714) 731-3777
Property Type
Triplex
Status
Active
MLS Number
PW26049661
Year Built
1954
Lot Size
10,833 sq ft