$4,185,000
Proudly offered by the original owners, this 12-unit apartment building presents an excellent investment opportunity in Whittier, CA. Built in 1985, the newer construction property is 100% occupied and features a desirable unit mix consisting of (2) one-bedroom/one-bath units, (4) two-bedroom/two-bath units, and (6) three-bedroom units with a combination of one- and two-bath layouts. All units offer central air and heat and attached garages, with most units featuring two-car garages. The property delivers a strong 5.8% cap rate on current rents and offers significant parking with a low-maintenance layout. Recent capital improvements include a new roof installed approximately four years ago and six units renovated within the same timeframe. An updated one-bedroom/one-bath unit was just leased in December, 2025 at $2,000 per month, highlighting rental upside. Additional income is generated through a laundry room with landlord-owned equipment, including two washers and two dryers. The property also benefits from an assumable first trust deed of $2,188,000 at a fixed 6.82% interest rate through 7/1/2029. Conveniently located with excellent access to major freeways and public transportation, this asset offers strong tenant demand and long-term stability. This is a rare opportunity to acquire a high-quality multifamily investment in a prime Whittier location and a valuable addition to any investor’s portfolio.
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Listed by Jeff Stokes with Berkshire Hathaway HomeService (949) 644-6200
Property Type
Apartment
Status
Active
MLS Number
NP25077221
Year Built
1985
Lot Size
0.32 acres