NEW PRICE! Current 5.6% CAP Rate and a 12.5 GRM! We are proud to exclusively offer for sale this investment opportunity located in the highly sought after rental community of Whittier. This 12 unit residential multi-family investment property is comprised of all LARGE, well-designed 2-bedroom/1-bathroom apartments, spread across 3 separate structures, all of which provide comfortable and spacious living spaces. The property boasts newer copper plumbing throughout, ensuring durability and reduced maintenance concerns. A new roof, installed in 2020, adds to the property's long-term value and appeal. The total rental square footage is an impressive 10,434 sq ft, set on a generous 16,465 sq ft lot, providing ample space for tenants and potential future ADU enhancements (buyer to verify with city authorities.)
Each unit is separately metered for electricity and gas, allowing for straightforward utility management and minimizing operating expenses. Tenants benefit from onsite car-port parking, enhancing convenience and desirability. Additionally, while the laundry facility is currently not in use, it offers an added value potential for future activation.
Currently priced at a 5.6% CAP Rate and a 12.5 GRM, this property promises a solid return on investment. This is a rare opportunity to acquire a well-maintained, high-demand property in a thriving rental market.