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$2,100,000
Est. payment /mo
11 Beds
8 Baths
5,442 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,442 sqft
Price per Sqft $385
MLS Listing ID 26698237
Bedrooms 11
HOA Y/N No
Year Built 1963
Lot Size 7,196 Sqft
Property Description
We are pleased to present for sale Property 1 of 6 within a newly launched 47-unit multifamily portfolio, offering investors the opportunity to acquire a well-positioned asset in the highly desirable Uptown Whittier submarket. The subject property is an 8-unit apartment building located within walking distance of the shops, dining, and entertainment along Greenleaf Avenue, one of the area's most vibrant retail corridors. The property features a desirable unit mix of three 2-bedroom/1-bath units and five 1-bedroom/1-bath units, appealing to a broad tenant base and supporting stable occupancy. With strong in-place income and clear rental upside potential, the asset presents an attractive value-add opportunity. Additional features include on-site laundry, dedicated parking, controlled access entry, and separately metered gas and electricity, helping to streamline operations and reduce expenses. The property also offers potential for ADU development (buyer to verify), providing an additional avenue for income growth. With a Walk Score of 83 ("Very Walkable"), tenants benefit from convenient access to nearby amenities, enhancing long-term demand. The asset is subject to California AB 1482 and is not governed by local rent control, offering a more predictable regulatory environment. As part of a 6-property portfolio, this opportunity provides flexibility for investors seeking either a single acquisition or a larger portfolio investment, combining stable current cash flow with long-term appreciation potential. Properties do not have to be sold together. ** Check out the property video link.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning WHR4*
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Covered, Garage
Garage Spaces 2.0
Garage Description 2.0
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8141022006
Special Listing Condition Standard
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Listed by Shant Sherbetdjian Remax Commercial and Investment Realty #01713570
NEARBY SCHOOL & BUSINESS
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