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$1,552,000
Est. payment /mo
8,084 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26176029
HOA Y/N No
Year Built 1963
Lot Size 8,084 Sqft
Property Sub-Type Apartment
Property Description
A well-maintained 4 unit multifamily property offering an exceptional combination of large living spaces, abundant parking, a spacious lot, and strong rental upside in a desirable East Whittier location.
The property features approximately 4,770 square feet of total living area on an approximately 8,084 square foot lot, with an outstanding unit mix that is difficult to find in today's multifamily market. The front residence is the standout, offering approximately 1,695 square feet with 3 bedrooms and 2 bathrooms and a single-family-home-style layout. It provides an excellent opportunity for an owner-user to live comfortably in the front residence while the income from the remaining three units helps offset the property's debt service.
The front unit features generous living areas, a practical floor plan, and a spacious residential feel that is ideal for an owner-occupant. Behind it are three oversized 2-bedroom, 1-bathroom units, each approximately 1,025 square feet, offering unusually large interiors and functional layouts that appeal to long-term tenants.
The property sits on a large lot with ample parking, including garage and carport/parking spaces, providing a significant advantage over many smaller multifamily properties in the area. The gated entry enhances privacy and security, while onsite laundry facilities add convenience for residents and provide additional income potential. Separate gas and electric metering further enhances the property's operating efficiency.
A particularly attractive feature for investors is the significant potential to increase rental income over time through continued rental-rate optimization and professional property management, subject to applicable laws and market conditions. The combination of oversized units, desirable unit mix, parking, and location creates an excellent foundation for long-term appreciation and income growth.
Located in East Whittier, the property offers convenient access to shopping, restaurants, schools, parks, and major commuter routes connecting Whittier, La Mirada, Orange County, and other surrounding communities. Nearby retail and everyday conveniences further enhance the property's appeal to both residents and prospective tenants. The area is well established and highly desirable for renters seeking larger units in a suburban setting.
No Local Rent Control.
The property features approximately 4,770 square feet of total living area on an approximately 8,084 square foot lot, with an outstanding unit mix that is difficult to find in today's multifamily market. The front residence is the standout, offering approximately 1,695 square feet with 3 bedrooms and 2 bathrooms and a single-family-home-style layout. It provides an excellent opportunity for an owner-user to live comfortably in the front residence while the income from the remaining three units helps offset the property's debt service.
The front unit features generous living areas, a practical floor plan, and a spacious residential feel that is ideal for an owner-occupant. Behind it are three oversized 2-bedroom, 1-bathroom units, each approximately 1,025 square feet, offering unusually large interiors and functional layouts that appeal to long-term tenants.
The property sits on a large lot with ample parking, including garage and carport/parking spaces, providing a significant advantage over many smaller multifamily properties in the area. The gated entry enhances privacy and security, while onsite laundry facilities add convenience for residents and provide additional income potential. Separate gas and electric metering further enhances the property's operating efficiency.
A particularly attractive feature for investors is the significant potential to increase rental income over time through continued rental-rate optimization and professional property management, subject to applicable laws and market conditions. The combination of oversized units, desirable unit mix, parking, and location creates an excellent foundation for long-term appreciation and income growth.
Located in East Whittier, the property offers convenient access to shopping, restaurants, schools, parks, and major commuter routes connecting Whittier, La Mirada, Orange County, and other surrounding communities. Nearby retail and everyday conveniences further enhance the property's appeal to both residents and prospective tenants. The area is well established and highly desirable for renters seeking larger units in a suburban setting.
No Local Rent Control.
Location
State CA
County Los Angeles
Area 670 - Whittier
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8035018013
Energy Description 2050.0
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
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Listed by Benjamin Lin 1000 Realty Corporation 626-233-3678, DRE #01383988
Nearby School & Business
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