$3,550,000
11506 Obert AVE Whittier, CA 90604
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$3,550,000
Est. payment /mo
0.4 Acres Lot
Price Dropped by $200K
11506 Obert AVE Whittier, CA 90604
UPDATED:
11/04/2024 09:45 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24141372
HOA Y/N No
Year Built 1962
Lot Size 0.395 Acres
Property Description
The Obert Arms Apartments is a 14-unit apartment asset situated at 11506 Obert Avenue in Whittier, California. The property presents a new buyer with ±18% rental upside potential, with a 7.09% cap rate at market rents. New financing is available at 5.65%. The property spans a 17,225-square-foot lot and includes (10) 2BD/1BA units, and (4) 1BD/1BA units. Some of the units feature spacious second-story patios. The building has been updated with new windows throughout. Residents enjoy ample parking with 16 total spaces and the convenience of onsite laundry facilities, which also present an opportunity for additional income. Located in the desirable, quiet residential neighborhood of Whittier, 11506 Obert Avenue offers small-town charm with easy access to the Greater Los Angeles and Orange County.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LCR3*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 16
Pool None
Community Features Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8227010020
Energy Description 4000.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916
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