$1,365,000
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8,477 Sqft Lot
SOLD DATE : 04/29/2022
Key Details
Sold Price $1,365,000
Property Type Commercial Multi-Residential (5 units)
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB22025899
Year Built 1960
Lot Size 8,477 Sqft
Property Description
Huge 6-unit apartment building in South Whittier on an oversized lot priced below replacement cost at only $268 per square foot. Perfect unit mix with all large two bedroom, one bathroom units. Very well parked with carport for 6 cars plus 6 additional parking spaces. Enormous 102% upside in rents to a cap rate of 6.5% and a GRM of 9.8X on market rents. Rare opportunity for a true value add in a great location.
Location
State CA
County Los Angeles
Area 670 - Whittier
Interior
Laundry Laundry Area
Exterior
Parking Features Carport
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable
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Bought with Anthony Walker
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