The subject property is a beautiful 12-unit apartment complex with the majority of the units being renovated in recent years. Some of the upgrades include new wall furnace heaters, new vinyl patio walls, laminated flooring, granite countertops, and drought-resistant landscaping. The property’s unit mix consists of nine 1 bedroom 1 bathroom units and three 2 bedroom 1 bathroom units. The property features an on-site laundry facility, 11 carports, and 1 garage space. The city of Whittier is a dynamic multifamily rental market that is centrally located in all of Southern California and is only 12 miles from Downtown Los Angeles. Easily accessible through the 605 freeway, between the 60 and the 5 freeways.
Listing courtesy of Juan Cardenas of Remax Commercial
Building Size: 7,272 Sq. Ft.
Units: 12
Lot Size: 13,707 Sq. Ft.
Cap Rate: 3.93%
Price: $3,600,00
Price Per Sq Ft: $495.05
Address: 13632 Penn St.
City: Whittier
State: CA
Status: Active
Year Built: 1959
Price Per Unit: $300,000
Parking: Carport
GRM: 14.89
