7641 Bright Avenue, a five-unit apartment property in Whittier, California, boasts an excellent rental location in a desirable market; the property is just one block from Greenleaf Avenue, home to Whittier’s dining, retail and entertainment district, one block to Friends Park and Whittier’s Civic Center, and a half-mile to Whittier College. 7641 Bright Avenue consists of a single-story two-bed/one-bath house and a two-story fourplex with all one-bed/one-bath units. The units are separately metered for gas and electricity. The property is gated behind the fourplex and features six surface parking spots and shared laundry facilities. Current rents offer a new investor 58 percent potential upside, making this offering a great value-add opportunity in an excellent rental location.
Listing courtesy of Steve Bogoyevac and David O’Keefe of Marcus & Millichap
Building Size: 3,046 Sq. Ft.
Units: 5
Lot Size: 7,056 Sq. Ft.
Cap Rate: 3.03%
Price: $1,500,000
Price Per Sq Ft: $492.45
Address: 7641 Bright Ave.
City: Whittier
State: CA
Status: Active
Year Built: 1946
Price Per Unit: $300,000
Parking: Open Spaces
GRM: 19.55
