This 6-unit multifamily property is well-maintained and positioned in a high-demand rental area of Whittier. The property features four (4) two bed/one bath units, one (1) one bed/one bath unit and one (1) one bed/one bath unit with a balcony. Amenities include on-site garage parking and an on-site laundry room with a washer and dryer. Nearby schools include Whittier High School and the notable Whittier College.
Tenants are responsible to pay for their own gas and electricity bills. Just a few minutes away is the 605 freeway. Overall, 7312 Newlin is a great opportunity to grow your investment portfolio.
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Building Size: 5,353 Sq. Ft.
Units: 6
Lot Size: 7,001 Sq. Ft.
Cap Rate: 2.87%
Price: $1,700,000
Price Per Sq Ft: $332.52
Address: 7312 Newlin Avenue
City: Whittier
State: CA
Status: SOLD
Year Built: 1973
Price Per Unit: $296,667
Parking: Garage
GRM: 18.44