$3,550,000
11506 Obert Avenue Whittier, CA 90604
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$3,550,000
Est. payment /mo
12,233 SqFt
UPDATED:
11/04/2024 11:08 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,233 sqft
Price per Sqft $290
MLS Listing ID CRPW24141372
HOA Y/N No
Year Built 1962
Lot Size 0.395 Acres
Acres 0.4
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 Listing
Zoning LCR3
Interior
Fireplace No
Laundry Community Facility
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 8227010020
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Listed by Robert Stepp • Keller Williams - Santa Monica
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