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11517 Obert Avenue

Whittier, CA 90604
  • $2,850,000
  • STATUS: ACTIVE
  • ON SITE: 104 Days
  • ID#: PW23110250
UPDATED: 78 min ago
$2,850,000
  • 5
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Looking for a unique investment opportunity? Look no further! A stunning 10-unit multifamily property is up for grabs at the prime address of 11517 Obert Ave in Whittier, CA. This one-of-a-kind building, constructed in the 1960s, sits on an oversized lot of over 10,000 square feet and offers a mix of six one-bedroom units and four-bedroom units. The property boasts amenities such as a lush-green foliage courtyard at the center, an on-site laundry facility, and 10-covered carports for hassle-free parking. With three units currently vacant, the new owner will be able to capitalize on Whittier's high market value. Additionally, the property's current rentals are below market rates, giving the new owner an opportunity to adjust them, increase profitability, and improve the property's value - thereby adding more value to their own portfolio. The location is another bonus point - Whittier is a thriving city with plenty of popular retail shops, restaurants, conveniently located grocery stores, banks, and hospitals. This accessibility makes it an ideal location for anyone looking to invest in rental properties. Last but not least, this property is situated in Los Angeles County, with easy access to the borders of cities within Orange County and Riverside County. You can reach it from the 90, which connects to the 91 and provides access to Riverside County. This investment opportunity is too good to pass up - act fast before it's gone Looking for a unique investment opportunity? Look no further! A stunning 10-unit multifamily property is up for grabs at the prime address of 11517 Obert Ave in Whittier, CA. This one-of-a-kind building, constructed in the 1960s, sits on an oversized lot of over 10,000 square feet and offers a mix of six one-bedroom units and four-bedroom units. The property boasts amenities such as a lush-green foliage courtyard at the center, an on-site laundry facility, and 10-covered carports for hassle-free parking. With three units currently vacant, the new owner will be able to capitalize on Whittier's high market value. Additionally, the property's current rentals are below market rates, giving the new owner an opportunity to adjust them, increase profitability, and improve the property's value - thereby adding more value to their own portfolio. The location is another bonus point - Whittier is a thriving city with plenty of popular retail shops, restaurants, conveniently located grocery stores, banks, and hospitals. This accessibility makes it an ideal location for anyone looking to invest in rental properties. Last but not least, this property is situated in Los Angeles County, with easy access to the borders of cities within Orange County and Riverside County. You can reach it from the 90, which connects to the 91 and provides access to Riverside County. This investment opportunity is too good to pass up - act fast before it's gone

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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11517 Obert Avenue Whittier, CA 90604

  • Price: $2,850,000
  • Status: ACTIVE
  • On Site: 104 Days
  • Updated: 78 min ago
  • ID#: PW23110250
5
Beds
0
Baths
0
½ Baths
0.24
Acres
Neighborhood:
Whittier (90604)
County:
Los Angeles
Area:
Whittier (90604)
Property Description
Looking for a unique investment opportunity? Look no further! A stunning 10-unit multifamily property is up for grabs at the prime address of 11517 Obert Ave in Whittier, CA. This one-of-a-kind building, constructed in the 1960s, sits on an oversized lot of over 10,000 square feet and offers a mix of six one-bedroom units and four-bedroom units. The property boasts amenities such as a lush-green foliage courtyard at the center, an on-site laundry facility, and 10-covered carports for hassle-free parking. With three units currently vacant, the new owner will be able to capitalize on Whittier's high market value. Additionally, the property's current rentals are below market rates, giving the new owner an opportunity to adjust them, increase profitability, and improve the property's value - thereby adding more value to their own portfolio. The location is another bonus point - Whittier is a thriving city with plenty of popular retail shops, restaurants, conveniently located grocery stores, banks, and hospitals. This accessibility makes it an ideal location for anyone looking to invest in rental properties. Last but not least, this property is situated in Los Angeles County, with easy access to the borders of cities within Orange County and Riverside County. You can reach it from the 90, which connects to the 91 and provides access to Riverside County. This investment opportunity is too good to pass up - act fast before it's gone Looking for a unique investment opportunity? Look no further! A stunning 10-unit multifamily property is up for grabs at the prime address of 11517 Obert Ave in Whittier, CA. This one-of-a-kind building, constructed in the 1960s, sits on an oversized lot of over 10,000 square feet and offers a mix of six one-bedroom units and four-bedroom units. The property boasts amenities such as a lush-green foliage courtyard at the center, an on-site laundry facility, and 10-covered carports for hassle-free parking. With three units currently vacant, the new owner will be able to capitalize on Whittier's high market value. Additionally, the property's current rentals are below market rates, giving the new owner an opportunity to adjust them, increase profitability, and improve the property's value - thereby adding more value to their own portfolio. The location is another bonus point - Whittier is a thriving city with plenty of popular retail shops, restaurants, conveniently located grocery stores, banks, and hospitals. This accessibility makes it an ideal location for anyone looking to invest in rental properties. Last but not least, this property is situated in Los Angeles County, with easy access to the borders of cities within Orange County and Riverside County. You can reach it from the 90, which connects to the 91 and provides access to Riverside County. This investment opportunity is too good to pass up - act fast before it's gone
Exterior Features

Pool N/K Site Sidewalks Spa N/K

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Annual Expense Actual 25381 Buildings 1 Cfd Mello Roos Fee 2985.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 184596 Monthly Total Fees 248 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 978.0 Unit2 Rent Actual 979.0 Unit3 Rent Actual 901.0 Unit4 Rent Actual 1765.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Samuel Mikhail of The New City Realty: 562-805-9063. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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