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    8216 Painter Avenue

    Whittier, CA 90602
    • $2,690,000
    • STATUS: ACTIVE
    • ON SITE: 18 days
    • ID#: AR21078069
    UPDATED: 49 min ago
    $2,690,000
    • 5
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are proud to exclusively offer WHITTIER COURTYARD 8216-26 Painter Ave, a 9-unit beautiful garden style apartment investment opportunity located in the City of Whittier, CA. The property is strategically located less than a mile from Whittier City Hall, Whittier College and Uptown Whittier area. It is also a walking distance to Quad at Whittier shopping center (400,000 SF destination center which housed Ralphs, Burlington Coat Factory, Rite Aid, Ross, TJ Maxx, Staples, Petco, Big 5, Old Navy, Olive Garden, Baja Fresh, Chilis and other local/ national retailers). It is minutes away from Whittier Hospital and the Whittwood Town Center (a shopping center which includes JCPenney, Sears, Target, Kohls, PetSmart, Black Angus Steakhouse, Panera Bread and many more). WHITTIER COURTYARD is a pride-of-ownership attractive two-story garden style apartment that is situated on an oversized lot of 24,698 SF. It is a corner lot on Ramona Dr, a quiet tree-lined single family residential area. It has a lush and expansive landscaping that offers a future expansion opportunity (ADUs) and wonderful living atmosphere for tenants. The property was built in 1952 and has 2 separate buildings. The main building is a single-story apartment that has 5 units, and the 2nd building is a 2-story apartment with 4 units. The building offers an excellent unit mix of 1 x 2bed+2bath, 4 x 2bed+1bath, 2 x 1bed+1bath and 2 x studio units. Many of the tenants are longtime tenants that are month to month which offers an excellent value add upside potential. The 2bed+2bath unit have been fully upgraded with new We are proud to exclusively offer WHITTIER COURTYARD 8216-26 Painter Ave, a 9-unit beautiful garden style apartment investment opportunity located in the City of Whittier, CA. The property is strategically located less than a mile from Whittier City Hall, Whittier College and Uptown Whittier area. It is also a walking distance to Quad at Whittier shopping center (400,000 SF destination center which housed Ralphs, Burlington Coat Factory, Rite Aid, Ross, TJ Maxx, Staples, Petco, Big 5, Old Navy, Olive Garden, Baja Fresh, Chilis and other local/ national retailers). It is minutes away from Whittier Hospital and the Whittwood Town Center (a shopping center which includes JCPenney, Sears, Target, Kohls, PetSmart, Black Angus Steakhouse, Panera Bread and many more). WHITTIER COURTYARD is a pride-of-ownership attractive two-story garden style apartment that is situated on an oversized lot of 24,698 SF. It is a corner lot on Ramona Dr, a quiet tree-lined single family residential area. It has a lush and expansive landscaping that offers a future expansion opportunity (ADUs) and wonderful living atmosphere for tenants. The property was built in 1952 and has 2 separate buildings. The main building is a single-story apartment that has 5 units, and the 2nd building is a 2-story apartment with 4 units. The building offers an excellent unit mix of 1 x 2bed+2bath, 4 x 2bed+1bath, 2 x 1bed+1bath and 2 x studio units. Many of the tenants are longtime tenants that are month to month which offers an excellent value add upside potential. The 2bed+2bath unit have been fully upgraded with new flooring, new kitchen with quartz countertops and new cabinets, new bathroom with tiled shower and new bathtub, central A/C and heating. There are 12 parking spaces provided by 3 garages and 9 carports. The property is separately metered for electricity and gas. It has shared laundry room. The 2-story building has been earthquake retrofitted sometimes in 2018. Because of the large lot size and its SP zoning (Whittier Blvd Specific Plan), there is a high probability that new owner can add multiple units to this parcel.

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    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    8216 Painter Avenue Whittier, CA 90602

    • Price: $2,690,000
    • Status: ACTIVE
    • Updated: 49 min ago
    • ID#: AR21078069
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    Neighborhood:
    Whittier (90602)
    County:
    Los Angeles
    Area:
    Whittier (90602)
    Property Description
    We are proud to exclusively offer WHITTIER COURTYARD 8216-26 Painter Ave, a 9-unit beautiful garden style apartment investment opportunity located in the City of Whittier, CA. The property is strategically located less than a mile from Whittier City Hall, Whittier College and Uptown Whittier area. It is also a walking distance to Quad at Whittier shopping center (400,000 SF destination center which housed Ralphs, Burlington Coat Factory, Rite Aid, Ross, TJ Maxx, Staples, Petco, Big 5, Old Navy, Olive Garden, Baja Fresh, Chilis and other local/ national retailers). It is minutes away from Whittier Hospital and the Whittwood Town Center (a shopping center which includes JCPenney, Sears, Target, Kohls, PetSmart, Black Angus Steakhouse, Panera Bread and many more). WHITTIER COURTYARD is a pride-of-ownership attractive two-story garden style apartment that is situated on an oversized lot of 24,698 SF. It is a corner lot on Ramona Dr, a quiet tree-lined single family residential area. It has a lush and expansive landscaping that offers a future expansion opportunity (ADUs) and wonderful living atmosphere for tenants. The property was built in 1952 and has 2 separate buildings. The main building is a single-story apartment that has 5 units, and the 2nd building is a 2-story apartment with 4 units. The building offers an excellent unit mix of 1 x 2bed+2bath, 4 x 2bed+1bath, 2 x 1bed+1bath and 2 x studio units. Many of the tenants are longtime tenants that are month to month which offers an excellent value add upside potential. The 2bed+2bath unit have been fully upgraded with new We are proud to exclusively offer WHITTIER COURTYARD 8216-26 Painter Ave, a 9-unit beautiful garden style apartment investment opportunity located in the City of Whittier, CA. The property is strategically located less than a mile from Whittier City Hall, Whittier College and Uptown Whittier area. It is also a walking distance to Quad at Whittier shopping center (400,000 SF destination center which housed Ralphs, Burlington Coat Factory, Rite Aid, Ross, TJ Maxx, Staples, Petco, Big 5, Old Navy, Olive Garden, Baja Fresh, Chilis and other local/ national retailers). It is minutes away from Whittier Hospital and the Whittwood Town Center (a shopping center which includes JCPenney, Sears, Target, Kohls, PetSmart, Black Angus Steakhouse, Panera Bread and many more). WHITTIER COURTYARD is a pride-of-ownership attractive two-story garden style apartment that is situated on an oversized lot of 24,698 SF. It is a corner lot on Ramona Dr, a quiet tree-lined single family residential area. It has a lush and expansive landscaping that offers a future expansion opportunity (ADUs) and wonderful living atmosphere for tenants. The property was built in 1952 and has 2 separate buildings. The main building is a single-story apartment that has 5 units, and the 2nd building is a 2-story apartment with 4 units. The building offers an excellent unit mix of 1 x 2bed+2bath, 4 x 2bed+1bath, 2 x 1bed+1bath and 2 x studio units. Many of the tenants are longtime tenants that are month to month which offers an excellent value add upside potential. The 2bed+2bath unit have been fully upgraded with new flooring, new kitchen with quartz countertops and new cabinets, new bathroom with tiled shower and new bathtub, central A/C and heating. There are 12 parking spaces provided by 3 garages and 9 carports. The property is separately metered for electricity and gas. It has shared laundry room. The 2-story building has been earthquake retrofitted sometimes in 2018. Because of the large lot size and its SP zoning (Whittier Blvd Specific Plan), there is a high probability that new owner can add multiple units to this parcel.
    Exterior Features

    Pool N/K Site Corner Lot

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Annual Expense Actual 59431 Buildings 2 Gross Scheduled Income Actual 169104 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1736.0 Unit2 Rent Actual 2050.0 Unit3 Rent Actual 1163.0 Unit4 Rent Actual 1300.0 Zoning Assessor

    Listing provided courtesy of Gig Real Estate Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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