$1,625,000
We are proud to present Property 2 of 6 within this newly released 47-unit multifamily portfolio, offering investors the opportunity to acquire a well-located asset in the heart of Uptown Whittier. This 5-unit apartment building is ideally positioned just steps from the shops, dining, and entertainment along Greenleaf Avenue, placing it in one of the area's most desirable and walkable rental neighborhoods. Offered for the first time in over five years, the property represents a rare opportunity in a tightly held submarket. The asset features a functional and attractive unit mix of four 2-bedroom/1-bath units and one 3-bedroom/2-bath unit, appealing to a wide tenant base and supporting long-term occupancy. The property demonstrates clear pride of ownership, with multiple recent upgrades enhancing both its condition and tenant appeal. Additional amenities include dedicated parking, on-site laundry, and separately metered gas and electricity, contributing to efficient management and reduced operating expenses. A rear unit with private access and an outdoor area further enhances rental desirability. The property also offers potential for ADU development (buyer to verify), providing an opportunity to increase future income. SB721 compliance has already been addressed, and the asset is subject only to California AB 1482, with no local rent control restrictions. This investment presents a compelling combination of stable in-place income and long-term upside potential in a high-demand rental market, with the added flexibility to acquire as an individual asset or as part of the broader 6-property portfolio. Properties do not have to be sold together. ** Check out the property video link.
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Listed by Shant Sherbetdjian with Remax Commercial and Investment Realty (213) 817-1000
Property Type
Residential Income
Status
Active
MLS Number
26698353
Year Built
1954
Lot Size
6,900 sq ft