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Key Details
Sold Price $1,365,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22025899
Sold Date 04/29/22
HOA Y/N No
Year Built 1960
Lot Size 8,476 Sqft
Property Description
Huge 6-unit apartment building in South Whittier on an oversized lot priced below replacement cost at only $268 per square foot. Perfect unit mix with all large two bedroom, one bathroom units. Very well parked with carport for 6 cars plus 6 additional parking spaces. Enormous 102% upside in rents to a cap rate of 6.5% and a GRM of 9.8X on market rents. Rare opportunity for a true value add in a great location.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning LCR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8157026011
Energy Description 1907.0
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Anthony Walker Buckingham Investments, Inc
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891