11506 Obert Ave, Whittier, CA 90604
14 Unit Apartment Building | $3,750,000 ($267,857/Unit) | 5.42% Cap Rate | Whittier, CA 90604
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $3,750,000
- Property Type
-
Multifamily
- Square Feet
- 12,233 SF
Listing Contacts
Robert Stepp
Verified Profile
Travis Traweek
Verified Profile
Alex Figueroa
Verified Profile
- Property Info
Property Overview
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 6.81% cap rate at market rents.
New financing is available at 5.65% with 2 years interest only, 7-year fixed term.
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.
New financing is available at 5.65% with 2 years interest only, 7-year fixed term.
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.
Property Details
- Class
- C
- Year Built
- 1962
- Stories
- 2
- Lot Size (sq. ft)
- 17,424 SF
- Units
- 14
Highlights
- New Loan Available at 5.65%, 2 Years I/O, 7-Year Fixed Term
- ±18% Rental Upside / 6.81% Market Cap Rate
- Select Units Feature Sizable 2nd Story Patios
- New Windows Throughout Property
- 16 Total Parking Spaces
- Prime Cul-de-Sac Location
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].