11506 Obert Avenue, Whittier, CA 90604
-
Listed Price :
$3,750,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1962
Property Description
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
11506 Obert Avenue |
| City |
Whittier |
| State |
CA |
| Zip |
90604 |
| County |
Los Angeles |
| Listing Agent |
Robert Stepp DRE #01456379 |
| Co-Listing Agent |
Alex Figueroa DRE #01173239 |
| Courtesy Of |
Keller Williams - Santa Monica |
| List Price |
$3,750,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
17,225 |
| Year Built |
1962 |
Listing information courtesy of: Robert Stepp, Alex Figueroa, Keller Williams - Santa Monica. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 20th, 2024 at 7:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
