Overview
- Residential Income
- 0.00
- 1962
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.
Address
Open on Google Maps- Address 11506 Obert Avenue
- City Whittier
- State/county CA
- Zip/Postal Code 90604
- Area 699 - Not Defined
- Country United States
Details
Updated on August 27, 2024 at 7:27 am- Property ID: SGR-33616010
- Price: $3,750,000
- Land Area: 17225.00 m²
- Garage: 0.00
- Year Built: 1962
- Property Type: Residential Income
- Property Status: For Sale
- Living Area: 12233.00
- MLS#: PW24141372
- Office Name: KELLER WILLIAMS - SANTA MONICA
- Agent Name: Robert Stepp
- MLS Status: Active
- Living Area Prefix: Sqft
- Co-Office Name: Synergy One Real Estate Ser.
- Co-Agent Name: Alex Figueroa
- Agent State License: 01456379
- Co-Agent State License: 01173239
- IDX Contact Info: 310-463-2916
Additional details
- Sewer: Public Sewer
- County: Los Angeles
- Property SubType: Commercial/Residential
- Parking: 16.00
- Water Source: Public
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