We are pleased to present for sale Property 1 of 6 within a newly launched 47-unit multifamily portfolio, offering investors the opportunity to acquire a well-positioned asset in the highly desirable Uptown Whittier submarket. The subject property is an 8-unit apartment building located within walking distance of the shops, dining,… Read More and entertainment along Greenleaf Avenue, one of the area's most vibrant retail corridors. The property features a desirable unit mix of three 2-bedroom/1-bath units and five 1-bedroom/1-bath units, appealing to a broad tenant base and supporting stable occupancy. With strong in-place income and clear rental upside potential, the asset presents an attractive value-add opportunity. Additional features include on-site laundry, dedicated parking, controlled access entry, and separately metered gas and electricity, helping to streamline operations and reduce expenses. The property also offers potential for ADU development (buyer to verify), providing an additional avenue for income growth. With a Walk Score of 83 (Very Walkable), tenants benefit from convenient access to nearby amenities, enhancing long-term demand. The asset is subject to California AB 1482 and is not governed by local rent control, offering a more predictable regulatory environment. As part of a 6-property portfolio, this opportunity provides flexibility for investors seeking either a single acquisition or a larger portfolio investment, combining stable current cash flow with long-term appreciation potential. Properties do not have to be sold together. ** Check out the property video link. Read Less
Courtesy of Remax Commercial and Investment Realty 213-817-1000
Listing Snapshot
Days Online
45
Last Updated
Property Type
Other
Beds
11
Square Ft.
5,442
Lot Size
0.17 Acres
Year Built
1963
MLS Number
26698237
Additional Details
Building
5,442 sq ft, Built in 1963, Levels: Two
Cooling
Wall Unit(s)
Disclosures
As Is
Garage
2 total garage spaces, Covered Parking, Garage
Laundry
Room
Lot
LotAcreage: 0.1652, LotSizeArea: 7,198
Parking
CoveredParking: 6, TotalParking: 8
Property
NumberOfUnits: 8, Zoning: WHR4*
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