CA > Whittier
Whittier, CA 90604,11506 Obert AVE
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Whittier, CA 90604,11506 Obert AVE
Whittier, CA 90604,11506 Obert AVE
Whittier, CA 90604,11506 Obert AVE
Whittier, CA 90604,11506 Obert AVE
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Lenore Wilkas

Lenore Wilkas

+1(760) 407-2100
$ 3,550,000
Est. payment /mo
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Price Dropped by $200K

11506 Obert AVE Whittier, CA 90604

0.4 Acres Lot

UPDATED:

11/04/2024 09:45 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24141372

HOA Y/N No

Year Built 1962

Lot Size 0.395 Acres

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 7.09% cap rate at market rents. New financing is available at 5.65%. 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LCR3*

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 16

Pool None

Community Features Sidewalks

Total Parking Spaces 16

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8227010020

Energy Description 4000.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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11506 Obert AVE