7017 Pickering Avenue, Whittier, CA 90602

$4,450,000

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Sold Price
$4,450,000
List Price
$4,695,000
Closing Date
Feb 05, 2025
Status
CLOSED
MLS#
PW24219825
Year Built
1955
Lot Size
21,559
Acres
0.49
Days on Market
18
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

Welcome to the Town House of Whittier Apartments! A 24 unit multi-family property located at 7017-7023 Pickering Ave. in Uptown Whittier. Built in 1955, the subject property consists of 11,960 square feet on a 21,559 SF Lot, comprised of (2) separate 12 unit buildings, and a parking lot with 24 surface parking spaces. The unit mix consists of (24) 1bd/1bth units, approximately 425 SF each. Additionally, there is a separate shared laundry room for the property. New electrical sub-panels were installed in 2017, and the entire building was re-plumbed with copper plumbing in 2023, where 12 of the water heaters were also replaced. First time on the market in 50+ years! With current rents below market, the property represents an attractive opportunity for a new owner. The Town House of Whittier Apartments are ideally located in a vibrant and desirable area. One of its key strengths is its close proximity to Uptown Whittier, a lively district known for its historic charm, eclectic mix of shops, restaurants, and entertainment venues. Additionally, the location offers excellent connectivity to major freeways and public transportation, making commutes and travel convenient. This is a great opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would a great addition to any investor's portfolio.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
24
Gross Scheduled Income
$337,320

Listing courtesy of Listing Agent: Spencer Pabst (spabst@pabstkinney.com) from Listing Office: Pabst, Kinney & Associates.

Listing sold by Spencer Pabst from Pabst, Kinney & Associates

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.