7031 Whittier Avenue, Whittier, CA 90602
- $1,170,000
- Sold Price
- $1,170,000
- List Price
- $1,150,000
- Closing Date
- Mar 18, 2025
- Status
- CLOSED
- MLS#
- PW25022797
- Year Built
- 1961
- Lot Size
- 7,000
- Acres
- 0.16
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 13
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Offered for the first time in over 40 years, this well-maintained property consists of a 2-bedroom, 1-bath (SFR) at the front, and a 4-plex in the rear with (2) 2-bed/1bath and (2) 1 bed/1 bath units. Recent updates include exterior paint (2023), a new roof on the 4-plex (2023), and window replacements throughout. This asset offers substantial value-add potential, with a long-term opportunity to increase NOI by over 200%. Each unit has laundry hookups, 1:1 surface parking and the landlord currently covers only water and trash, keeping operating expenses low. The property is positioned for long-term growth in a strong rental market, making it an ideal acquisition for investors seeking steady returns and future appreciation.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $64,020
- Operating Expense
- 31375
Listing courtesy of Listing Agent: Daniel Gomez (dgomez@younglewin.com) from Listing Office: Younglewin Advisors, Inc..
Listing sold by Daniel Gomez from Younglewin Advisors, Inc.
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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.