11506 Obert Avenue
Whittier, CA, 90604
$3,550,000
Beds
0 Baths
SqFt
0.4 Acres
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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.

Property Details

Price:
$3,550,000
MLS #:
PW24141372
Status:
Active
Baths:
0
Address:
11506 Obert Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
699notdefined
City:
Whittier
Listed Date:
Jul 11, 2024
State:
CA
ZIP:
90604
Lot Size:
17,225 sqft / 0.40 acres (approx)
Year Built:
1962
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11-15 Units/ Acre
Parking Spots
16.00
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None
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Stories Total
2
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Public

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11506 Obert Avenue
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