**Huge Price Drop! Reduced by $145,000**100% Occupied** This well-maintained six-unit apartment complex, built in 1986, is located at the corner of Penn St and Newlin Ave in the highly desirable Uptown Whittier area. With a building size of 4,925 sq. ft. on an 8,856 sq. ft. lot, the property features two buildings: Front building has 2 single-story units, each with 2 bedrooms and 2 bathroom. The back building has 4 townhouse-style units, each with 2 bedrooms and 1.5 bathrooms. 100% occupied. All tenants pay rent on time, it is an easy manage building! Central air and heating with four systems have been upgraded in the recent years. Two-car garage for each unit; total 12 garage parking spaces. Private balconies for each end units. The common area includes a laundry room that generates income. The revenue is shared with the laundry company and there’s no hassle with machine maintenance. Recent building update also includes fresh exterior paint, two units had newly remodeled kitchens. The Balcony and Stairs inspection has been done with a complete report. A 100 Gal water heater for the whole complex is 6 years new. Conveniently located near Whittier College, Whittier museum, City Hall, PD, churches and many shops, the complex attracts long-term tenants! This excellent apartment property with a strong track record of timely rent payments, will be your next perfect investment opportunity for steady rental income and portfolio growth. Note-buyer to cooperated with seller’s 1031 exchange.
Property Details
Price:
$1,980,000
MLS #:
WS25013167
Status:
Active
Baths:
0
Address:
12630 Penn Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
670whittier
City:
Whittier
Listed Date:
Jan 17, 2025
State:
CA
ZIP:
90602
Lot Size:
8,859 sqft / 0.20 acres (approx)
Year Built:
1986
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Schools
Interior
Cooling
Central Air
Heating
Central
Exterior
Community Features
Sidewalks
Garage Spaces
12.00
Lot Features
6-10 Units/ Acre
Parking Spots
12.00
Pool Features
None
Roof
Flat
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Map
Community
- Address12630 Penn Street Whittier CA
- Area670 – Whittier
- CityWhittier
- CountyLos Angeles
- Zip Code90602
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12630 Penn Street
Whittier, CA
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