9025 Mills Avenue
Whittier, CA, 90603
$2,900,000
Beds
0 Baths
SqFt
0.26 Acres
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9025 Mills Ave checks the right boxes. No local rent control, steady income, and headache-free operations in a reliable pocket of LA County. Offered to the market for the first time in over 30 years, 9025 Mills Avenue is a well-maintained 10-unit complex in East Whittier, that offers both stable income and a convenient location. Built in 1960, the property includes (4) 2-bdrm. units and (6) 1-bdrm. units, that have been consistently maintained by long-term ownership. All units feature dual-pane windows, and select units have balconies or patios. Offered at a 5.30% CAP and 12.19 GRM on current rents, the property offers solid in-place income, with projected stabilization at 6.34% CAP and 10.73 GRM after interior updates. Market rents in the area support approx. 13% rental upside. 9025 Mills is not subject to local rent control, allowing for full CPI-based increases under statewide AB 1482 guidelines (currently 8.8% – buyer to verify). Located just south of Whittier Blvd, 9025 Mills is walkable to a mix of cafes, grocers, and daily retail. It’s also just over a mile from both The Quad at Whittier and Whittwood Town Center, two of the city’s largest shopping hubs. In addition, the property is located 0.5 miles from Whittier Hospital Medical Center (employs approx. 3,700 people). For someone looking to hold long-term and avoid unnecessary headaches, 9025 Mills Ave checks the right boxes. Steady income and headache-free operations in a reliable pocket of LA County.

Property Details

Price:
$2,900,000
MLS #:
IV25065319
Status:
Active
Baths:
0
Address:
9025 Mills Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
670whittier
City:
Whittier
Listed Date:
Mar 25, 2025
State:
CA
ZIP:
90603
Lot Size:
11,206 sqft / 0.26 acres (approx)
Year Built:
1960
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