11506 Obert Avenue, Whittier, CA 90604
-
Sold Price :
$3,190,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1962
Property Description
The Obert Arms is a 14-unit multifamily investment opportunity located in Whittier, CA. The Obert Arms offers a desirable mix of 4, one-bedroom units and 10, two-bedroom units and amenities including a central courtyard, private patios (select units), a balcony (select unit), tuck-under parking, and an on-site laundry facility. Whittier’s continued strong rental metrics, including a 2022 vacancy rate of just 1.2 percent and year-over-year rent growth of 11.7 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents below market rates, the property represents an attractive value-add opportunity for a new owner. Residents enjoy the property’s proximity to a plethora of retail, dining, and entertainment options at Gateway Plaza and Whittwood Town Center. Additionally, Whittier’s central location between Los Angeles, Orange, and Riverside Counties creates consistent demand from renters looking for convenient access to Southern California’s major commercial hubs.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
11506 Obert Avenue |
| City |
Whittier |
| State |
CA |
| Zip |
90604 |
| County |
Los Angeles |
| Listing Agent |
Tyler Leeson DRE #01451551 |
| Courtesy Of |
Marcus & Millichap RE Invest |
| Close Price |
$3,190,000 |
| Status |
Closed |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
17,424 |
| Year Built |
1962 |
Listing information courtesy of: Tyler Leeson, Marcus & Millichap RE Invest. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 14th, 2024 at 2:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
