11506 Obert Avenue
Whittier, CA 90604
$200,000.00 (-5.33%)
Active for $3,550,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 17,225 sqft
| MLS | PW24141372 |
| Year Built | 1962 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $3,550,000 |
| Structure Size | N/A sqft |
| Lot Size | 17,225 sqft |
| Beds | N/A |
| Baths | N/A |
Description
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.
Listing information courtesy of: Robert Stepp, Keller Williams - Santa Monica 310-774-3740. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 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.
Location
Contact a Local Realtor®
Sevana Grigor
REALTOR®
Direct: 818.434.9359
Email: Email Me
DRE: 01736497
DRE #01873088
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