Obert Arms | 11506 Obert Ave
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Obert Arms 11506 Obert Ave
14 Unit Apartment Building $5,412,000 CAD ($386,571 CAD/Unit) 5.21% Cap Rate Whittier, CA 90604
INVESTMENT HIGHLIGHTS
- Great Whittier Location 5.21% CAP / GRM 11.85
- 100% Occupancy
- 14 Units. (10) Large 2BD/1BA 925± Sf units + (4) Large 1BD/1BA 745± Sf units
EXECUTIVE SUMMARY
This multifamily gem boasts a 12,233 SF building with 14 units, all
currently leased at 100% occupancy. Built in 1962 and situated in the
desirable LCR3 zone, this property offers a lucrative prospect for a savvy
investor seeking a low-rise/garden style asset. With its strong rental history
and convenient location, this is an exceptional opportunity to capitalize on the
thriving Whittier real estate market.
currently leased at 100% occupancy. Built in 1962 and situated in the
desirable LCR3 zone, this property offers a lucrative prospect for a savvy
investor seeking a low-rise/garden style asset. With its strong rental history
and convenient location, this is an exceptional opportunity to capitalize on the
thriving Whittier real estate market.
PROPERTY FACTS
| Price | $5,412,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $386,571 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5.21% | Building Size | 12,233 SF |
| Gross Rent Multiplier | 11.85 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Price | $5,412,000 CAD |
| Price Per Unit | $386,571 CAD |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| Gross Rent Multiplier | 11.85 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 12,233 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.31/1,000 SF |
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 745 |
| 2+1 | 10 | - | 925 |
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PROPERTY TAXES
| Parcel Number | 8227-010-020 | Improvements Assessment | $2,321,101 CAD |
| Land Assessment | $2,475,841 CAD | Total Assessment | $4,796,943 CAD |
PROPERTY TAXES
Parcel Number
8227-010-020
Land Assessment
$2,475,841 CAD
Improvements Assessment
$2,321,101 CAD
Total Assessment
$4,796,943 CAD
ZONING
| Zoning Code | R3 |
| R3 |
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Obert Arms | 11506 Obert Ave
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