11510 Colima Rd | Whittier, CA 90604
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- LoopNet Team
11510 Colima Rd
Whittier, CA 90604
49 units Value add with 28% upside · Multifamily Property For Sale
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49 Units
INVESTMENT HIGHLIGHTS
- Excellent unit mix with 69% are combination of 2Bed, 3Bed and 4Bed units
- Overparked building with clear upside for ADU units
- Superb location near Whittier College and Biola University; Demographics ±$97,574 within a mile radius
- Value add with ±28% rental upside, most tenants are due for rent increases
- Low price per unit with some major capital improvements already completed
- Overparked building: 74 parking spaces, most lower units have private patio
PROPERTY FACTS
| No. Units | 49 | Building Size | 38,903 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2018 |
| Building Class | C | Parking Ratio | 1.99/1,000 SF |
| Lot Size | 1.22 AC | ||
| Zoning | LCR3 | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.22 AC |
| Building Size | 38,903 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2018 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | LCR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Gated
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 19 | - | - |
| 2+1 | 24 | - | - |
| 2+2 | 3 | - | - |
| 3+2 | 1 | - | - |
| 3+3 | 1 | - | - |
| 4+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 8227-001-044 | Improvements Assessment | $5,093,798 |
| Land Assessment | $6,791,731 | Total Assessment | $11,885,529 |
PROPERTY TAXES
Parcel Number
8227-001-044
Land Assessment
$6,791,731
Improvements Assessment
$5,093,798
Total Assessment
$11,885,529
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