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Milton One 6333 Milton Ave 22 Unit Apartment Building $5,300,000 ($240,909/Unit) 6.13% Cap Rate Whittier, CA 90601
INVESTMENT HIGHLIGHTS
- Covered parking, covered pool and on-site laundry for tenants
- Recent capital improvement includes roof and exterior buildings
- 4 units 2bd/2bath, 16 units 2bed/1bath, and 2 units 1bed/1bath. All units with excellent floor plans
- Uptown Whittier District area featured variety restaurants, shops, historic landmark
EXECUTIVE SUMMARY
Fantastic Multi-Family Investment opportunity located in the historic Uptown Whittier District known area which is cherished for its small-town vibe and features a variety of restaurants, shops, local business, historic landmark, scenic hill, and nearby hiking trails.
This multifamily property offers 22 units with a spacious floor plan. Two building properties, total living area of 18,700 SF and a big, enclosed pool area for your tenants. Property has 4 Units with 2 Bedrooms and 2 Bathrooms, 16 units with 2 bedrooms 1 bathroom, and 2 units with 1 bedroom 1 bathroom. Garage with gate access, covered parking, on-site laundry available for tenants near the pool area. Built in 1962 and situated in the desirable WHR4 zoning. Ownership has completed major exterior and roofing improvements offering a lucrative prospect for a savvy investor with strong rental history in a desirable Uptown submarket Whittier area. CURRENT RENT BELOW MARKET VALUE AND GOOD POTENTIAL TO RAISE RENT. Property shall be sold "As-Is" its present condition.
This multifamily property offers 22 units with a spacious floor plan. Two building properties, total living area of 18,700 SF and a big, enclosed pool area for your tenants. Property has 4 Units with 2 Bedrooms and 2 Bathrooms, 16 units with 2 bedrooms 1 bathroom, and 2 units with 1 bedroom 1 bathroom. Garage with gate access, covered parking, on-site laundry available for tenants near the pool area. Built in 1962 and situated in the desirable WHR4 zoning. Ownership has completed major exterior and roofing improvements offering a lucrative prospect for a savvy investor with strong rental history in a desirable Uptown submarket Whittier area. CURRENT RENT BELOW MARKET VALUE AND GOOD POTENTIAL TO RAISE RENT. Property shall be sold "As-Is" its present condition.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Kitchen
- Hardwood Floors
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Pool
- Security System
- Gated
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | 900 |
| 2+1 | 16 | - | 870 |
| 1+1 | 2 | - | 800 |
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Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 8135-002-025 | Improvements Assessment | $1,776,555 |
| Land Assessment | $2,412,017 | Total Assessment | $4,188,572 |
PROPERTY TAXES
Parcel Number
8135-002-025
Land Assessment
$2,412,017
Improvements Assessment
$1,776,555
Total Assessment
$4,188,572
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Milton One | 6333 Milton Ave
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