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6520 Pickering Ave 5 Unit Apartment Building $1,295,000 ($259,000/Unit) 7.37% Cap Rate Whittier, CA 90601
Investment Highlights
- Located in Uptown Whittier within a short walk of restaurants, retail, and cultural destinations.
- Easy access to major transportation routes, including I-605, I-5, and SR-60, offering connectivity to Los Angeles and Orange County.
- Stable multifamily asset with potential upside through property enhancements or unit renovations.
Executive Summary
Exceptional investment opportunity in a highly desirable Whittier location. This five-unit multifamily property offers approximately 3,628 square feet of living space on a 7,003 square foot lot and features a well-balanced unit mix consisting of one front house with 3 bedrooms and 1.5 bathrooms, two 2-bedroom/1-bath units, and two 1-bedroom/1-bath units.
Situated in a strong rental market with convenient access to major freeways, employment centers, shopping, dining, and public transportation, the property presents significant income-producing potential. The diverse unit mix appeals to a broad tenant base, supporting long-term occupancy and rental stability.
Investors will appreciate the property’s location in a market not subject to local rent control, providing added flexibility for rental operations. Whether expanding an existing portfolio or acquiring a value-add multifamily asset, this property offers strong rental income potential in a sought-after Southern California submarket.
Situated in a strong rental market with convenient access to major freeways, employment centers, shopping, dining, and public transportation, the property presents significant income-producing potential. The diverse unit mix appeals to a broad tenant base, supporting long-term occupancy and rental stability.
Investors will appreciate the property’s location in a market not subject to local rent control, providing added flexibility for rental operations. Whether expanding an existing portfolio or acquiring a value-add multifamily asset, this property offers strong rental income potential in a sought-after Southern California submarket.
Property Facts
| Price | $1,295,000 | Apartment Style | Low-Rise |
| Price Per Unit | $259,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.37% | Building Size | 3,628 SF |
| Gross Rent Multiplier | 11.22 | Average Occupancy | 95% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Zoning | R4, Whittier - Multifamily Residential | ||
| Price | $1,295,000 |
| Price Per Unit | $259,000 |
| Sale Type | Investment |
| Cap Rate | 7.37% |
| Gross Rent Multiplier | 11.22 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,628 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | R4, Whittier - Multifamily Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 2+1.5 | 1 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8139-008-020 | Improvements Assessment | $439,324 |
| Land Assessment | $284,348 | Total Assessment | $723,672 |
Property Taxes
Parcel Number
8139-008-020
Land Assessment
$284,348
Improvements Assessment
$439,324
Total Assessment
$723,672
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6520 Pickering Ave
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