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8026 Comstock Ave - The Comstock 4 Unit Apartment Building Offered at $1,299,000 at a 5.55% Cap Rate Whittier, CA 90602
Investment Highlights
- Located in the highly desirable rental market of Whittier, CA
- Unit Mix includes (1) 3BD/1BA house and (3) 2BD/1BA units
- Private driveway and carport parking available for tenant use
- No Rent Control (other than AB1482)
- Average Household Income within a 1-mile radius is $115,000+/-
Executive Summary
The Swanson Team proudly presents a well-located fourplex investment opportunity at 8026 Comstock Avenue in Uptown Whittier, offering four units totaling approximately 3,300 square feet on a 6,822 square foot lot, built in 1962. The property consists of a desirable unit mix of one 3-bedroom, 1-bath single-family home and three 2-bedroom, 1-bath units, supported by a private driveway and carport parking. Positioned in a strong rental market with average household incomes exceeding $115,000 within a one-mile radius and no local rent control beyond AB 1482, the asset benefits from consistent tenant demand and long-term stability. Financially, the offering is priced at $1,299,000 ($324,750 per unit and $394 per square foot), presenting an attractive entry basis below comparable sales, with an in-place cap rate of 5.55% and upside to approximately 6.65% on a pro forma basis. Current annual income is approximately $107,316 with the potential to increase to over $122,000 through rent growth and RUBS implementation, while maintaining reasonable operating expenses. Located in a highly accessible corridor between Los Angeles and Orange County, the property offers investors a compelling combination of stable cash flow, rental upside, and long-term appreciation potential in one of Southeast Los Angeles County’s most established and desirable rental markets.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,576
|
$31.99
|
| Other Income |
$1,740
|
$0.53
|
| Vacancy Loss |
$3,219
|
$0.98
|
| Effective Gross Income |
$104,097
|
$31.54
|
| Taxes |
$15,240
|
$4.62
|
| Operating Expenses |
$16,756
|
$5.08
|
| Total Expenses |
$31,996
|
$9.70
|
| Net Operating Income |
$72,101
|
$21.85
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $105,576 |
| Annual Per SF | $31.99 |
| Other Income | |
|---|---|
| Annual | $1,740 |
| Annual Per SF | $0.53 |
| Vacancy Loss | |
|---|---|
| Annual | $3,219 |
| Annual Per SF | $0.98 |
| Effective Gross Income | |
|---|---|
| Annual | $104,097 |
| Annual Per SF | $31.54 |
| Taxes | |
|---|---|
| Annual | $15,240 |
| Annual Per SF | $4.62 |
| Operating Expenses | |
|---|---|
| Annual | $16,756 |
| Annual Per SF | $5.08 |
| Total Expenses | |
|---|---|
| Annual | $31,996 |
| Annual Per SF | $9.70 |
| Net Operating Income | |
|---|---|
| Annual | $72,101 |
| Annual Per SF | $21.85 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $2,673 | 1,100 |
| 2+1 | 3 | $2,075 | 733 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8141-036-013 | Total Assessment | $653,139 |
| Land Assessment | $314,008 | Annual Taxes | $15,240 ($4.62/SF) |
| Improvements Assessment | $339,131 | Tax Year | 2025 |
Property Taxes
Parcel Number
8141-036-013
Land Assessment
$314,008
Improvements Assessment
$339,131
Total Assessment
$653,139
Annual Taxes
$15,240 ($4.62/SF)
Tax Year
2025
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8026 Comstock Ave - The Comstock
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