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9025 Mills Ave
Whittier, CA 90603
5.9% CAP & 5.85% Financing & No LA RSO · Multifamily Property For Sale
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10 Units
Investment Highlights
- Not subject to local rent control, allowing for increases under statewide AB-1482 guidelines (currently 8.8% - buyer to verify).
- Near Whittier Blvd & Colima Rd - just over a mile from both The Quad at Whittier and Whittwood Town Center. Also, 0.5 miles from Whittier Hospital.
- On-site amenities include carport and surface parking, and plenty of green space (11,203 SF lot) that adds to curb appeal.
- Offered at 5.90% CAP and 11.17 GRM on current rents, with projected stabilization at 6.34% CAP and 10.73 GRM after interior updates.
- Comprised of (4) 2-bdrm. units & (6) 1-bdrm. units. All units feature dual-pane windows, and select units have balconies or patios.
Property Facts
| No. Units | 10 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 10,269 SF |
| Property Subtype | Apartment | Average Occupancy | 80% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1960 |
| Zoning | WHT | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 10,269 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | WHT |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,969 | - |
| 1+1 | 6 | $1,988 | - |
Property Taxes
| Parcel Number | 8150-004-004 | Improvements Assessment | $197,829 |
| Land Assessment | $78,918 | Total Assessment | $276,747 |
Property Taxes
Parcel Number
8150-004-004
Land Assessment
$78,918
Improvements Assessment
$197,829
Total Assessment
$276,747
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