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Whittier Portfolio: 7220-7232 Bright Ave 3 Properties Offered at $6,800,000 in Whittier, CA
Investment Highlights
- 3 property 28 unit investment opportunity in Whittier.
- First time on the market in over 50 years.
- Exceptionally located near Whittier College.
- Well-maintained assets with recent capital improvements.
Executive Summary
The Boyett Team at CBRE is pleased to present a 28-unit multifamily portfolio located at 7220, 7222, and 7232 Bright Avenue, Whittier. All three properties are included in this listing and must close concurrently. Rare opportunity to acquire the Whittier Portfolio 28 units across three contiguous properties totaling approximately 19,602 gross square feet in the heart of Uptown Whittier. The portfolio consists of an 18-unit apartment community at 7220 Bright Avenue, a 9-unit apartment building at 7232 Bright Avenue, and a 3-bedroom/2-bath single-family residence at 7222 Bright Avenue. Unit mix features (24) 1BR/1BA, (1) 2BR/1BA, (2) 2BR/2BA, plus the SFR. Each unit has their own designated parking spot. First time on the market in over 50 years, these pride-of-ownership assets offer significant rental upside, on-site laundry income, and a RUBS recapture program. Exceptionally located near Whittier College in one of the San Gabriel Valley's most walkable and established residential neighborhoods, steps from the shops and dining of Uptown Whittier. Sold in as-is condition. All information deemed reliable but not guaranteed; buyer to independently verify all information including unit count, square footage, and rents.
Property Facts
| Price | $6,800,000 | Number of Properties | 3 |
| Price / SF | $346.90 / SF | Individually For Sale | 0 |
| Cap Rate | 5.09% | Total Building Size | 19,602 SF |
| Sale Type | Investment | Total Land Area | 0.63 AC |
| Status | Active |
| Price | $6,800,000 |
| Price / SF | $346.90 / SF |
| Cap Rate | 5.09% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 19,602 SF |
| Total Land Area | 0.63 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7220 Bright Ave, Whittier, CA 90602 | Multifamily | 13,212 SF | 1964 | - |
| 7232 Bright Ave, Whittier, CA 90602 | Multifamily | 5,136 SF | 1963 | - |
| 7222 Bright Ave, Whittier, CA 90602 | Specialty | 1,254 SF | 1912 | - |
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Whittier Portfolio: 7220-7232 Bright Ave
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