11506 Obert Avenue

Whittier, CA 90604

$3,750,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1962

calendar_month Built

Property Description

The Obert Arms Apartments is a 14-unit apartment asset situated at 11506 Obert Avenue in Whittier, California. The property presents a new buyer with ±18% rental upside potential, with a 6.81% cap rate at market rents. New financing is available at 5.65% with 2 years interest only, 7-year fixed term. The property spans a 17,225-square-foot lot and includes (10) 2BD/1BA units, and (4) 1BD/1BA units. Some of the units feature spacious second-story patios. The building has been updated with new windows throughout. Residents enjoy ample parking with 16 total spaces and the convenience of onsite laundry facilities, which also present an opportunity for additional income. Located in the desirable, quiet residential neighborhood of Whittier, 11506 Obert Avenue offers small-town charm with easy access to the Greater Los Angeles and Orange County.

Listing Information

List Price $3,750,000
Status Active
MLS PW24141372
Type Residential Income
Subtype Mixed Use
Year Built 1962
Lot Size 17,225
Structure Size N/A
DOM 40
Courtesy Of Keller Williams - Santa Monica
Listing Agent Robert Stepp DRE#01456379
Co-Listing Agent Alex Figueroa DRE#01173239

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Robert Stepp, Alex Figueroa, Keller Williams - Santa Monica 310-774-3740. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:37 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.