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Key Details
Sold Price $4,200,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22093150
Sold Date 07/20/22
Bedrooms 3
HOA Y/N No
Lot Size 0.425 Acres
Property Description
Pleased to present Twin Palms, a 16-unit apartment community located in Whittier, CA (unincorporated). The building offers 1-bedrooms (12) & large 2-bedroom units (4) each with A/C wall units, ceiling fans, laminate wood floors (some units), and gas cooking. The property features a leased laundry facility, a combination of carport & open parking, a partially new roof, individual gas and electric meters, and copper plumbing. This value-add deal presents the opportunity for an investor to achieve a 5.3% cap rate on market rents.
Pleased to present Twin Palms, a 16-unit apartment community located in Whittier, CA (unincorporated). The building offers 1-bedrooms (12) & large 2-bedroom units (4) each with A/C wall units, ceiling fans, laminate wood floors (some units), and gas cooking. The property features a leased laundry facility, a combination of carport & open parking, a partially new roof, individual gas and electric meters, and copper plumbing. This value-add deal presents the opportunity for an investor to achieve a 5.3% cap rate on market rents.
Location
State CA
County Los Angeles
Area Whittier (90606)
Zoning Public Rec
Building
Lot Description Sidewalks
Others
Acceptable Financing Conventional
Space Rent $1,394
Listing Terms Conventional
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Bought with JUAN COVARRUBIAS • UNITED CAPITAL REALTY
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