11506 Obert Avenue, Whittier, CA 90604
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- MLS#: PW24141372 ( Commercial/Residential )
- Street Address: 11506 Obert Avenue
- Viewed: 10
- Price: $3,550,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1962
- Bldg sqft: 0
- Days On Market: 165
- Additional Information
- County: LOS ANGELES
- City: Whittier
- Zipcode: 90604
- Provided by: Keller Williams - Santa Monica
- Contact: Robert Robert
- DMCA Notice
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DescriptionThe 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 7.09% cap rate at market rents. New financing is available at 5.65%. 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.
Property Location and Similar Properties
Features
Building Area Total
- 12233.00
Carport Spaces
- 16.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 118
Electric Expense
- 4000.00
Fuel Expense
- 4000.00
Garage Spaces
- 0.00
Gardner Expense
- 1200.00
Insurance Expense
- 12233.00
Laundry Features
- Community
Lot Features
- 11-15 Units/Acre
Netoperatingincome
- 197082.00
Newtaxesexpense
- 46172.00
Number Of Separate Electric Meters
- 15
Number Of Separate Gas Meters
- 15
Otherexpense
- 7000.00
Otherexpensedescription
- Reserves
Parcel Number
- 8227010020
Pest Control Expense
- 1000.00
Pool Features
- None
Postalcodeplus4
- 2853
Professionalmanagementexpense
- 15351.00
Property Type
- Commercial/Residential
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 418639116:CRM
Totalexpenses
- 109936.00
Trash Expense
- 4000.00
Views
- 10
Water Sewer Expense
- 4000.00
Water Source
- Public
Year Built
- 1962
Year Built Source
- Assessor
Zoning
- LCR3*