7757 Comstock Avenue, Whittier, CA 90602
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- MLS#: OC25029849 ( Apartment )
- Street Address: 7757 Comstock Avenue
- Viewed: 13
- Price: $2,050,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1965
- Bldg sqft: 0
- Days On Market: 52
- Additional Information
- County: LOS ANGELES
- City: Whittier
- Zipcode: 90602
- Provided by: Marcus & Millichap RE Invest
- Contact: Tyler Tyler
- DMCA Notice
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Description7757 Comstock Avenue is an 8 unit multifamily investment property located in Whittier, California. Situated on a 0.16 acre lot, 7757 Comstock Avenue offers a diverse mix consisting of one, two, and three bedroom floor plans. Amenities at the property include an on site laundry facility as well as ample garage and tuck under parking. Situated just north of Whittier Avenue, 7757 Comstock Avenue places residents blocks away from a plethora of shops, restaurants, and entertainment destinations in Uptown Whittier. The property is within half a mile of PIH Health Whitter Hospital, the top employer in the city with 3,500 physicians and staff members. Additionally, 7757 Comstock Avenue is located just over 0.50 miles from Whittier College, an economic and housing driver for the area. Furthermore, residents enjoy the properties close proximity to an abundance of everyday needs at the Quad at Whittier and The Groves, a recently developed 150,000+ square foot retail center. The Whittier submarket is among the strongest performing areas in Los Angeles County, with an average occupancy of 97 percent (Q2 2024) and a projected average effective rent increase of 5.0 percent (year over year through 2028), demonstrating the strong demand for rental housing. With current rents well below market, a new owner has the potential to modernize interiors and enhance exterior aesthetics, capitalizing on strong tenant demand for upgraded living spaces. Recent market data confirms the continued demand for well located workforce housing, making this an attractive, cash flowing opportunity with immediate upside.
Property Location and Similar Properties
Features
Association Fee
- 0.00
Building Area Total
- 5573.00
Carport Spaces
- 3.00
Commoninterest
- Community Apartment
Common Walls
- No Common Walls
Country
- US
Days On Market
- 40
Electric Expense
- 2485.00
Entry Location
- First level
Fuel Expense
- 2485.00
Garage Spaces
- 6.00
Insurance Expense
- 7200.00
Laundry Features
- Community
Lot Features
- Level with Street
Netoperatingincome
- 115111.00
Newtaxesexpense
- 22986.00
Otherexpense
- 8518.00
Otherexpensedescription
- Misc
Otherincome1
- 6000.00
Otherincomedescription
- Misc
Parcel Number
- 8141024014
Pool Features
- None
Professionalmanagementexpense
- 7056.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 431919283:CRM
Totalexpenses
- 61300.00
Trash Expense
- 2485.00
Vacancyallowance
- 5270
Views
- 13
Water Sewer Expense
- 2485.00
Water Source
- Public
Year Built
- 1965
Year Built Source
- Assessor
Zoning
- WHR3*