Property Detail

Description

This unique 12-unit multifamily property offers a rare configuration of all single-story homes on a massive ±1.34-acre lot that spans three parcels. The unit mix includes three two-bedrooms, eight three-bedrooms, and one four-bedroom floorplan. Each home features laundry hookups, parking, and private outdoor space, making it highly desirable for renters seeking a single-family home experience at rental rates. The asset also includes 12 double garages and 10 additional surface parking spaces, providing ample parking. This property sits just one parcel away from Washington Elementary, making it a great rental option for families and faculty, and this location also offers convenient access to retail centers, Cerritos College, and the 91 and 605 freeways, offering easy access to Greater Los Angeles and Orange County. This asset presents a compelling acquisition opportunity for investors seeking a property poised to maintain strong rental demand. Furthermore, current rents offer 20 percent rental upside.