Property Detail

Description

Rare opportunity to acquire an 8-unit multi-family property featuring exclusively Two-Story Townhouse-Style units in the highly desirable North Whittier location. Delivering an attractive 6% current CAP Rate, this unique investment offers excellent day-one cash flow, oversized floor plans, substantial property improvements, and an exceptional location. The property features an outstanding unit mix consisting of one extra-large 3-Bedroom/2-Bath Townhouse, four 3-Bedroom/1.5-Bath Townhouses, and three 2-Bedroom/1.5-Bath Townhouses, totaling approximately 9,486 rentable square feet on a 10,286 sq. ft. lot. These spacious, two-story layouts offer a residential feel rarely found in traditional apartment communities, appealing to discerning renters seeking larger living spaces, added privacy, and the comfort of townhouse-style living. Significant property improvements include a new roof, copper plumbing upgrades throughout the majority of the property, and updated interiors in most units, including; remodeled kitchens, bathrooms, flooring, and more. Residents also enjoy onsite covered parking and a laundry facility, while tenants pay for their own electricity and gas, contributing to an efficient expense structure for ownership. Ideally situated just off Beverly Boulevard in North Whittier, the property offers convenient access to shopping, dining, schools, and surrounding employment centers. Combining a rare all-townhouse configuration, an exceptional unit mix, extensive improvements, and strong current financial performance, this is a distinctive multifamily investment offering that stands apart from conventional apartment properties in the market.