Property Detail

Description

Four-unit residential income property in Whittier with approximately 4,770 square feet of building area. Built in 1963, the unit mix is one 3-bedroom/2-bath unit and three 2-bedroom/1-bath units, totaling 9 bedrooms and 5 bathrooms. Units are not sold furnished. Common walls vary by unit: some have one, others two or more. Owner-provided October 2026 corrected rents total $6,559/month ($78,708 annualized). Shared owner-owned laundry has estimated income of $150/month. Unit 1 has a two-car garage; Units 2-4 share a three-space carport. Additional concrete parking pads reported by owner; capacity unverified. Pro forma rents equal current rents with no increase assumed. Financial analysis uses current scheduled rents plus estimated laundry income and cash expenses of $25,754.20, excluding depreciation. Utility figures are seller-provided October 2026 monthly averages, annualized: water/sewer $2,700, trash $2,212.20, gas $1,080, electric $420. Tenants pay their own electric and gas usage direct. Other expense of $8,075 includes 2025 taxes $7,435 and auto/legal/postage $640. Indicated NOI $54,753.80 is illustrative, before vacancy, management, reserves, financing and buyer tax reassessment. Lot size and utility connections require verification. Buyer to verify all property information, rents, expenses, permits, parking and measurements.