12703 La Cuarta Street,  Whittier CA, 90602 (Residential Income)

5,034 sqft
Status: Pending
MLS#: SR16187454
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Last Updated: 12/7/2016 2:39 AM
Description for 12703 La Cuarta Street Whittier, CA 90602
Fantastic Opportunity to own a cash flowing 7 unit building in the heart of Whittier..Unique opportunity for multifamily ownership with unparalleled upside. Rents have not been increased in years and lag substantially under market. New owner has the opportunity to bring rents up to market and increase cash flow and value of the building dramatically..The average rent for a one bedroom is $820.00. The market suggests these units should rent for between $1,150.00 and $1,300.00... There are no one bedroom units available in Whittier for under $1,100.00 currently and none of the lower options include a garage...New Owner can rent out garages to increase income
Price
$1,450,000
Los Angeles
5,034 (approx)
SR16187454
Pending
Description
Fantastic Opportunity to own a cash flowing 7 unit building in the heart of Whittier..Unique opportunity for multifamily ownership with unparalleled upside. Rents have not been increased in years and lag substantially under market. New owner has the opportunity to bring rents up to market and increase cash flow and value of the building dramatically..The average rent for a one bedroom is $820.00. The market suggests these units should rent for between $1,150.00 and $1,300.00... There are no one bedroom units available in Whittier for under $1,100.00 currently and none of the lower options include a garage...New Owner can rent out garages to increase income
Listing Information
Property Type: Cluster, Traditional, 2 Story
0.18 Acres 820,700 sq.ft. 5,034 (approx)
$288.04 1973
Yes- 10 spaces 2
Frame, Stucco
Common Hot Water Heater
7 Total
Neighborhood
Room Information
Common
Bathtub
Interior Features
Gas Range/Cooktop
Hardwood, Ceramic Tile
Window/Wall Unit
Granite Counter Top
Exterior / Lot Features
10 Garage Spaces, 17 Parking Spaces
Stucco, Frame
Shingle
None
No Pool
WHR4*
Chain Link
Sidewalks, Street Lights, Curbs Walk
Driving Directions
Cross Streets: Whittier & Pickering
Financial Considerations
8141023013
$77,040 Income ,$26,472Expense
Listing Price History

Whittier Real Estate

Whittier is located in California. Whittier, California 90602 has a population of 85,423.

The median household income in Whittier, California 90602 is $67,417. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Whittier 90602 is 34.9 years.

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Courtesy: Mickie Ardi Realty Debi Ardi
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Information is deemed reliable but is not guaranteed.

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