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    6511 Painter Avenue

    Whittier, CA 90601
    • $1,295,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: CV21067959
    Price Reduced
    UPDATED: 45 min ago
    $1,295,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,920
      SQFT
    • $443
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this six-unit multi-family investment located in "Uptown" Whittier. Attractively priced at a current 5.4% current CAP Rate, and 13.4 GRM, this investment opportunity offers a new investor an above market rate of return. The subject property is comprised of 2 separate structures with a unit mix of 1(2Bed/1Bath), 2 (1Bed/1Bath)s, and 3 Studio units. Seller has recently updated several of the interiors. Each unit is separately metered for electricity and gas, and the tenants enjoy onsite garage parking.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
    www.necolrealty.com/homes/115677423
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    6511 Painter Avenue Whittier, CA 90601

    • Price: $1,295,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: CV21067959
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,920
    SQFT
    $443
    $/SQFT
    1940
    Built
    Neighborhood:
    670 - Whittier
    County:
    Los Angeles
    Area:
    670 - Whittier
    Property Description
    We are pleased to offer for sale this six-unit multi-family investment located in "Uptown" Whittier. Attractively priced at a current 5.4% current CAP Rate, and 13.4 GRM, this investment opportunity offers a new investor an above market rate of return. The subject property is comprised of 2 separate structures with a unit mix of 1(2Bed/1Bath), 2 (1Bed/1Bath)s, and 3 Studio units. Seller has recently updated several of the interiors. Each unit is separately metered for electricity and gas, and the tenants enjoy onsite garage parking.
    Exterior Features

    Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 6 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 5.25 Common Interest None Community Features CurbsGutter(S)Sidewalks Electric Expense 0 Fuel Expense 1200 Garage YN Yes Gross Income 96600 Gross Scheduled Income 96600 Insurance Expense 1168 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 3000 Net Operating Income 69371 New Construction YN No New Taxes Expense 14823 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 24331 Other Expense 900 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 8050 Trash Expense 1500 Vacancy Allowance 2898 Water Sewer Expense 1740 Water Source Public Zoning Whc0ud*

    Listing provided courtesy of Kristopher German of Re/Max 2000


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
     
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