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9025 Mills Avenue, Whittier, CA 90603
Priced at Only: $2,900,000
For more Information Call Mobile: 714.478.6676
Address: 9025 Mills Avenue, Whittier, CA 90603
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  • MLS#: IV25113370 ( Multi Family )
  • Street Address: 9025 Mills Avenue
  • Viewed: 2
  • Price: $2,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 108
  • Additional Information
  • County: LOS ANGELES
  • City: Whittier
  • Zipcode: 90603
  • Provided by: CLEAR PATH REALTY
  • Contact: DANIEL DANIEL
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    9025 Mills Ave checks the right boxes. No local rent control, steady income, and headache free operations in a reliable pocket of LA County. Offered to the market for the first time in over 30 years, 9025 Mills Avenue is a well maintained 10 unit complex in East Whittier, that offers both stable income and a convenient location. Built in 1960, the property includes (4) 2 bdrm. units and (6) 1 bdrm. units, that have been consistently maintained by long term ownership. All units feature dual pane windows, and select units have balconies or patios. Offered at a 5.30% CAP and 12.19 GRM on current rents, the property offers solid in place income, with projected stabilization at 6.34% CAP and 10.73 GRM after interior updates. Market rents in the area support approx. 13% rental upside. 9025 Mills is not subject to local rent control, allowing for full CPI based increases under statewide AB 1482 guidelines (currently 8.8% buyer to verify). Located just south of Whittier Blvd, 9025 Mills is walkable to a mix of cafes, grocers, and daily retail. Its also just over a mile from both The Quad at Whittier and Whittwood Town Center, two of the citys largest shopping hubs. In addition, the property is located 0.5 miles from Whittier Hospital Medical Center (employs approx. 3,700 people). For someone looking to hold long term and avoid unnecessary headaches, 9025 Mills Ave checks the right boxes. Steady income and headache free operations in a reliable pocket of LA County.
Features
Building Area Total
  1. 7237.00
Commoninterest
  1. Community Apartment
Country
  1. US
Electric Expense
  1. 495.00
Expense Year
  1. 2024
Insurance Expense
  1. 4857.00
Laundry Features
  1. Individual Room
Netoperatingincome
  1. 194791.98
Parcel Number
  1. 8150004004
Personalpropertyamount
  1. 10800
Postalcodeplus4
  1. 1937
Property Type
  1. Multi Family
Totalexpenses
  1. 45708.00
Trash Expense
  1. 3669.00
Water Sewer Expense
  1. 8854.00
Water Source
  1. Public
Year Built
  1. 1960
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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