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7959 Bright , Whittier, CA 90602
Priced at Only: $3,800,000
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Address: 7959 Bright , Whittier, CA 90602
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  • MLS#: CV26055922 ( Apartment )
  • Street Address: 7959 Bright
  • Viewed: 3
  • Price: $3,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 0
  • Days On Market: 2
  • Additional Information
  • County: LOS ANGELES
  • City: Whittier
  • Zipcode: 90602
  • Provided by: RE/MAX 2000 REALTY
  • Contact: Kristopher Kristopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to offer for sale this exceptional opportunity to acquire an 11 unit apartment community in prime North Whittier, built in 1984 and featuring large, oversized units on an expansive 19,859 sq. ft. lot. The property offers 12,700 rentable square feet with a highly desirable unit mix consisting of seven 2 Bed/2 Bath + Office units, three 2 Bed/2 Bath units, and one 2 Bed/1.25 Bath unit, providing spacious layouts that appeal to tenants. Residents enjoy a gated private entry, lush landscaped courtyard, and the convenience of onsite garage and covered parking with two or more spaces per unit. Additional amenities include private patios or balconies and an onsite laundry facility, enhancing tenant comfort and retention. The property currently operates at a 5.7% CAP Rate and 12 GRM with excellent in place rental rates and room for future increases, presenting investors with both stable income and continued growth potential. Situated in a highly desirable North Whittier location, this well maintained asset offers strong rental demand and long term investment appeal.
Features
Appliances
  1. None
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 12701.00
Carport Spaces
  1. 13.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. None
Electric Expense
  1. 1200.00
Fencing
  1. Wrought Iron
Fireplace Features
  1. None
Fuel Expense
  1. 5200.00
Garage Spaces
  1. 7.00
Heating
  1. None
Insurance Expense
  1. 6870.00
Laundry Features
  1. Common Area
Laundry Income
  1. 600.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 217604.00
Newtaxesexpense
  1. 44583.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Parcel Number
  1. 8141029025
Parking Features
  1. Assigned
  2. Carport
  3. Garage - Single Door
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Road Surface Type
  1. Alley Paved
Roof
  1. Flat
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 458546692:CRM
Spa Features
  1. None
Taxblock
  1. 029
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 87655.00
Trash Expense
  1. 5140.00
Utilities
  1. Water Available
  2. Sewer Available
  3. Natural Gas Available
  4. Electricity Available
Vacancyallowance
  1. 9441
View
  1. None
Water Sewer Expense
  1. 14212.00
Water Source
  1. Public
Year Built
  1. 1984
Year Built Source
  1. Assessor
Zoning
  1. WHR3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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