Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

4

Building size

4,770 sqft

Lot size

8,084 sqft

Year built

1963

Stories

2

Garage spaces

5

Pool

None

Status

Active

Days on market

0

MLS #

245858551

About this property

A well-maintained 4 unit multifamily property offering an exceptional combination of large living spaces, abundant parking, a spacious lot, and strong rental upside in a desirable East Whittier location. The property features approximately 4,770 square feet of total living area on an approximately 8,084 square foot lot, with an outstanding unit mix that is difficult to find in today's multifamily market. The front residence is the standout, offering approximately 1,695 square feet with 3 bedrooms and 2 bathrooms and a single-family-home-style layout. It provides an excellent opportunity for an owner-user to live comfortably in the front residence while the income from the remaining three units helps offset the property's debt service. The front unit features generous living areas, a practical floor plan, and a spacious residential feel that is ideal for an owner-occupant. Behind it are three oversized 2-bedroom, 1-bathroom units, each approximately 1,025 square feet, offering unusually large interiors and functional layouts that appeal to long-term tenants. The property sits on a large lot with ample parking, including garage and carport/parking spaces, providing a significant advantage over many smaller multifamily properties in the area. The gated entry enhances privacy and security, while onsite laundry facilities add convenience for residents and provide additional income potential. Separate gas and electric metering further enhances the property's operating efficiency. A particularly attractive feature for investors is the significant potential to increase rental income over time through continued rental-rate optimization and professional property management, subject to applicable laws and market conditions. The combination of oversized units, desirable unit mix, parking, and location creates an excellent foundation for long-term appreciation and income growth. Located in East Whittier, the property offers convenient access to shopping, restaurants, schools, parks, and major commuter routes connecting Whittier, La Mirada, Orange County, and other surrounding communities. Nearby retail and everyday conveniences further enhance the property's appeal to both residents and prospective tenants. The area is well established and highly desirable for renters seeking larger units in a suburban setting. No Local Rent Control.

Location

12406 Clearglen

Whittier, Los Angeles, CA, 90604