Active
11506 Obert Avenue
Whittier CA, 90604
$3,750,000
$306.55 per sqft
Active
12,233 sqft
Multi-family
Built in 1962
Listed by Robert Stepp with Keller Williams - Santa Monica 310-463-2916
The Obert Arms Apartments is a 14-unit apartment asset situated at 11506 Obert Avenue in Whittier, California. The property presents a new buyer with +-18% rental upside potential, with a 6.81% cap rate at market rents. New financing is available at 5.65% with 2 years interest only, 7-year fixed term.
The property spans a 17,225-square-foot lot and includes (10) 2BD/1BA units, and (4) 1BD/1BA units. Some of the units feature spacious second-story patios. The building has been updated with new windows throughout. Residents enjoy ample parking with 16 total spaces and the convenience of onsite laundry facilities, which also present an opportunity for additional income.
Located in the desirable, quiet residential neighborhood of Whittier, 11506 Obert Avenue offers small-town charm with easy access to the Greater Los Angeles and Orange County.
PW24141372
MLSⓇ ID
July 11, 2024
Listed
August 30, 2024
Updated
Map
11506 Obert Avenue
Whittier CA, 90604
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.4 Acres
Lot Features
11-15 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
699 - Not Defined
Days on Market
40
Garage
No
Parking Total
16
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LCR3*
Listing Contact: 310-482-2200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/30/2024 at 8:04 PM UTC