$4,550,000
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0.42 Acres Lot
SOLD DATE : 07/20/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22093150
Sold Date 07/20/22
HOA Y/N No
Year Built 1962
Lot Size 0.425 Acres
Property Description
Pleased to present Twin Palms, a 16-unit apartment community located in Whittier, CA (unincorporated). The building offers 1-bedrooms (12) & large 2-bedroom units (4) each with A/C wall units, ceiling fans, laminate wood floors (some units), and gas cooking. The property features a leased laundry facility, a combination of carport & open parking, a partially new roof, individual gas and electric meters, and copper plumbing. This value-add deal presents the opportunity for an investor to achieve a 5.3% cap rate on market rents.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning LCR3YY
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8176007032
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with JUAN COVARRUBIAS UNITED CAPITAL REALTY
johnherkenrath@epiquerealty.com
<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>