11500 Colima Rd - Apartments FOR SALE


Whittier, CA 90604
$12,500,000 USD
949-423-6111
11500 Colima Rd, Whittier, CA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/10
null | 5.39% Cap Rate

11500 Colima Rd
Whittier, CA 90604


HIGHLIGHTS

  • Majority Two-Bedroom Floor Plans
  • Well-Maintained Asset
  • Attractive 5.39% Current Cap Rate / 6.93% Market Cap Rate
  • Recent Capital Improvements Include New Roof (2021), Iron Railings Installed, New Asphalt & Slurry, and 23 of 43 Units Renovated
  • Controlled Gated Access, (2) Laundry Rooms, On-Site Security Camera System & Ample Parking

OVERVIEW

Located near the major thoroughfare of Colima Road and Telegraph Road, the Candlewood Apartments is a multifamily investment opportunity consisting of a majority of two-bedroom units. Ownership has completed recent major interior and exterior improvements including renovating 23 of the 43 units.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$480 USD /SF

# OF UNITS

43

PRICE/UNIT

$290,698

CAP RATE

5.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,272 SF

ZONING

-

APN/PARCEL ID

8227-001-043

ASK ABOUT THIS PROPERTY

Daniel BlackwellCBRE, Inc.More Info
949-423-6111

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Daniel BlackwellCBRE, Inc.More Info
949-423-6111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.