7353 Comstock Ave - Apartments FOR SALE


Whittier, CA 90602- Uptown Whittier
$3,000,000 USD
213-712-9005
7353 Comstock Ave, Whittier, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/22
null | 4.94% Cap Rate

7353 Comstock Ave
Whittier, CA 90602
Uptown Whittier


HIGHLIGHTS

  • Upside in Rents + Assumable Loan
  • Two Brand New Completed ADUs at an Approximate cost of$250,000 (2022)
  • First Building to Complete Seismic Retrofit in the City of Whittier
  • 2018 Renovation at an Approximate cost of $80,000
  • Separately Metered for Gas and Elec for the 8 units and Master Metered for elect for ADUs + RUBS in place
  • Individual Water Heaters in 8 Units and Tankless Water heaters in ADUs

OVERVIEW

The subject was originally an eight-unit apartment complex located at 7353 Comstock Avenue in the City of Whittier, Los Angeles County, California. The two-story improvement was built in 1956 of wood frame and stucco construction, were partially renovated in 2018. The building comprises 5,600± net rent-able square feet situated on a 7,001± square foot lot. Updated, renovated items include: five of the subject unit interiors were renovated with paint, luxury vinyl planks, tile and carpet, renovated kitchens including new cabinets, granite or quartz counter, sinks, fixtures, tile showers surround, sinks fixtures, light fixtures window blinds and four new wall mounted AC units. The complex features a secured entry and common laundry. The current ownership has added in (2022) two brand new 350 SF studio ADUs and has completed the seismic retrofit of the tucked under parking spaces. Currently the property consists of eight 1-bedroom/1-bath plus two studios. Units D and H are corner units and each feature a private balcony. There are 12 parking spaces including 4 open, 4 tucked under and 4 Tandems.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

10

PRICE/UNIT

$300,000

CAP RATE

4.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,001 SF

ZONING

WHR3*

APN/PARCEL ID

8141-007-011

ASK ABOUT THIS PROPERTY

Scott OwensSPERRYMore Info
213-712-9005

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Scott OwensSPERRYMore Info
213-712-9005

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