7757 Comstock Ave - Apartments FOR SALE


Whittier, CA 90602- Whittier City
$2,050,000 USD
714-713-9086
7757 Comstock Ave, Whittier, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/15
null | 5.62% Cap Rate

7757 Comstock Ave
Whittier, CA 90602
Whittier City


HIGHLIGHTS

  • Diverse Mix of One, Two, & Three-Bedroom Floor Plans
  • Value-Add Opportunity: Substantial Rental Upside
  • On-Site Laundry Facility, Providing Ownership with an Additional Revenue Stream
  • Ample Garage & Tuck-Under Parking: 9 Total Spaces
  • Attractive Whittier Location, Blocks Away from the Plethora of Retail, Dining, & Entertainment Options in Uptown Whittier

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 7757 Comstock Avenue, an 8-unit multifamily investment property located in Whittier, California. Situated on a 0.16-acre lot, 7757 Comstock Avenue offers a diverse mix consisting of one, two, and three-bedroom floor plans. Amenities at the property include an on-site laundry facility as well as ample garage and tuck-under parking. Situated just north of Whittier Avenue, 7757 Comstock Avenue places residents blocks away from a plethora of shops, restaurants, and entertainment destinations in Uptown Whittier. The property is within half-a-mile of PIH Health Whitter Hospital, the top employer in the city with 3,500 physicians and staff members. Additionally, 7757 Comstock Avenue is located just over 0.50 miles from Whittier College, an economic and housing driver for the area. Furthermore, residents enjoy the properties close proximity to an abundance of everyday needs at the Quad at Whittier and The Groves, a recently developed 150,000+ square foot retail center. The Whittier submarket is among the strongest performing areas in Los Angeles County, with an average occupancy of 97 percent (Q2 2024) and a projected average effective rent increase of 5.0 percent (year-over-year through 2028), demonstrating the strong demand for rental housing. With current rents well below market, a new owner has the potential to modernize interiors and enhance exterior aesthetics, capitalizing on strong tenant demand for upgraded living spaces. Recent market data confirms the continued demand for well-located workforce housing, making this an attractive, cash-flowing opportunity with immediate upside. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

8

PRICE/UNIT

$256,250

CAP RATE

5.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

WHR3*

APN/PARCEL ID

8141-024-014

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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