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Obert Arms

11506 Obert Avenue,Whittier, CA 90604

14

Unit

$3,750,000

Price

Property Details

Price Per Unit

$267,857

Price per SF

$307

Current Cap Rate

5.22%

Market Cap Rate

6.78%

Current GRM

12.13

Market GRM

10.05

Obert Arms

11506 Obert Avenue,Whittier, CA 90604

$3,750,000

Price

Property Details

Price per SF

$307

Price Per Unit

$267,857

Price per SF

$307

Current Cap Rate

5.22%

Market Cap Rate

6.78%

Unit

14

Current GRM

12.13

Market GRM

10.05

Description

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 ±21% rental upside potential, with a 6.78% cap rate at market rents.

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.

Highlights

  • ±21% Rental Upside / 6.78% Market Cap Rate
  • Select Units Feature Sizable 2nd Story Patios
  • New Windows Throughout the Property
  • 16 Total Parking Spaces – 14 Covered / 2 Uncovered
  • Prime Cul-de-Sac Location

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