7325 Norwalk Boulevard, Whittier, CA 90606

$4,550,000
List Price
$4,550,000
Status
PENDING
MLS#
PW22093150
Year Built
1962
Lot Size
18,498
Acres
0.4247
Lot Location
Rectangular Lot
Days on Market
43
Property Type
Multifamily

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.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
16
Gross Scheduled Income
$272,736
Operating Expense
102163

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Chris Keramati from Listing Office: Triqor Group

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.