11550 Santa Gertrudes Avenue

    Whittier, CA 90604
    • $21,500,000
    • STATUS: Active
    • ON SITE: 233 days
    • ID#: OC19069074
    UPDATED: 178 min ago
    $21,500,000
    • 0
      BEDS
    • 2.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 54,070
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    Seville Apartments, a 77-unit multifamily investment property located in Whittier, California. Built in 1971, Seville Apartments offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 15 percent. The property features a strong unit mix of one- and two-bedroom floor plans, of which 50 or more have been upgraded with granite countertops and plank flooring. Situated on a 2.52 acre lot, the property offers an attractive amenity package including gated carport parking, controlled access, on-site laundry, a stand alone rental office, a swimming pool, and a spacious courtyard featuring a pond, barbeques, and picnic area.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-17T00:28:38.107. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/93131650

    11550 Santa Gertrudes Avenue Whittier, CA 90604

    • Price: $21,500,000
    • Status: Active
    • Updated: 178 min ago
    • ID#: OC19069074
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.52
    Acres
    54,070
    SQFT
    $398
    $/SQFT
    1971
    Built
    Neighborhood:
    670 - Whittier
    County:
    Los Angeles
    Area:
    670 - Whittier
    Property Description
    Seville Apartments, a 77-unit multifamily investment property located in Whittier, California. Built in 1971, Seville Apartments offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 15 percent. The property features a strong unit mix of one- and two-bedroom floor plans, of which 50 or more have been upgraded with granite countertops and plank flooring. Situated on a 2.52 acre lot, the property offers an attractive amenity package including gated carport parking, controlled access, on-site laundry, a stand alone rental office, a swimming pool, and a spacious courtyard featuring a pond, barbeques, and picnic area.
    Exterior Features

    Carport Spaces 77.00 Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 77.00 Pool Features Community Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 21300.00 Elevation Units Feet Fuel Expense 21300.00 Gross Income 1427660.00 Gross Operating Income 1386780.00 Gross Scheduled Income 1427660.00 Insurance Expense 19250.00 Land Lease YN No Laundry YN Yes Maintenance Expense 38500.00 Net Operating Income 860429.00 New Construction YN No New Taxes Expense 246095.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 77 Operating Expense 526351.00 Other Expense 95700.00 Other Expense Description Other Professional Management Expense 41603.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 113555.00 Total Expenses 526351.00 Trash Expense 21300.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 21300.00 Water Source Public Year Built Source Assessor Zoning Lcr330u*

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-17T00:28:38.107. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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