7959 Bright, Whittier, CA 90602
7959 Bright, Whittier, CA 90602
7959 Bright, Whittier, CA 90602
7959 Bright, Whittier, CA 90602
7959 Bright, Whittier, CA 90602
7959 Bright, Whittier, CA 90602
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$ 3,650,000
Est. payment | /mo

0.46 Acres Lot


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$ 3,650,000
Est. payment | /mo
Save

0.46 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26055922

HOA Y/N No

Year Built 1984

Lot Size 0.456 Acres

Property Sub-Type Apartment

Property Description

NEW PRICE: 6% CAP Rate for 1980's Construction in "Uptown" Whittier!!! Now offering a rare opportunity to acquire an 11-unit apartment community in prime North Whittier, built in 1984 and featuring large, oversized units on an expansive 19,859 sq. ft. lot. The property offers approximately 12,700 rentable square feet with an exceptional unit mix, including seven 2-Bed/2-Bath units with bonus room (ideal for a third bedroom or office), three 2-Bed/2-Bath units, and one 2-Bed/1.25-Bath townhouse-style unit, layouts that strongly appeal to today's tenants.

The asset delivers excellent cash flow from day one, now at a 6% CAP Rate and 11.6 GRM, with strong in-place rental income and additional upside potential. Residents enjoy a full suite of amenities including gated private entry, onsite garage and covered parking (2+ spaces per unit), private patios/balconies, a central courtyard, and an onsite laundry facility, supporting long-term tenant retention.

With its desirable construction era, spacious unit layouts, and improved pricing, this is a standout opportunity for investors seeking immediate returns with continued rental growth in one of Whittier's most sought-after rental markets.

Location

State CA

County Los Angeles

Area 670 - Whittier

Zoning WHR3*

Interior

Heating None

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Carport, Door-Single, Garage

Garage Spaces 7.0

Carport Spaces 13

Garage Description 7.0

Fence Wrought Iron

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Flat

Total Parking Spaces 20

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8141029025

Energy Description 5200.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443, DRE #01800021

NEARBY SCHOOL & BUSINESS

Dion Stallberg

+1(949) 690-4106

dion@ocexcelgroup.com

344 3rd St, Beach, CA, 92651, United States

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7959 Bright