12815 Oak St, Whittier, CA 90602

Property Description

The investment offering is an 8-unit multi-family asset located at 12815 Oak Street in the city of Whittier, California. Built in 1955, the property consists of a two-story building situated on a 7,436-square foot lot with approximately 4,818 rentable square feet. The subject property has a desirable mix of seven, one-bedroom/one-bathroom units with approximately 580 square feet of living space, and one, two-bedroom/one-bathroom unit with approximately 758 square feet of living space. The property offers ample parking with eight open parking spaces and plenty of street parking out in front of the building. The units are individually metered for gas and electricity. Recent improvements completed in 2014 include upgraded plank flooring, and countertops in select units. The parking lot was also sealed and stripped, and a new fence was installed. All apartment units include individual air conditioning, as well as wall-heaters. There is an on-site laundry room, open parking, and a well-maintained common area with mature landscaping. The city of Whittier, just 12 miles southeast of Los Angeles, has a strong rental demographic with a population of 86,965, and an expected growth rate of 2.51 percent.