7959 Bright, Whittier, CA 90602
List Price: $3.65M
Listing Status: Pending
Original List Price: $3.8M
0Days on Market: 45
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1984
Lot Size: 19,859 sq ft
Garage Spaces: 7
Private Pool: Yes
MLS Number: CV26055922
About This Property
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.
Listing provided by: Kristopher German DRE #01800021 626-956-0188 kris@theapartmentdealer.com, RE/MAX 2000 REALTY
Source: CRMLS, MLS #: CV26055922
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.