6312 Bright Avenue, Whittier, CA 90601

About this property

7 unit value-add investment property located in the beautiful Hadley-Greenleaf Historic District of Uptown Whittier. The property features six large 1 bedroom 1 bathroom units and one spacious 3 bedroom 2 bathroom unit which sits above six single car garages. Investors have the ability to rent garages for additional income or convert to ADU per State of California AB 68 standards (buyer to verify). With over 20% upside in rental income for the existing units, these apartments offer an attractive 4.64% in place cap rate offering investors immediate cashflow.

Listing description from the December 2021 sale, as reported to CRMLS.

Sale history

$2,000,000

Sold December 2021 · listed $1,795,000, on market October 2021 · MLS #PW21235453 · Source: CRMLS

Listing Agent: Shane Young · Listing Office: Dan Lewin, Broker · Contact: 424-224-9344 · Bought with: Dounia Zamora · Keller Williams Palos Verdes

$1,315,000

Sold September 2020 · listed $1,250,000, on market June 2020 · MLS #PW20109996 · Source: CRMLS

Listing Agent: Shane Young · Listing Office: Marcus & Millichap · Contact: 562-257-1200 · Bought with: Shane Young · Marcus & Millichap

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