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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,980,000

Est. payment - /mo

8,860 Sqft Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID WS25013167

HOA Y/N No

Year Built 1986

Lot Size 8,860 Sqft

Property Sub-Type Apartment

Property Description

**Huge Price Drop! Reduced by $145,000**100% Occupied** This well-maintained six-unit apartment complex, built in 1986, is located at the corner of Penn St and Newlin Ave in the highly desirable Uptown Whittier area. With a building size of 4,925 sq. ft. on an 8,856 sq. ft. lot, the property features two buildings: Front building has 2 single-story units, each with 2 bedrooms and 2 bathroom. The back building has 4 townhouse-style units, each with 2 bedrooms and 1.5 bathrooms. 100% occupied. All tenants pay rent on time, it is an easy manage building! Central air and heating with four systems have been upgraded in the recent years. Two-car garage for each unit; total 12 garage parking spaces. Private balconies for each end units. The common area includes a laundry room that generates income. The revenue is shared with the laundry company and there's no hassle with machine maintenance. Recent building update also includes fresh exterior paint, two units had newly remodeled kitchens. The Balcony and Stairs inspection has been done with a complete report. A 100 Gal water heater for the whole complex is 6 years new. Conveniently located near Whittier College, Whittier museum, City Hall, PD, churches and many shops, the complex attracts long-term tenants! This excellent apartment property with a strong track record of timely rent payments, will be your next perfect investment opportunity for steady rental income and portfolio growth. Note-buyer to cooperated with seller's 1031 exchange.

Location

State CA

County Los Angeles

Area 670 - Whittier

Zoning WHC0*

Interior

Interior Features All Bedrooms Up

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 12.0

Garage Description 12.0

Pool None

Community Features Sidewalks

Roof Type Flat

Total Parking Spaces 12

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8141005029

Energy Description 1753.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by JENIFER CHOW • Doubletree Realtors • 626-278-0946

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12630 Penn ST Whittier, CA 90602