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10203 Ruoff Avenue
Whittier, CA 90604
Sold
NEW PRICE! Current 5.6% CAP Rate and a 12.5 GRM! We are proud to exclusively offer for sale this investment opportunity located in the highly sought after rental community of Whittier. This 12 unit residential multi-family investment property is comprised of all LARGE, well-designed 2-bedroom/1-bathroom apartments, spread across 3 separate structures, all of which provide comfortable and spacious living spaces. The property boasts newer copper plumbing throughout, ensuring durability and reduced maintenance concerns. A new roof, installed in 2020, adds to the property's long-term value and appeal. The total rental square footage is an impressive 10,434 sq ft, set on a generous 16,465 sq ft lot, providing ample space for tenants and potential future ADU enhancements (buyer to verify with city authorities.) Each unit is separately metered for electricity and gas, allowing for straightforward utility management and minimizing operating expenses. Tenants benefit from onsite car-port parking, enhancing convenience and desirability. Additionally, while the laundry facility is currently not in use, it offers an added value potential for future activation. Currently priced at a 5.6% CAP Rate and a 12.5 GRM, this property promises a solid return on investment. This is a rare opportunity to acquire a well-maintained, high-demand property in a thriving rental market.
PROPERTY INFORMATION
| MLS # | CV24118725 | Lot Size | 16,465 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 3,125,000
Price Per SqFt: $ 300 |
DOM | 422 Days |
| Address | 10203 Ruoff Avenue | Type | Residential Income |
| City | Whittier | Sq.Ft. | 10,434 Sq. Ft. |
| Postal Code | 90604 | Garage | N/A |
| County | Los Angeles | Year Built | 1959 |
| Bed / Bath | 24 / 0 | Parking | 17 |
| Built In | 1959 | Status | Closed |
| Sold Date | 2024-08-30 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside, See Remarks |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,333
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/30/2024 | Sold | $3,050,000 |
| 07/23/2024 | Pending | $3,125,000 |
| 06/11/2024 | Listed | $3,295,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Kristopher German, RE/MAX 2000 REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
