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11506 Obert Avenue
Whittier, CA 90604
Sold
The Obert Arms is a 14-unit multifamily investment opportunity located in Whittier, CA. The Obert Arms offers a desirable mix of 4, one-bedroom units and 10, two-bedroom units and amenities including a central courtyard, private patios (select units), a balcony (select unit), tuck-under parking, and an on-site laundry facility. Whittier’s continued strong rental metrics, including a 2022 vacancy rate of just 1.2 percent and year-over-year rent growth of 11.7 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents below market rates, the property represents an attractive value-add opportunity for a new owner. Residents enjoy the property’s proximity to a plethora of retail, dining, and entertainment options at Gateway Plaza and Whittwood Town Center. Additionally, Whittier’s central location between Los Angeles, Orange, and Riverside Counties creates consistent demand from renters looking for convenient access to Southern California’s major commercial hubs.
PROPERTY INFORMATION
| MLS # | OC23012856 | Lot Size | 17,424 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 3,500,000
Price Per SqFt: $ 286 |
DOM | 928 Days |
| Address | 11506 Obert Avenue | Type | Residential Income |
| City | Whittier | Sq.Ft. | 12,233 Sq. Ft. |
| Postal Code | 90604 | Garage | N/A |
| County | Los Angeles | Year Built | 1962 |
| Bed / Bath | 3 / 0 | Parking | 14 |
| Built In | 1962 | Status | Closed |
| Sold Date | 2024-02-14 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,733
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 02/14/2024 | Sold | $3,190,000 |
| 11/01/2023 | Pending | $3,500,000 |
| 06/06/2023 | Price Change | $3,500,000 (-5.41%) |
| 01/24/2023 | Listed | $4,025,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Tyler Leeson, Marcus & Millichap RE Invest. 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.
