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Multifamily

7641 Bright Ave

7641 Bright Ave, Whittier, CA 90602

Listing Price: $1,500,000

Cap Rate
3.03%
Number of Units
5
Price/Unit
$300,000
Price/Gross SF
$492.45
Gross SF
3,046

Investment Overview

Marcus & Millichap is pleased to present to market 7641 Bright Avenue, a five-unit apartment property in Whittier, California. This asset boasts an excellent rental location in a desirable market; the property is just one block from Greenleaf Avenue, home to Whittier’s dining, retail and entertainment district, one block to Friends Park and Whittier’s Civic Center, and a half-mile to Whittier College. 7641 Bright Avenue consists of a single-story two-bed/one-bath house and a two-story fourplex with all one-bed/one-bath units. The units are separately metered for gas and electricity. The property is gated behind the fourplex and features six surface parking spots and shared laundry facilities. Current rents offer a new investor 58 percent potential upside, making this offering a great value-add opportunity in an excellent rental location.

Investment Highlights

  • Value-Add Opportunity With 58 Percent Rental Upside in a Great Rental Location in a Desirable Market
  • Property Consists of a Two-Bed/One-Bath House and a Fourplex With All One-Bed/One-Bath Units
  • Property Features Gated Surface Parking and Shared Laundry
  • Located a Half-Mile to Whittier College, One Block to Greenleaf Avenue Shopping, Dining and Entertainment, and One Block to Friends Park

Exclusively Listed By

Financing By

Multifamily

7641 Bright Ave

Listing Price: $1,500,000

Cap Rate
3.03%
Number of Units
5
Price/Unit
$300,000
Price/Gross SF
$492.45
Gross SF
3,046

Investment Highlights

  • Value-Add Opportunity With 58 Percent Rental Upside in a Great Rental Location in a Desirable Market
  • Property Consists of a Two-Bed/One-Bath House and a Fourplex With All One-Bed/One-Bath Units
  • Property Features Gated Surface Parking and Shared Laundry
  • Located a Half-Mile to Whittier College, One Block to Greenleaf Avenue Shopping, Dining and Entertainment, and One Block to Friends Park

Investment Overview

Marcus & Millichap is pleased to present to market 7641 Bright Avenue, a five-unit apartment property in Whittier, California. This asset boasts an excellent rental location in a desirable market; the property is just one block from Greenleaf Avenue, home to Whittier’s dining, retail and entertainment district, one block to Friends Park and Whittier’s Civic Center, and a half-mile to Whittier College. 7641 Bright Avenue consists of a single-story two-bed/one-bath house and a two-story fourplex with all one-bed/one-bath units. The units are separately metered for gas and electricity. The property is gated behind the fourplex and features six surface parking spots and shared laundry facilities. Current rents offer a new investor 58 percent potential upside, making this offering a great value-add opportunity in an excellent rental location.

Exclusively Listed By

Financing By

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