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Multifamily

The Obert Arms

11506 Obert Ave, Whittier, CA 90604

Listing Price: $4,025,000

Cap Rate
4.15%
Number of Units
14
Price/Unit
$287,500
Price/Gross SF
$329.03
Gross SF
12,233

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present The Obert Arms, 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. Given the strong market dynamics and the property’s upside potential, The Obert Arms is well suited to provide a new investor with strong returns and value appreciation.

Investment Highlights

  • Attractive Mix of One & Two-Bedroom Units
  • Private Patios (Select Units) & a Balcony (Select Unit)
  • On-Site Laundry | Ample Tuck-Under Parking
  • Walking Distance to La Colima Elementary School
  • Located in a Predominantly Single-Family Residential Neighborhood
  • Convenient Access to a Plethora of Shops, Grocers, & Restaurants at Gateway Plaza
  • The Property is Located in Unincorporated Whittier & Falls Under the Los Angeles County Rent Stabilization Ordinance

Exclusively Listed By

Financing By

Multifamily

The Obert Arms

Listing Price: $4,025,000

Cap Rate
4.15%
Number of Units
14
Price/Unit
$287,500
Price/Gross SF
$329.03
Gross SF
12,233

Investment Highlights

  • Attractive Mix of One & Two-Bedroom Units
  • Private Patios (Select Units) & a Balcony (Select Unit)
  • On-Site Laundry | Ample Tuck-Under Parking
  • Walking Distance to La Colima Elementary School
  • Located in a Predominantly Single-Family Residential Neighborhood
  • Convenient Access to a Plethora of Shops, Grocers, & Restaurants at Gateway Plaza
  • The Property is Located in Unincorporated Whittier & Falls Under the Los Angeles County Rent Stabilization Ordinance

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present The Obert Arms, 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. Given the strong market dynamics and the property’s upside potential, The Obert Arms is well suited to provide a new investor with strong returns and value appreciation.

Exclusively Listed By

Financing By

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