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Multifamily

7718 Bright Ave

7718 Bright Ave, Whittier, CA 90602

Listing Price: $1,550,000

Cap Rate
4.50%
Number of Units
3
GRM
15.30
Price/Unit
$516,667
Price/Gross SF
$561.19
Gross SF
2,762

Investment Overview

Marcus & Millichap is pleased to present to market 7718 Bright Avenue, a true turnkey investment opportunity in Whittier, California. This completely renovated asset is achieving top-of-the-market rents and boasts an excellent mix of one two-bed/two-bath home and two two-bed/one-bath homes. Furthermore, the front home can be delivered vacant, making this a great owner-user opportunity, or a new investor can lease the home at market rate.

The homes have been fully renovated and feature new kitchens, new water heaters, new plumbing, stacked LG washer/dryers, new windows, and central air in the front home. The property also offers surface parking, and the homes are separately metered for all utilities, helping keep expenses to a minimum.

7718 Bright Avenue is located two blocks from Friends Park, a half-mile from Whittier College, within easy walking distance of a Smart & Final grocery store, and conveniently near retail along Whittier Boulevard.

Investment Highlights

  • Renovated asset achieving top-of-the-market rents | Excellent opportunity for an investor looking for a turnkey acquisition
  • Sought-after mix of one two-bed/two-bath home and two two-bed/one-bath homes
  • Homes boast upgraded flooring, new kitchens, new plumbing, new windows, stacked LG washer/dryers, and more
  • Front house to be delivered vacant | Great chance to owner-occupy a beautiful home and lease the remaining units or rent the home at market rate
  • Desirable Whittier location a half-mile to Whittier College

Exclusively Listed By

Financing By

Multifamily

7718 Bright Ave

Listing Price: $1,550,000

Cap Rate
4.50%
Number of Units
3
GRM
15.30
Price/Unit
$516,667
Price/Gross SF
$561.19
Gross SF
2,762

Investment Highlights

  • Renovated asset achieving top-of-the-market rents | Excellent opportunity for an investor looking for a turnkey acquisition
  • Sought-after mix of one two-bed/two-bath home and two two-bed/one-bath homes
  • Homes boast upgraded flooring, new kitchens, new plumbing, new windows, stacked LG washer/dryers, and more
  • Front house to be delivered vacant | Great chance to owner-occupy a beautiful home and lease the remaining units or rent the home at market rate
  • Desirable Whittier location a half-mile to Whittier College

Investment Overview

Marcus & Millichap is pleased to present to market 7718 Bright Avenue, a true turnkey investment opportunity in Whittier, California. This completely renovated asset is achieving top-of-the-market rents and boasts an excellent mix of one two-bed/two-bath home and two two-bed/one-bath homes. Furthermore, the front home can be delivered vacant, making this a great owner-user opportunity, or a new investor can lease the home at market rate. The homes have been fully renovated and feature new kitchens, new water heaters, new plumbing, stacked LG washer/dryers, new windows, and central air in the front home. The property also offers surface parking, and the homes are separately metered for all utilities, helping keep expenses to a minimum. 7718 Bright Avenue is located two blocks from Friends Park, a half-mile from Whittier College, within easy walking distance of a Smart & Final grocery store, and conveniently near retail along Whittier Boulevard.

Exclusively Listed By

Financing By

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