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Multifamily

14316 Christine Dr

14316 Christine Dr, Whittier, CA 90605

Listing Price: $1,495,000

Cap Rate
3.65%
Number of Units
6
Price/Unit
$249,167
Price/Gross SF
$440.09
Gross SF
3,397

Investment Overview

Marcus & Millichap is pleased to present a 6-unit apartment building located in Whittier, California. Built in 1955, the subject property consists of 3,397 rentable square feet spread throughout a 9,204 square foot lot. The buildings consist of a total of four 1-bedroom / 1-bathroom units and two 2-bedroom / 1-bathroom units. It has a pitched roof and contains eight parking spots. Owners enjoy the high demand for rentals in a city in Southern California. Tenants enjoy living in the Michigan Park neighborhood where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of Whittier continues to progress forward and is currently experiencing major redevelopment. The city is currently evaluating a proposed plan that would allow for the potential development in the city of more than 6,000 new housing units over the next 25 years. Whittier sustains its ability to attract renters due to its strong economy and quality of life.

Investment Highlights

  • GREAT RENTAL MARKET, VACANCY BELOW 3%
  • LOCATED IN THE HEART OF MICHIGAN PARK, ONE OF THE MOST DESIRABLE AREAS OF EAST WHITTIER: MEDIAN RENT 31% HIGHER THAN WHITTIER AVERAGE
  • WHITTWOOD TOWN CENTER AND THE QUAD AT WHITTIER SHOPPING MALL, WITHIN 1 MILE RADIUS
  • OCEAN VIEW ELEMENTARY, EAST WHITTIER MIDDLE SCHOOL, AND LA SERNA HIGHSCHOOL DISTRICT
  • MICHIGAN PARK NEIGHBORHOOD MEDIAN INCOME: $86,618

Exclusively Listed By

Listing Price: $1,495,000

Cap Rate
3.65%
Number of Units
6
Price/Unit
$249,167
Price/Gross SF
$440.09
Gross SF
3,397

Investment Highlights

  • GREAT RENTAL MARKET, VACANCY BELOW 3%
  • LOCATED IN THE HEART OF MICHIGAN PARK, ONE OF THE MOST DESIRABLE AREAS OF EAST WHITTIER: MEDIAN RENT 31% HIGHER THAN WHITTIER AVERAGE
  • WHITTWOOD TOWN CENTER AND THE QUAD AT WHITTIER SHOPPING MALL, WITHIN 1 MILE RADIUS
  • OCEAN VIEW ELEMENTARY, EAST WHITTIER MIDDLE SCHOOL, AND LA SERNA HIGHSCHOOL DISTRICT
  • MICHIGAN PARK NEIGHBORHOOD MEDIAN INCOME: $86,618

Investment Overview

Marcus & Millichap is pleased to present a 6-unit apartment building located in Whittier, California. Built in 1955, the subject property consists of 3,397 rentable square feet spread throughout a 9,204 square foot lot. The buildings consist of a total of four 1-bedroom / 1-bathroom units and two 2-bedroom / 1-bathroom units. It has a pitched roof and contains eight parking spots. Owners enjoy the high demand for rentals in a city in Southern California. Tenants enjoy living in the Michigan Park neighborhood where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of Whittier continues to progress forward and is currently experiencing major redevelopment. The city is currently evaluating a proposed plan that would allow for the potential development in the city of more than 6,000 new housing units over the next 25 years. Whittier sustains its ability to attract renters due to its strong economy and quality of life.

Exclusively Listed By

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