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11506 Obert Avenue, Whittier, CA 90604
$3,190,000
11506 Obert Avenue, Whittier, CA 90604View this property at 11506 Obert Avenue, Whittier, CA 90604
11506 Obert AvenueWhittierCA90604
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Property Description
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.
Full Property Details
Full Property Details for 11506 Obert Ave
General
- Sold For: $3,190,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC23012856
- Added to Site: 479 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: Nearby Cross Streets: Telegraph Road & Leffingwell Road
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 14
- # Electric Meters: 14
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 12,233
- Year Built: 1962
Unit Information
Unit 1
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 10
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.4
- Lot Size Source: Assessor
- Zoning: LCR3*
- Lot Description: Cul-de-Sac, Level with Street
Financial Considerations
- Price Per Sq. Ft.: $260.77
- Price Per Unit: 250000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Marcus & Millichap RE Invest, Tyler Leeson
Sold by Nonmember Mrml, ALEX FIGUEROA
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Schools
Schools serving 11506 Obert Ave
School Districts:East Whittier City Elementary School District, Whittier Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
11225 Miller Rd, Whittier, CA 90604 | K-5 | 0.3 mi | |
15337 Lemon Dr, Whittier, CA 90604 | 6-8 | 1.1 mi | |
15301 Youngwood Dr, Whittier, CA 90605 | 9-12 | 2.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11506 Obert Ave
Date
Details
Price
Change
Source
2/14/2024
Sold
$3,190,000
-8.86%
MLS
6/06/2023
Price Reduced
$3,500,000
-5.41%
MLS
4/18/2023
Price Reduced
$3,700,000
-8.07%
MLS
1/24/2023
Listed
$4,025,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
11506 Obert Avenue, Whittier, CA 90604 (MLS# OC23012856) is a Multi-Family property that was sold at $3,190,000 on February 14, 2024. Want to learn more about 11506 Obert Avenue? Do you have questions about finding other Multi-Family real estate for sale in Whittier? You can browse all Whittier real estate or contact a Coldwell Banker agent to request more information.