Sold
11506 Obert Avenue
Whittier CA, 90604
$3,190,000
$260.77 per sqft
Sold
12,233 sqft
Condo
Built in 1962
Listed by Tyler Leeson with Marcus & Millichap RE Invest 949-419-3200
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.
OC23012856
MLSⓇ ID
January 24, 2023
Listed
March 28, 2024
Updated
Map
11506 Obert Avenue
Whittier CA, 90604
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.4 Acres
Lot Features
Cul-De-Sac, Street Level
Sewer
Public Sewer
Other Property Details
Area Name
699 - Not Defined
Days on Market
247
Garage
No
Parking Total
14
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LCR3*
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
2/16/2024 | Sold | $3,190,000 |
11/1/2023 | Pending | — |
9/29/2023 | Under Contract | — |
6/6/2023 | Price Change | $3,500,000 -6% |
Listing Contact: 949-419-3200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/28/2024 at 3:28 PM UTC