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3639 Whittier Boulevard

Los Angeles, CA 90023
  • $1,000,000
  • STATUS: CONTINGENT
  • ON SITE: 68 Days
  • ID#: SR23152174
Under Contract
UPDATED: 59 min ago
$1,000,000
  • 8
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Live Auction! Bidding to start from $1,000,000! ***3639 WHITTIER BLVD, ***7 UNIT APARTMENT BUILDING BID ***EXCELLENT UNIT MIX - FOUR 4+2s ONE 3+1, and TWO 1+1s ***Built in 1990 - Not subject to City of LA Rent Control ***21% UPSIDE IN RENTS ***BUYER WILL BE ABLE TO QUICKLY BRING RENTS TO MARKET STARTING IN 2024!!! ***SEPARATELY METERED FOR GAS & ELECTRIC. ***VERSITILE [Q]C2-1-CUGU ZONING - TWO ADJACENT [Q]C2-1-CUGU PARCELS AVAILABLE 25,947sqft TOTAL LAND ***WITH ALL 3 LOTS, EXISTING PLANS FOR AFFORDABLE HOUSING - ADDITIONAL 84 OR 119 UNITS - 160 TOTAL UNITS MAY BE POSSIBLE!!! ***SELLER OWNED LAUNDRY ***COVERED PARKING ***CENTRALLY LOCATED TO SCHOOLS, FREEWAYS, PUBLIC TRANSPORTATION, RETAIL & EMPLOYMENT ***HIGH WALK SCORE OF 85 IN A QUICKLY GENTRIFYING AREA. Live Auction! Bidding to start from $1,000,000! ***3639 WHITTIER BLVD, ***7 UNIT APARTMENT BUILDING BID ***EXCELLENT UNIT MIX - FOUR 4+2s ONE 3+1, and TWO 1+1s ***Built in 1990 - Not subject to City of LA Rent Control ***21% UPSIDE IN RENTS ***BUYER WILL BE ABLE TO QUICKLY BRING RENTS TO MARKET STARTING IN 2024!!! ***SEPARATELY METERED FOR GAS & ELECTRIC. ***VERSITILE [Q]C2-1-CUGU ZONING - TWO ADJACENT [Q]C2-1-CUGU PARCELS AVAILABLE 25,947sqft TOTAL LAND ***WITH ALL 3 LOTS, EXISTING PLANS FOR AFFORDABLE HOUSING - ADDITIONAL 84 OR 119 UNITS - 160 TOTAL UNITS MAY BE POSSIBLE!!! ***SELLER OWNED LAUNDRY ***COVERED PARKING ***CENTRALLY LOCATED TO SCHOOLS, FREEWAYS, PUBLIC TRANSPORTATION, RETAIL & EMPLOYMENT ***HIGH WALK SCORE OF 85 IN A QUICKLY GENTRIFYING AREA.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/143584160
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3639 Whittier Boulevard Los Angeles, CA 90023

  • Price: $1,000,000
  • Status: CONTINGENT
  • On Site: 68 Days
  • Updated: 59 min ago
  • ID#: SR23152174
8
Beds
0
Baths
0
½ Baths
0.2
Acres
Neighborhood:
Los Angeles (90023)
County:
Los Angeles
Area:
Los Angeles (90023)
Property Description
Live Auction! Bidding to start from $1,000,000! ***3639 WHITTIER BLVD, ***7 UNIT APARTMENT BUILDING BID ***EXCELLENT UNIT MIX - FOUR 4+2s ONE 3+1, and TWO 1+1s ***Built in 1990 - Not subject to City of LA Rent Control ***21% UPSIDE IN RENTS ***BUYER WILL BE ABLE TO QUICKLY BRING RENTS TO MARKET STARTING IN 2024!!! ***SEPARATELY METERED FOR GAS & ELECTRIC. ***VERSITILE [Q]C2-1-CUGU ZONING - TWO ADJACENT [Q]C2-1-CUGU PARCELS AVAILABLE 25,947sqft TOTAL LAND ***WITH ALL 3 LOTS, EXISTING PLANS FOR AFFORDABLE HOUSING - ADDITIONAL 84 OR 119 UNITS - 160 TOTAL UNITS MAY BE POSSIBLE!!! ***SELLER OWNED LAUNDRY ***COVERED PARKING ***CENTRALLY LOCATED TO SCHOOLS, FREEWAYS, PUBLIC TRANSPORTATION, RETAIL & EMPLOYMENT ***HIGH WALK SCORE OF 85 IN A QUICKLY GENTRIFYING AREA. Live Auction! Bidding to start from $1,000,000! ***3639 WHITTIER BLVD, ***7 UNIT APARTMENT BUILDING BID ***EXCELLENT UNIT MIX - FOUR 4+2s ONE 3+1, and TWO 1+1s ***Built in 1990 - Not subject to City of LA Rent Control ***21% UPSIDE IN RENTS ***BUYER WILL BE ABLE TO QUICKLY BRING RENTS TO MARKET STARTING IN 2024!!! ***SEPARATELY METERED FOR GAS & ELECTRIC. ***VERSITILE [Q]C2-1-CUGU ZONING - TWO ADJACENT [Q]C2-1-CUGU PARCELS AVAILABLE 25,947sqft TOTAL LAND ***WITH ALL 3 LOTS, EXISTING PLANS FOR AFFORDABLE HOUSING - ADDITIONAL 84 OR 119 UNITS - 160 TOTAL UNITS MAY BE POSSIBLE!!! ***SELLER OWNED LAUNDRY ***COVERED PARKING ***CENTRALLY LOCATED TO SCHOOLS, FREEWAYS, PUBLIC TRANSPORTATION, RETAIL & EMPLOYMENT ***HIGH WALK SCORE OF 85 IN A QUICKLY GENTRIFYING AREA.
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Cooling N/K Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Actual Cap Rate 14.29 Annual Expense Actual 64648 Buildings 1 Cfd Mello Roos Fee 9349.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 5.1 Gross Scheduled Income Actual 184152 Monthly Total Fees 779 Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 9598.0 Unit2 Rent Actual 2536.0 Unit3 Rent Actual 2937.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Steven Dempster of Harcourts Prime Properties: 747-444-8382. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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