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Carole Waldchen, GRI, CSA, SRES
(858) 792-6085

cwaldchen@sbcglobal.net

DRE# 1414309
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Carole Waldchen, GRI, CSA, SRES
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(858) 792-6085

cwaldchen@
sbcglobal.net

DRE# 1414309
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(858) 792-6085
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SOLD
$3,190,000
Date 02/14/2024

11506 Obert Avenue
Whittier, CA 90604

Apartment
Residence
12,233
Sqft
0.4
Lot Size
Listing Agent: Tyler Leeson CalDRE: 01451551 - Marcus & Millichap RE Invest, 714-713-9086
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. Whittiers 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 propertys proximity to a plethora of retail, dining, and entertainment options at Gateway Plaza and Whittwood Town Center. Additionally, Whittiers central location between Los Angeles, Orange, and Riverside Counties creates consistent demand from renters looking for convenient access to Southern Californias major commercial hubs.
OC23012856
Apartment, 2 Story
Los Angeles
1962
0.4 Acres
Public
2
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

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Transit Score

Listing Agent: Tyler Leeson CalDRE: 01451551 - Marcus & Millichap RE Invest, 714-713-9086
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