Description
We are pleased to present the opportunity to acquire Camilla Flats, a 17-unit multifamily community located in a premier rental location of Uptown Whittier, California. Built in 1962, the property is comprised of a unit mix of three-bedroom, two-bedroom, one-bedroom, & studio floorplans ranging from 1,222 to 450 square feet. Camilla Flats is well located just off Painter Avenue approximately 2-blocks north of Whittier College, and is walking distance to schools, hiking trails, parks, as well as the Greenleaf Avenue and its numerous shops and restaurants. The property also enjoys easy access to 605 Freeway, which connects residents to the employment, retail, education, and entertainment centers found throughout the San Gabriel Valley and the entire Southern California region. A new investor will benefit from the a well located asset and significant upside in income to achieve a year one Cap Rate of approximately 4.8%.
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present the opportunity to acquire Camilla Flats, a 17-unit multifamily community located in a premier rental location of Uptown Whittier, California. Built in 1962, the property is comprised of a unit mix of three-bedroom, two-bedroom, one-bedroom, & studio floorplans ranging from 1,222 to 450 square feet. Camilla Flats is well located just off Painter Avenue approximately 2-blocks north of Whittier College, and is walking distance to schools, hiking trails, parks, as well as the Greenleaf Avenue and its numerous shops and restaurants. The property also enjoys easy access to 605 Freeway, which connects residents to the employment, retail, education, and entertainment centers found throughout the San Gabriel Valley and the entire Southern California region. A new investor will benefit from the a well located asset and significant upside in income to achieve a year one Cap Rate of approximately 4.8%.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T12:34:09.423. 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 deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.