Condominium buy in Wellington Heights California

3639 Whittier Blvd, a 7-unit apartment building in Boyle Heights. The property features a unit mix of 2 one-bedrooms, 1three-bedroom, and 4 four-bedrooms and 12 gated parking spaces. There is strong cash flow in place at a 5.13% CAP rate on current income with additional rental upside of over 36%. Each unit has a private patio and there is community laundry on-site with four owned washers and dryers. Built in 1990, the property is not subject to Los Angeles city rent control. This neighborhood in Boyle Heights is rapidly gentrifying and ideally located with a short commute to Downtown Los Angeles and the San Gabriel Valley. The Boyle Heights neighborhood remains a strong area to invest in as 75% of their roughly 95,000 residents choose to rent. MLS® ID: 22200587 Listed: 8/17/22 Updated: 10/17/22 Interior Features Kitchen Appliances: Dishwasher, Gas Range, Microwave, Oven, Refrigerator, Range Hood Total Bedrooms: 21 Total Bathrooms: 11 Interior Features: Ceiling Fan(s) Floor Description: Carpet, Tile, Wood Exterior/Building Features Lot Size: 8,610 ft2 lot Other Property Details Area Name: BOYH - Boyle Heights Garage: Yes Garage Spaces: 12 Parking: Gated Parking Total: 12.0 View: N County: Los Angeles Pool: No Total Stories: 2 Zoning: [Q]C2-1-CUGU Property History Date Event Price Value 9/26/22 Price Change $2,300,000 -7% Courtesy of Marcus & Millichap, Neema Ahadian, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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, 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.