Condominium buy in Whittier California

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 5.38%. MLS® ID: OC22168938 Listed: 7/31/22 Updated: 10/14/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: Common Area Heating: Radiant Exterior/Building Features Lot Size: 10,001 ft2 lot Lot Details: Rectangular Lot Sewer: Public Sewer Other Property Details Area Name: 670 - Whittier HOA Amenities: Sidewalks Garage: Yes Garage Spaces: 1 Parking: Y Parking Total: 1.0 View: N County: Los Angeles Water Source: Public Pool: No Pool Description: None Total Stories: 2 Zoning: WHR4* Property History Date Event Price Value 9/14/22 Price Change $4,795,000 -5% Courtesy of Brett Bayless, Broker, Brett Bayless, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/14/22. 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.