3333 Whittier Boulevard, Los Angeles, CA 90023
3333 Whittier Boulevard, Los Angeles, CA 90023
3333 Whittier Boulevard, Los Angeles, CA 90023
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Jerrod Waller

Jerrod Waller

+1(858) 822-8634
$999,000
Est. payment /mo
7 Beds
3 Baths
6,077 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25264445

Bedrooms 7

Lot Size 6,077 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

CAP RATE 5.5%. GRM 14.28. New owner can use the laundary room to increase the CAP RATE to over 6%. The only GEM in the area close to East LA and Downtown with existing cap rate over 5%, not in city terrace with low rental return! Prime development opportunity positioned on a high-visibility corridor with strong traffic counts and long-term growth potential. This property is a rare R3 land which offers an excellent opportunity for developers, builders, and value-add investors seeking to capitalize on a well-located parcel with flexible future use (buyer to verify zoning, density, and permitted uses with the city). The land itself already worth over 900K and planned for multi-familiy. Also, it starts earning rental income from day one with this fully tenant-occupied property while you are waiting for plan check or you want to keep it! Exceptional income-producing property priced below market for a quick sale. This fully tenant-occupied asset offers immediate, stable rental income of approximately $5,600/month All lease are month-to-month lease, making it an ideal opportunity for investors or owner-occupants seeking strong returns. Rent are close to the market but still have room to increase. The property also has a laundry room for extra income. Great value-add opportunity and projected rent can be over $6,700/month. Tenants will be transferred. The property has been professionally managed and well maintained over the past 5 years, with long-term tenants who have consistently paid on time for over a decade. Rents are near market value, with built-in potential for future incr

Location

State CA

County Los Angeles

Zoning Assessor

Direction South of Fwy 60, exit Whittier Blvd

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5188004049

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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MLS Router / San Diego MLS
Listed by Ken Wong, DRE#02241255 STIGLER MORTGAGE 

NEARBY SCHOOL & BUSINESS

Jerrod Waller

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
 

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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3333 Whittier Boulevard