Price Reduced Listing
7751 Milton Avenue,Whittier, CA 90602
Whittier, CA 90602
Description
PRICE REDUCED $50,000 ! We are proud to present Property 2 of 6 within this newly released 47-unit multifamily portfolio, offering investors the opportunity to acquire a well-located asset in the heart of Uptown Whittier. This 5-unit apartment building is ideally positioned just steps from the shops, dining, and entertainment along Greenleaf Avenue, placing it in one of the area's most desirable and walkable rental neighborhoods, garnering an 82 Walk Score, considered "Very Walkable". Offered for the first time in over five years, the property represents a rare opportunity in a tightly held submarket. The asset features a functional and attractive unit mix with the Front Structure consisting of FOUR spacious 1-bedroom, 1-bathroom units, each featuring a den (operating as 2-bedroom + 1-bathroom units). The Rear Structure consists of ONE 1-bedroom, 1-bathroom unit with a den, as well as a detached bonus room and an additional bathroom (operating as a 3-bedroom + 2-bathroom unit), offering added flexibility and potential for a variety of uses (buyer to verify). Income schedule brings in a 6.26% Cap Rate and 11.12 GRM with Rents that take effect November 1, 2026. This investment opportunity is appealing to a wide tenant base and supports long-term occupancy. The property demonstrates clear pride of ownership, with multiple recent upgrades enhancing both its condition and tenant appeal. Additional amenities include dedicated parking, on-site laundry, and separately metered gas and electricity, contributing to efficient management and reduced operating expenses. A rear unit with private access and an outdoor area further enhances rental desirability. The property also offers potential for ADU development (buyer to verify), providing an opportunity to increase future income. SB721 compliance has already been addressed, and the asset is subject only to California AB 1482, with no local rent control restrictions. This investment presents a compelling combination of stable in-place income and long-term upside potential in a high-demand rental market, with the added flexibility to acquire as an individual asset or as part of the broader 6-property portfolio. Properties do not have to be sold together. ** Check out the property video link.
Details
| MLS # | 26698353 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 132 |
| Listing Provided By | Remax Commercial and Investment Realty | Shant Sherbetdjian |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,110 |
| Garage | 2 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | WHR4* |
| Acreage | 0.16 |
Parking
| Parking Features | Garage, Uncovered |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Whittier |
| Zip Code | 90602 |
| Area | 670 Whittier |
| Listing VS Median (in 90602) | |
Price: $1,575,000 low | high Med: $839,000 sqft: 3,110 low | high Med: 1,590 $ / sqft: $506 low | high Med: $528 On site: 132 low | high Med: 174 | |
Market Activity 90602
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Whittier |
| Zip Code | 90602 |
| Area | 670 Whittier |
| Listing VS Median (in 90602) | |
Price: $1,575,000 low | high Med: $839,000 sqft: 3,110 low | high Med: 1,590 $ / sqft: $506 low | high Med: $528 On site: 132 low | high Med: 174 | |
 | $1,675,0008146 Bright AvenueWhittier, CA 90602 |