Candlewood | 11500 Colima Rd
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Candlewood 11500 Colima Rd
43 Unit Block of Flats £9,862,500 (£229,360/Unit) 5.39% Net Initial Yield Whittier, CA 90604
Investment Highlights
- Majority Two-Bedroom Floor Plans
- Attractive 5.39% Current Cap Rate / 6.93% Market Cap Rate
- Controlled Gated Access, (2) Laundry Rooms, On-Site Security Camera System & Ample Parking
- Well-Maintained Asset
- Recent Capital Improvements Include New Roof (2021), Iron Railings Installed, New Asphalt & Slurry, and 23 of 43 Units Renovated
Executive Summary
Located near the major thoroughfare of Colima Road and Telegraph Road, the Candlewood Apartments is a multifamily investment opportunity consisting of a majority of two-bedroom units. Ownership has completed recent major interior and exterior improvements including renovating 23 of the 43 units.
Property Facts
| Price | £9,862,500 | Apartment Style | Low Rise |
| Price Per Unit | £229,360 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.22 AC |
| Net Initial Yield | 5.39% | Building Size | 26,050 SF |
| Gross Rent Multiplier | 11.89 | Number of Floors | 2 |
| No. Units | 43 | Year Built | 1958 |
| Property Type | Residential | Parking Ratio | 2.73/1,000 SF |
| Property Subtype | Apartment |
| Price | £9,862,500 |
| Price Per Unit | £229,360 |
| Sale Type | Investment |
| Net Initial Yield | 5.39% |
| Gross Rent Multiplier | 11.89 |
| No. Units | 43 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.22 AC |
| Building Size | 26,050 SF |
| Number of Floors | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.73/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 42 | £1,473 | 600 |
| 3+2 | 1 | £2,758 | 850 |
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PROPERTY TAXES
| Parcel Number | 8227-001-043 | Improvements Assessment | £2,003,902 |
| Land Assessment | £7,243,020 | Total Assessment | £9,246,922 |
PROPERTY TAXES
Parcel Number
8227-001-043
Land Assessment
£7,243,020
Improvements Assessment
£2,003,902
Total Assessment
£9,246,922
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Daniel Blackwell -
George Felix -
CBRE, Inc.
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Candlewood | 11500 Colima Rd
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