New Loan @ 5.65% Available | 11506 Obert Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
New Loan @ 5.65% Available 11506 Obert Ave
14 Unit Block of Flats £2,804,535 (£200,324/Unit) 5.55% Net Initial Yield Whittier, CA 90604
Investment Highlights
- ±18% Rental Upside / 7.09% Market Cap Rate
- Select Units Feature Sizable 2nd Story Patios
- 16 Total Parking Spaces
- New Loan Available at 5.65%
- New Windows Throughout Property
- Prime Cul-de-Sac Location
Executive Summary
The Obert Arms Apartments is a 14-unit apartment asset situated at 11506 Obert Avenue in Whittier, California. The property presents a new buyer with ±18% rental upside potential, with a 7.09% cap rate at market rents. New financing is available at 5.65%.
The property spans a 17,225-square-foot lot and includes (10) 2BD/1BA units, and (4) 1BD/1BA units. Some of the units feature spacious second-story patios. The building has been updated with new windows throughout.
Residents enjoy ample parking with 16 total spaces and the convenience of onsite laundry facilities, which also present an opportunity for additional income.
Located in the desirable, quiet residential neighborhood of Whittier, 11506 Obert Avenue offers small-town charm with easy access to the Greater Los Angeles and Orange County.
The property spans a 17,225-square-foot lot and includes (10) 2BD/1BA units, and (4) 1BD/1BA units. Some of the units feature spacious second-story patios. The building has been updated with new windows throughout.
Residents enjoy ample parking with 16 total spaces and the convenience of onsite laundry facilities, which also present an opportunity for additional income.
Located in the desirable, quiet residential neighborhood of Whittier, 11506 Obert Avenue offers small-town charm with easy access to the Greater Los Angeles and Orange County.
Property Facts
| Price | £2,804,535 | Apartment Style | Low Rise |
| Price Per Unit | £200,324 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Net Initial Yield | 5.55% | Building Size | 12,233 SF |
| Gross Rent Multiplier | 11.22 | Average Occupancy | 100% |
| No. Units | 14 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Price | £2,804,535 |
| Price Per Unit | £200,324 |
| Sale Type | Investment |
| Net Initial Yield | 5.55% |
| Gross Rent Multiplier | 11.22 |
| No. Units | 14 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 12,233 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.31/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 745 |
| 2+1 | 10 | - | 925 |
1 of 1
PROPERTY TAXES
| Parcel Number | 8227-010-020 | Improvements Assessment | £1,270,575 |
| Land Assessment | £1,355,279 | Total Assessment | £2,625,854 |
PROPERTY TAXES
Parcel Number
8227-010-020
Land Assessment
£1,355,279
Improvements Assessment
£1,270,575
Total Assessment
£2,625,854
zoning
| Zoning Code | R3 |
| R3 |
-
Robert Stepp -
Travis Traweek -
Alex Figueroa -
Stepp Commercial
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
New Loan @ 5.65% Available | 11506 Obert Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.