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13447 Bailey Street

Whittier, CA 90601
  • $1,500,000
  • STATUS: Active Under Contract
  • ON SITE: 14 Days
  • ID#: 22199701
Under Contract
UPDATED: 11 min ago
$1,500,000
  • 9
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,618
    SQFT
  • $325
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Shant Sherbetdjian of Remax Commercial And Investment Realty (213-817-1000)


Description

We are pleased to present for sale 5 Units in an A+ Location in Uptown Whittier. It is the first time this property is being offered for sale in almost 37 years! A new investor will appreciate this 4,618 square foot building that is located near the intersection of North Painter Avenue and Hadley Street. Being Comprised of mostly 2 Bedroom Units (and 2 Bathrooms in select units), this property has a tremendous value-add component which results in a rental upside potential of +/- 47%. Tenants enjoy the convenience of the on-site laundry room, oversized units as well as covered parking. For almost 4 decades, owners have maintained this trophy investment great pride. There are many capital improvements which include updated interiors, newer windows as well as copper plumbing (horizontal and vertical). The property is within walking distance to Whittier College as well as many shops, restaurants and various businesses on Greenleaf Avenue. Property to be Sold in its "As-Is" Condition, AB1482 rent control applies. Buyer to cooperate with Seller's 1031 Exchange, Seller has already identified their Exchange Upleg.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T10:33:54.103. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/133086837
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13447 Bailey Street Whittier, CA 90601

  • Price: $1,500,000
  • Status: Active Under Contract
  • On Site: 14 Days
  • Updated: 11 min ago
  • ID#: 22199701
9
Beds
0
Baths
0
½ Baths
0.15
Acres
4,618
SQFT
$325
$/SQFT
1962
Built
Neighborhood:
670 - Whittier
County:
Los Angeles
Area:
670 - Whittier
Property Description
We are pleased to present for sale 5 Units in an A+ Location in Uptown Whittier. It is the first time this property is being offered for sale in almost 37 years! A new investor will appreciate this 4,618 square foot building that is located near the intersection of North Painter Avenue and Hadley Street. Being Comprised of mostly 2 Bedroom Units (and 2 Bathrooms in select units), this property has a tremendous value-add component which results in a rental upside potential of +/- 47%. Tenants enjoy the convenience of the on-site laundry room, oversized units as well as covered parking. For almost 4 decades, owners have maintained this trophy investment great pride. There are many capital improvements which include updated interiors, newer windows as well as copper plumbing (horizontal and vertical). The property is within walking distance to Whittier College as well as many shops, restaurants and various businesses on Greenleaf Avenue. Property to be Sold in its "As-Is" Condition, AB1482 rent control applies. Buyer to cooperate with Seller's 1031 Exchange, Seller has already identified their Exchange Upleg.
Exterior Features

Parking Features Covered Parking Total 5

Property Features

Association YN No Gross Income 86160 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 47712 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Whr4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T10:33:54.103. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Shant Sherbetdjian of Remax Commercial And Investment Realty (213-817-1000)