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10071 Carmenita, Whittier

  • Huge 6-unit apartment building in South Whittier on an oversized lot priced below replacement cost at only $268 per square foot
  • Perfect unit mix with all large two bedroom, one bathroom units
  • Very well parked with carport for 6 cars plus 6 additional parking spaces
  • Enormous 102% upside in rents to a cap rate of 6.5% and a GRM of 9.8X on market rents
  • Rare opportunity for a true value add in a great location
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Download Offering Memorandum

UNITS: 6

GROSS RENT MULTIPLIER: 19.74

CAP RATE: 2.2

AGENT: anthonywalker

PRICE

$1,425,000

ANNUAL INCOME

$71,352

ANNUAL NOI

$31,420

ANNUAL EXPENSE

$37,189

Rental Cost Details

# OF UNITS # OF BEDROOMS # OF BATHS ACTUAL RENT TOTAL RENT PRO FORMA TOTAL PRO FORMA
121$721$721$2,000$2,000
121$1,060$1,060$2,000$2,000
121$1,030$1,030$2,000$2,000
121$1,030$1,030$2,000$2,000
121$1,055$1,055$2,000$2,000
121$1,055$1,055$2,000$2,000
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
6126 $5,951 $12,000