This is an amazing income property located in East Whittier within a lovely residential area. It features 3 units that display true pride of ownership. The property currently has a monthly rental income of $7,585.00, which is $91,020.00 annually in gross rents. The actual CAP rate is 4.47%, which is very good for a property in this turn key condition in Whittier. Unit 16227 has recently been completely renovated to the cost of $12,000.00. Recently leased for $2445. It is a 2bed and 1 bath with a single, attached car garage, remodeled, nice sizeable bedrooms, new kitchen cabinets with a soft close, new stove top, wall A/C, small back yard. Unit 16227 1/2 had been completely renovated 3 years to the cost of $10,000.00. This one is leased for $2950, it is the largest unit, 3 bed and 2 baths, also remodeled - per seller, small back yard (two fruit trees) with a two car detached garage. Unit 16229 (upstairs above garage) is leased for $2190. It is a 2 bed and 1 bath, also remodeled, 2 car garage below the unit.
In addition, this area boast the best schools in Whittier and its in close proximity to Whittwood mall with various stores and restaurants as well as on the boarder with Orange County.