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    6312 Bright Avenue

    Whittier, CA 90601
    • $1,250,000
    • STATUS: CONTINGENT
    • ON SITE: 64 days
    • ID#: 302551444
    Under Contract
    UPDATED: 51 min ago
    $1,250,000
    • 4
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Marcus & Millichap is pleased to present 6312 Bright Avenue, a 7-unit investment property in Whittier, CA. The property is located between Hadley Street & Camilla Street in Uptown Whittier's Hadley/Greenleaf Historic District. The property is a short walk from Uptown Whittier's most lively street Greenleaf Avenue. Greenleaf Avenue offers a wide range of retail, restaurants & entertainment. The property is in close proximity to the Whittier Library, Community Center, City Hall, Turnbull Canyon hiking/bikin Marcus & Millichap is pleased to present 6312 Bright Avenue, a 7-unit investment property in Whittier, CA. The property is located between Hadley Street & Camilla Street in Uptown Whittier's Hadley/Greenleaf Historic District. The property is a short walk from Uptown Whittier's most lively street Greenleaf Avenue. Greenleaf Avenue offers a wide range of retail, restaurants & entertainment. The property is in close proximity to the Whittier Library, Community Center, City Hall, Turnbull Canyon hiking/biking trail, Whittier College, Whittier Presbyterian Hospital and Whittiers largest brand new 73 acre housing and commercial development "The Groves" which offers 150,000 sqft of retail space, 561 homes, & 189 apartment housing units that are a mix between 55+ older communities & common rental communities. 6312 Bright Avenue consists of one 7-unit building & is 1955 construction. The property offers 6 spacious 1 bed/ 1 bath units & 1 large 3 bed/ 2 bath unit, all come with a wall mounted HVAC unit. There is ample onsite parking that includes 6 single car garages along with 3 surface parking spaces, extremely rare for Uptown Whittier apartment buildings. All units are separately metered for gas and electricity which keeps landlord operating expenses to a minimum. This property has been well-maintained throughout the years and offers the opportunity to add value with over 30% upside in rents. 6312 Bright Avenue would be a fantastic addition to any investor's portfolio.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
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    6312 Bright Avenue Whittier, CA 90601

    • Price: $1,250,000
    • Status: CONTINGENT
    • Updated: 51 min ago
    • ID#: 302551444
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1955
    Built
    Neighborhood:
    Whittier (90601)
    County:
    Los Angeles
    Area:
    Whittier (90601)
    Property Description
    Marcus & Millichap is pleased to present 6312 Bright Avenue, a 7-unit investment property in Whittier, CA. The property is located between Hadley Street & Camilla Street in Uptown Whittier's Hadley/Greenleaf Historic District. The property is a short walk from Uptown Whittier's most lively street Greenleaf Avenue. Greenleaf Avenue offers a wide range of retail, restaurants & entertainment. The property is in close proximity to the Whittier Library, Community Center, City Hall, Turnbull Canyon hiking/bikin Marcus & Millichap is pleased to present 6312 Bright Avenue, a 7-unit investment property in Whittier, CA. The property is located between Hadley Street & Camilla Street in Uptown Whittier's Hadley/Greenleaf Historic District. The property is a short walk from Uptown Whittier's most lively street Greenleaf Avenue. Greenleaf Avenue offers a wide range of retail, restaurants & entertainment. The property is in close proximity to the Whittier Library, Community Center, City Hall, Turnbull Canyon hiking/biking trail, Whittier College, Whittier Presbyterian Hospital and Whittiers largest brand new 73 acre housing and commercial development "The Groves" which offers 150,000 sqft of retail space, 561 homes, & 189 apartment housing units that are a mix between 55+ older communities & common rental communities. 6312 Bright Avenue consists of one 7-unit building & is 1955 construction. The property offers 6 spacious 1 bed/ 1 bath units & 1 large 3 bed/ 2 bath unit, all come with a wall mounted HVAC unit. There is ample onsite parking that includes 6 single car garages along with 3 surface parking spaces, extremely rare for Uptown Whittier apartment buildings. All units are separately metered for gas and electricity which keeps landlord operating expenses to a minimum. This property has been well-maintained throughout the years and offers the opportunity to add value with over 30% upside in rents. 6312 Bright Avenue would be a fantastic addition to any investor's portfolio.
    Exterior Features

    Pool N/K Site Curbs Topography Level

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 2

    Property Features

    Actual Cap Rate 6.12 Annual Expense Actual 36927 Buildings 1 Gross Rent Multiplier Actual 10.68 Gross Scheduled Income Actual 113478 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1328.0 Unit2 Rent Actual 1779.0 Water Meter On Property Zoning Whr4*

    Listing provided courtesy of Marcus & Millichap. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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