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Property Description

Proudly offered by the original owners, this 12-unit apartment building presents an excellent investment opportunity in Whittier, CA. Built in 1985, the newer construction property is 100% occupied and features a desirable unit mix consisting of (2) one-bedroom/one-bath units, (4) two-bedroom/two-bath units, and (6) three-bedroom units with a combination of one- and two-bath layouts. All units offer central air and heat and attached garages, with most units featuring two-car garages.
The property delivers a strong 5.5% cap rate on current rents and offers significant parking with a low-maintenance layout. Recent capital improvements include a new roof installed approximately four years ago and six units renovated within the same timeframe. An updated one-bedroom/one-bath unit was just leased in December, 2025 at $2,000 per month, highlighting rental upside.
Additional income is generated through a laundry room with landlord-owned equipment, including two washers and two dryers. The property also benefits from an assumable first trust deed of $2,188,000 at a fixed 6.82% interest rate through 7/1/2029.
Conveniently located with excellent access to major freeways and public transportation, this asset offers strong tenant demand and long-term stability. This is a rare opportunity to acquire a high-quality multifamily investment in a prime Whittier location and a valuable addition to any investor's portfolio.

Overview

Property Status
For Sale
Lot Size
0.32 Acres
MLS ID
NP25077221
Property Type
Condo
Year Built
1985

Features & Amenities

Total Area
10,762 Sq.Ft.
Architecture Styles
Ranch
View Description
None
Stories
1
Garage Spaces
20.0
Water Source
Public
Utilites
Electricity Connected, Natural Gas Connected, Sewer Connected
Pool
None
Roof
Composition
Lot Features
Back Yard, Level, Street Level
Parking
Assigned, Concrete, Direct Access, Door-Single, Garage
Heat Type
Forced Air
Air Conditioning
Central Air
Laundry Room
Common Area, Laundry Room
Fireplace
None
Appliances
Disposal
Sewer
Public Sewer
Substructure
Slab
Sales Price
$4,185,000
Real Estate Tax
$13,101/yr
Zoning
LCCH*

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11314 La Mirada Boulevard

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  • CallJeff Stokes

    License #00853601

    (949) 355-3361
  • 11314 La Mirada Boulevard
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