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$3,550,000

Beds
Unknown
sq ft
Unknown

11506 Obert Ave, Whittier, CA 90604

11506 Obert Ave

Whittier, CA 90604

  • 127 days on market
    • Price drop $200,000↓
The Obert Arms Apartments is a 14-unit apartment asset situated at 11506 Obert Avenue in Whittier, California. The property presents a new buyer with ±18% rental upside potential, with a 7.09% cap rate at market rents. New financing is available at 5.65%. The property spans a 17,225-square-foot lot and includes (10) 2BD/1BA units, and (4) 1BD/1BA units. Some of the units feature spacious second-story patios. The building has been updated with new windows throughout. Residents enjoy ample parking with 16 total spaces and the convenience of onsite laundry facilities, which also present an opportunity for additional income. Located in the desirable, quiet residential neighborhood of Whittier, 11506 Obert Avenue offers small-town charm with easy access to the Greater Los Angeles and Orange County.

Details

Property type

Mixed Use

Est. home value

$4,204,321

Lot size

0.3954 acres

Price per sq ft

Unknown

Year built

1962

Price History

11/04/2024
CRMLS

CRMLS #PW24141372

Price change
$3,550,000
-5.33%
07/11/2024
CRMLS

CRMLS #PW24141372

Listed
$3,750,000
+17.55%
02/14/2024
CRMLS

CRMLS #OC23012856

Sold
$3,190,000
-8.86%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ctbc Bank Corp Usa

Loan start date

November 2023

Original loan amount

$2,100,000

Est. remaining balance

Not provided

Interest rate

7.18%

Loan type

Commercial

Seller

Fc Obert 14 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 6:00 PM

Listing updated: 11/04/2024 at 1:50 PM

Listed by: Robert Stepp, Keller Williams - Santa Monica Phone #: (310) 482-2200

MLS: CRMLS #PW24141372

CRMLS logo

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