For more information regarding the value of a property, please contact us for a free consultation.
7624 Milton AVE Whittier, CA 90602
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,785,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW24171822
Sold Date 10/22/24
Originating Board California Regional MLS
Year Built 1963
Lot Size 7,001 Sqft
Property Description
We are pleased to present the Milton Apartments, an 8-unit multi-family property located at 7624 Milton Ave in Whittier, California. Built in 1963, the subject property consists of 5,374 rentable square feet that is spread throughout a .16 acre lot. The building consists of a desirable unit mix of (4) 1-Bedroom / 1-Bathroom and (4) 2-Bedroom / 1-Bathroom units. Additionally, the property is situated with a shared laundry room, 1 open covered carport and 7 single car garages as parking spaces available for resident convenience. Whittier's continued strong rental metrics, including a 2023 vacancy rate of just 2.9 percent and year-over-year rent growth of 9.7 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents below market rates, the property represents an attractive value-add opportunity for a new owner. 7624 Milton Ave is ideally located in a vibrant and desirable area. One of its key strengths is its close proximity to Uptown Whittier, a lively district known for its historic charm, eclectic mix of shops, restaurants, and entertainment venues. This prime location provides residents and businesses with easy access to the cultural and social hub of Uptown Whittier, enhancing the appeal of t
Location
State CA
County Los Angeles
Area 670 - Whittier
Interior
Laundry Community Facility
Exterior
Garage Carport , Garage
Garage Spaces 8.0
Pool None
Building
Sewer TBD
Water District - Public
Others
Tax ID 8141014021
Special Listing Condition Not Applicable
Read Less
© 2024 MLSListings Inc. All rights reserved.
Bought with Ryan Gonzalez