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11244 La Mirada Blvd 5 Unit Apartment Building $1,250,000 ($250,000/Unit) 4.18% Cap Rate Whittier, CA 90604
INVESTMENT HIGHLIGHTS
- Attractive Unit Mix: (1) 3-Bed/3-Bath (Two-Story) & (4) 2-Bed/2-Bath Units (One Unit w/ Private Backyard)
- On-Site Laundry | Each Unit Separately Metered for Gas & Electricity
- 30% Upside in Rental Income
- Built in 1977 - Low Maintenance Vintage
- Ample Parking: (4) 2-Car Garages & (2) 1-Car Garages
- SB-721 Compliant
EXECUTIVE SUMMARY
Offered for the first time in over 25 years, we are pleased to present 11244 La Mirada Boulevard a 5-unit multifamily investment opportunity located in the highly desirable East Whittier rental market. Built in 1977, the property features a strong unit mix of one spacious 3-Bed/3-Bath two-story townhouse-style unit and four large 2-Bed/2-Bath units, including one downstairs unit with a private backyard. Tenants benefit from ample parking with four 2-car garages and two 1-car garages, along with an on-site community laundry room. The property is SB-721 compliant and provides investors with 30% rental upside potential in a supply-constrained, high-demand location. Subject to Los Angeles County Rent Stabilization Program.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$105,672
|
$22.30
|
| Other Income |
$480
|
$0.10
|
| Vacancy Loss |
$3,170
|
$0.67
|
| Effective Gross Income |
$102,982
|
$21.73
|
| Taxes |
$15,884
|
$3.35
|
| Operating Expenses |
$34,801
|
$7.34
|
| Total Expenses |
$50,685
|
$10.70
|
| Net Operating Income |
$52,297
|
$11.04
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $105,672 |
| Annual Per SF | $22.30 |
| Other Income | |
|---|---|
| Annual | $480 |
| Annual Per SF | $0.10 |
| Vacancy Loss | |
|---|---|
| Annual | $3,170 |
| Annual Per SF | $0.67 |
| Effective Gross Income | |
|---|---|
| Annual | $102,982 |
| Annual Per SF | $21.73 |
| Taxes | |
|---|---|
| Annual | $15,884 |
| Annual Per SF | $3.35 |
| Operating Expenses | |
|---|---|
| Annual | $34,801 |
| Annual Per SF | $7.34 |
| Total Expenses | |
|---|---|
| Annual | $50,685 |
| Annual Per SF | $10.70 |
| Net Operating Income | |
|---|---|
| Annual | $52,297 |
| Annual Per SF | $11.04 |
PROPERTY FACTS Under Contract
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.18% | Building Size | 4,739 SF |
| Gross Rent Multiplier | 11.78 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Zoning | LCR325U* | ||
| Price | $1,250,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 4.18% |
| Gross Rent Multiplier | 11.78 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,739 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | LCR325U* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Tub/Shower
- Yard
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | $1,564 | - |
| 3+3 | 1 | $2,552 | - |
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PROPERTY TAXES
| Parcel Number | 8228-030-036 | Total Assessment | $537,166 |
| Land Assessment | $183,822 | Annual Taxes | $15,884 ($3.35/SF) |
| Improvements Assessment | $353,344 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
8228-030-036
Land Assessment
$183,822
Improvements Assessment
$353,344
Total Assessment
$537,166
Annual Taxes
$15,884 ($3.35/SF)
Tax Year
2025
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11244 La Mirada Blvd
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