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20 Units | 1972 Built | Trophy Investment 11447 Broadway 20 Unit Apartment Building $6,250,000 ($312,500/Unit) Whittier, CA 90601
INVESTMENT HIGHLIGHTS
- First time for sale in over 50 years, a rare 20-unit multifamily investment opportunity located in the rapidly transforming City of Whittier
- ONE (2 Bed + 1.75 Bath manager’s unit), FIFTEEN (2 Bed + 1.5 Bath Town-Home Style units), THREE (1 Bed + 1 Bath units), ONE (3 Bed + 1 Bath SFR) Unit
- With a Walk Score of 83 ("Very Walkable"), tenants enjoy convenient access to the retail and dining amenities along Whittier Boulevard
- Built in 1972, this well-maintained property offers an ideal mix of mostly two-story townhome-style apartments
- The property is professionally managed and features secured entry, a community pool, and an on-site laundry facility
- Each unit is equipped with central air and heat, and residents benefit from both garage and open parking options
EXECUTIVE SUMMARY
We are pleased to present, for the first time in over 50 years, a rare 20-unit multifamily investment opportunity located in the rapidly transforming City of Whittier. Built in 1972, this well-maintained property offers an ideal mix of mostly two-story townhome-style apartments, with a total unit composition as follows: (1) Two-Bedroom + 1.75-Bath Manager's Unit, (15) Two-Bedroom + 1.5-Bath Townhome-Style Units, (3) One-Bedroom + One-Bath Units, (1) Three-Bedroom + One-Bath Single-Family Residence (originally built in 1946). The property is professionally managed and features secured entry, a community pool, and an on-site laundry facility. Each unit is equipped with central air and heat, and residents benefit from both garage and open parking options. With a Walk Score of 83 ("Very Walkable"), tenants enjoy convenient access to the retail and dining amenities along Whittier Boulevard. The property has also received numerous recent capital improvements, details available upon request. Governed only by the AB 1482 statewide rent ordinance (no local rent control), this is an excellent opportunity for investors seeking a stable asset for a portfolio expansion or a strategic 1031 exchange. Don't miss this exceptional offering, contact us today for more information! Please do not disturb occupants. Do not walk on the property or engage with tenants regarding the sale, tenants are not aware the property is on the market. Direct all inquiries to the listing agent. The single family home has it's own address as 6047 Palm Ave (Built in 1946) while the other 19 units are under 11447 Broadway Ave (Built in 1972). For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact the listing agent. There are no Showings, please submit an offer subject to inspection. To explore the property/area, please check out the video.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$502,560
|
$24.76
|
| Other Income |
$7,800
|
$0.38
|
| Vacancy Loss |
$15,311
|
$0.75
|
| Effective Gross Income |
$495,049
|
$24.39
|
| Taxes |
$77,448
|
$3.81
|
| Operating Expenses |
$145,973
|
$7.19
|
| Total Expenses |
$223,421
|
$11.01
|
| Net Operating Income |
$271,628
|
$13.38
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $502,560 |
| Annual Per SF | $24.76 |
| Other Income | |
|---|---|
| Annual | $7,800 |
| Annual Per SF | $0.38 |
| Vacancy Loss | |
|---|---|
| Annual | $15,311 |
| Annual Per SF | $0.75 |
| Effective Gross Income | |
|---|---|
| Annual | $495,049 |
| Annual Per SF | $24.39 |
| Taxes | |
|---|---|
| Annual | $77,448 |
| Annual Per SF | $3.81 |
| Operating Expenses | |
|---|---|
| Annual | $145,973 |
| Annual Per SF | $7.19 |
| Total Expenses | |
|---|---|
| Annual | $223,421 |
| Annual Per SF | $11.01 |
| Net Operating Income | |
|---|---|
| Annual | $271,628 |
| Annual Per SF | $13.38 |
PROPERTY FACTS
| Price | $6,250,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 20,301 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Low-Rise | Parking Ratio | 1.77/1,000 SF |
| Zoning | WHR4* | ||
| Price | $6,250,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 20,301 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | WHR4* |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $2,900 | 1 |
| 2+2 | 1 | $1,353 | 1 |
| 2+1.5 | 15 | $2,138 | 1 |
| 1+1 | 3 | $1,725 | 1 |
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 8132-029-035 | Total Assessment | $751,681 (2025) |
| Land Assessment | $104,417 (2025) | Annual Taxes | $77,448 ($3.81/SF) |
| Improvements Assessment | $647,264 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
8132-029-035
Land Assessment
$104,417 (2025)
Improvements Assessment
$647,264 (2025)
Total Assessment
$751,681 (2025)
Annual Taxes
$77,448 ($3.81/SF)
Tax Year
2024
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20 Units | 1972 Built | Trophy Investment | 11447 Broadway
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