Description
Mulberry Apartments is a 25-unit multifamily investment opportunity located in Whittier, CA. Built in 1950, 1956, and 1959, Mulberry Apartments offers a desirable mix of one, two, and three-bedroom units and amenities including a spacious courtyard, a swimming pool, controlled access, ample carport and surface parking, security doors, and an on-site laundry facility. Additionally, 4 of the units have been renovated and feature fresh paint, vinyl plank flooring, granite countertops, and ceiling fans, which has allowed current ownership to achieve a rental premium over non-renovated units. Furthermore, a new owner could potentially increase rental income through the continuation of the in-place renovation plan. Mulberry Apartments benefits from its fantastic Whittier location, surrounded by single-family residential neighborhoods and in close proximity to attractive area amenities. Residents enjoy the propertys walkable access to Mulberry Elementary School and California High School, as well as a Stater Bros. Market and CVS Pharmacy. Additionally, Mulberry Apartments is located a short drive from an abundance of major retail destinations along Whittier Boulevard. Given the strong market dynamics and the propertys upside potential, Mulberry Apartments is well suited to provide a new investor with strong returns and value appreciation.
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0BEDS
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0.96ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Mulberry Apartments is a 25-unit multifamily investment opportunity located in Whittier, CA. Built in 1950, 1956, and 1959, Mulberry Apartments offers a desirable mix of one, two, and three-bedroom units and amenities including a spacious courtyard, a swimming pool, controlled access, ample carport and surface parking, security doors, and an on-site laundry facility. Additionally, 4 of the units have been renovated and feature fresh paint, vinyl plank flooring, granite countertops, and ceiling fans, which has allowed current ownership to achieve a rental premium over non-renovated units. Furthermore, a new owner could potentially increase rental income through the continuation of the in-place renovation plan. Mulberry Apartments benefits from its fantastic Whittier location, surrounded by single-family residential neighborhoods and in close proximity to attractive area amenities. Residents enjoy the propertys walkable access to Mulberry Elementary School and California High School, as well as a Stater Bros. Market and CVS Pharmacy. Additionally, Mulberry Apartments is located a short drive from an abundance of major retail destinations along Whittier Boulevard. Given the strong market dynamics and the propertys upside potential, Mulberry Apartments is well suited to provide a new investor with strong returns and value appreciation.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T20:34:03.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.