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The Greenleaf Apartment Homes 6217 Greenleaf Ave 9 Unit Apartment Building $2,650,000 ($294,444/Unit) 5.27% Cap Rate Whittier, CA 90601
INVESTMENT HIGHLIGHTS
- First Time on the Market in 40+ Years!
- Covered Parking and On-Site Laundry Available for Tenant Use
- Upside in Rental Income!
- 100% 2BD units; (3) 2BD/1.5BA and (6) 2BD/1BA
- 5.27% Current Cap Rate/6.63% Pro-Forma Cap Rate
- Proximity to historic Uptown Whittier's downtown area (1.0 Miles) , Whittier College (1.8 Miles) and the Friendly Hills Country Club (3.9 Miles)
EXECUTIVE SUMMARY
The Swanson Apartment Team of Stream Realty is thrilled to present The Greenleaf Apartment Homes; A Multi-Family Investment Opportunity in the Pride of Ownership submarket of Uptown Whittier, CA. This is the first time this property has been on the market in over 40 years. The asset boasts an excellent unit mix of 100% 2BD Units throughout, including (3) 2BD/1.5BA and (6) 2BD/1BA units. There is upside in rental income, covered parking and on-site laundry available for tenant use. Additionally, local amenities include the proximity to Whittier College (0.8 Miles), the Historic Old Town (0.8 Miles) and Friendly Hills Country Club (3.9 Miles)
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$212,508
|
$26.80
|
| Other Income |
$2,428
|
$0.31
|
| Vacancy Loss |
$6,448
|
$0.81
|
| Effective Gross Income |
$208,488
|
$26.29
|
| Taxes |
$29,714
|
$3.75
|
| Operating Expenses |
$39,189
|
$4.94
|
| Total Expenses |
$68,903
|
$8.69
|
| Net Operating Income |
$139,585
|
$17.60
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $212,508 |
| Annual Per SF | $26.80 |
| Other Income | |
|---|---|
| Annual | $2,428 |
| Annual Per SF | $0.31 |
| Vacancy Loss | |
|---|---|
| Annual | $6,448 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $208,488 |
| Annual Per SF | $26.29 |
| Taxes | |
|---|---|
| Annual | $29,714 |
| Annual Per SF | $3.75 |
| Operating Expenses | |
|---|---|
| Annual | $39,189 |
| Annual Per SF | $4.94 |
| Total Expenses | |
|---|---|
| Annual | $68,903 |
| Annual Per SF | $8.69 |
| Net Operating Income | |
|---|---|
| Annual | $139,585 |
| Annual Per SF | $17.60 |
PROPERTY FACTS
| Price | $2,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $294,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.27% | Building Size | 7,930 SF |
| Gross Rent Multiplier | 12.47 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | WHR4* | ||
| Price | $2,650,000 |
| Price Per Unit | $294,444 |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| Gross Rent Multiplier | 12.47 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,930 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1/1,000 SF |
| Zoning | WHR4* |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,933 | 800 |
| 2+1.5 | 3 | $2,036 | 850 |
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Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 8135-013-004 | Total Assessment | $1,734,180 |
| Land Assessment | $953,868 | Annual Taxes | $29,714 ($3.75/SF) |
| Improvements Assessment | $780,312 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
8135-013-004
Land Assessment
$953,868
Improvements Assessment
$780,312
Total Assessment
$1,734,180
Annual Taxes
$29,714 ($3.75/SF)
Tax Year
2024
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The Greenleaf Apartment Homes | 6217 Greenleaf Ave
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