7739 Bradwell Ave, Whittier, CA 90606

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Listing courtesy of Listing Agent: Tyler Leeson (949-419-3326) from Listing Office: Marcus & Millichap RE Invest.

List Price
$11,500,000
Status
ACTIVE UNDER CONTRACT
Days on Market
32
MLS#
OC26180269
Subtype
Residential Income
Bedrooms
5
Bathrooms
5
Lot Size
158,122
Acres
3.63

Property Description

Whittier West Apartments is a 55-unit multifamily investment opportunity located at 7735 & 7739 Bradwell Avenue in unincorporated Los Angeles County with a Whittier mailing address. The property presents a rare opportunity to pursue a comprehensive value-add strategy at a multifamily asset of this scale and late-1980s vintage. The bulk of the property was constructed in 1988 as a two-story, garden-style community and is complemented by a detached single-family house built in 1950. Whittier West features a unit mix of 14 one-bed/one-bath units, 40 two-bed/two-bath units, and 1 two-bed/two-bath house. Units include private patios or balconies, central air conditioning, ceiling fans, dishwashers, and generous closet space. Community amenities include gated access, a swimming pool and spa, on-site laundry facilities, and ample parking. A new owner may have the opportunity to achieve a substantial increase in rental income through a comprehensive renovation and repositioning program. Potential improvements include upgrading unit interiors, enhancing the pool deck and outdoor furniture, installing built-in stainless-steel BBQs, and refreshing other common-area amenities. Repositioning the propertys branding through a new monument sign and an improved online presence could further strengthen its market position and support efforts to capture higher rents. The scope, timing, cost, and financial results of any improvements would remain subject to market conditions, regulatory requirements, and the new owners execution. Whittier West is situated in the Los Nietos neighborhood, an est Whittier West Apartments is a 55-unit multifamily investment opportunity located at 7735 & 7739 Bradwell Avenue in unincorporated Los Angeles County with a Whittier mailing address. The property presents a rare opportunity to pursue a comprehensive value-add strategy at a multifamily asset of this scale and late-1980s vintage. The bulk of the property was constructed in 1988 as a two-story, garden-style community and is complemented by a detached single-family house built in 1950. Whittier West features a unit mix of 14 one-bed/one-bath units, 40 two-bed/two-bath units, and 1 two-bed/two-bath house. Units include private patios or balconies, central air conditioning, ceiling fans, dishwashers, and generous closet space. Community amenities include gated access, a swimming pool and spa, on-site laundry facilities, and ample parking. A new owner may have the opportunity to achieve a substantial increase in rental income through a comprehensive renovation and repositioning program. Potential improvements include upgrading unit interiors, enhancing the pool deck and outdoor furniture, installing built-in stainless-steel BBQs, and refreshing other common-area amenities. Repositioning the propertys branding through a new monument sign and an improved online presence could further strengthen its market position and support efforts to capture higher rents. The scope, timing, cost, and financial results of any improvements would remain subject to market conditions, regulatory requirements, and the new owners execution. Whittier West is situated in the Los Nietos neighborhood, an established residential area supported by nearby commercial and light-industrial employment. Residents benefit from immediate access to the Norwalk Boulevard retail corridor, neighborhood parks, and regional freeway connections to employment centers throughout Los Angeles and Orange Counties. Nearby Uptown Whittier serves as the areas principal lifestyle, retail, and business district, offering boutique shopping, restaurants, breweries, Whittier Village Cinemas, a weekly farmers market, and a concentration of professional, medical, and civic uses.

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