Pending Sale

Condo/ Townhome/ Apartment

7959 Bright
Whittier, CA 90602

Directions:

East of Greenleaf Ave. South of Mar Vista St.

Last Modified: May 7

Built: 1984

County: Los Angeles

MLS #: CV26055922

$3,650,000

7959 Bright, Whittier, CA 90602


12701

SQFT

0.4559

ACRES

ABOUT

NEW PRICE: 6% CAP Rate for 1980's Construction in "Uptown" Whittier!!! Now offering a rare opportunity to acquire an 11-unit apartment community in prime North Whittier, built in 1984 and featuring large, oversized units on an expansive 19,859 sq. ft. lot. The property offers approximately 12,700 rentable square feet with an exceptional unit mix, including seven 2-Bed/2-Bath units with bonus room (ideal for a third bedroom or office), three 2-Bed/2-Bath units, and one 2-Bed/1.25-Bath townhouse-style unit, layouts that strongly appeal to today’s tenants. The asset delivers excellent cash flow from day one, now at a 6% CAP Rate and 11.6 GRM, with strong in-place rental income and additional upside potential. Residents enjoy a full suite of amenities including gated private entry, onsite garage and covered parking (2+ spaces per unit), private patios/balconies, a central courtyard, and an onsite laundry facility, supporting long-term tenant retention. With its desirable construction era, spacious unit layouts, and improved pricing, this is a standout opportunity for investors seeking immediate returns with continued rental growth in one of Whittier’s most sought-after rental markets.

FEATURES & AMENITIES

• Laundry Features: CommonArea
• Cooling: Yes.
• Cooling: WallWindowUnits
• Property Sub-Type Additional: Apartment
• Zoning: WHR3*
• Lot Features: ZeroToOneUnitAcre
• Road Surface Type: AlleyPaved
• Roof: Flat
• Fencing: WroughtIron
• Parking Features:
• Parking Total: 20
• Garage: Yes.
• Garage Spaces: 7
• Community Features: StreetLights,Sidewalks
• Association: false
• Association Fee: 0
• Utilities: ElectricityAvailable,NaturalGasAvailable,SewerAvailable,WaterAvailable
• Water Source: Public
• Sewer System: PublicSewer
Courtesy of: Kristopher German, RE/MAX 2000 REALTY (MLS# 51247)
Source MLS: CRMLS