Whittier, CA 90602,7624 Milton AVE
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Whittier, CA 90602,7624 Milton AVE
Whittier, CA 90602,7624 Milton AVE
Whittier, CA 90602,7624 Milton AVE
Whittier, CA 90602,7624 Milton AVE

$1,785,000

Est. payment /mo

$1,750,000

2.0%
Est.Price: ?

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7624 Milton AVE Whittier, CA 90602

7,001 Sqft Lot

SOLD DATE : 10/22/2024

Key Details

Sold Price $1,785,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24171822

Year Built 1963

Lot Size 7,001 Sqft

Property Description

We are pleased to present the Milton Apartments, an 8-unit multi-family property located at 7624 Milton Ave in Whittier, California. Built in 1963, the subject property consists of 5,374 rentable square feet that is spread throughout a .16 acre lot. The building consists of a desirable unit mix of (4) 1-Bedroom / 1-Bathroom and (4) 2-Bedroom / 1-Bathroom units. Additionally, the property is situated with a�shared laundry room, 1 open covered carport and 7 single car garages as parking spaces available for resident convenience. Whittier's continued strong rental metrics, including a 2023 vacancy rate of just 2.9 percent and year-over-year rent growth of 9.7 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents below market rates, the property represents an attractive value-add opportunity for a new owner. 7624 Milton Ave is ideally located in a vibrant and desirable area. One of its key strengths is its close proximity to Uptown Whittier, a lively district known for its historic charm, eclectic mix of shops, restaurants, and entertainment venues. This prime location provides residents and businesses with easy access to the cultural and social hub of Uptown Whittier, enhancing the appeal of t

Location

State CA

County Los Angeles

Area 670 - Whittier

Interior

Laundry Community Facility

Exterior

Garage Carport , Garage

Garage Spaces 8.0

Pool None

Building

Sewer TBD

Water District - Public

Others

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Ryan Gonzalez • Marcus & Millichap
Bought with Ryan Gonzalez

The Walker Team

Agent | License ID: 01244287

+1(650) 383-7298

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