Citrus Court
8121 Broadway Avenue
Whittier,
CA 90606
138 Units
Property Summary
| Price | Call for Details |
| Units | 138 |
| Year Built | 1967 |
| Rentable SF | 116,360 |
Investment Highlights
- Proven Value-Add Investment
- High Cap Rate and Solid Cash Flow with Rental Upside
- Attractive 4.84% Assumable Financing
- Centralized Location
- Not Subject to LA RSO
- Neighborhood Gentrification
Property Description
The Mogharebi Group is pleased to present the opportunity to acquire Citrus Court. Built in 1967, Citrus Court is a two- and three-story, 138-unit (including 5 non-conforming units) apartment community that is located on 8121 Broadway Avenue in Whittier, California. The property is comprised of 12 residential and two common area buildings totaling 116,360 rentable square feet. The complex is situated on a 4.98-acre site. The apartment homes feature spacious studio, one-, two-, and three-bedroom floorplans with an average size of 843 square feet. The property boasts covered parking, onsite laundry, two swimming pools, a Wi-Fi lounge, BBQs, and controlled access gates.
8121 Broadway Avenue
Whittier, CA 90606
Whittier, CA 90606
Whittier is located roughly 12 miles southeast of Los Angeles and is known as one of the gateway cities in Los Angeles County. Surrounding cities include Santa Fe Springs and Norwalk to the south as well as La Habra and La Mirada to the east. A city with a rich history dating back to the original Mexican occupation in the 1800s, Whittier has since developed into one of the more affluent and dynamic residential areas in Southern California.
Listing Advisors
Otto Ozen