Property Detail

Description

Introducing a rare, well-maintained fourplex in one of Whittier's most sought-after residential corridors. This income-producing property offers a strong unit mix of one 3-bedroom/2-bathroom unit and three 2-bedroom/1-bathroom units, providing investors with dependable cash flow, long-term tenant stability, and meaningful upside potential — all in a pride-of-ownership package that's ready for a smooth transition of ownership. This property is well-suited as a 1031 exchange replacement property. Its stabilized income, low deferred maintenance, and hands-off management profile make it an efficient landing spot for investors looking to roll equity out of another property while deferring capital gains, without taking on a heavy value-add project. All four units are occupied by long-term tenants, giving the property an established rental history and minimal turnover. Current rents sit below market, creating a clear and achievable path to increased income over time as leases turn or rents are adjusted, and with no local rent control ordinance in place, owners retain full flexibility to set rents at market rate. The long tenancy and consistent payment history also make this an easy property to self-manage, without the overhead of a professional management company. The building has been consistently cared for and reflects true turn-key condition. Recent improvements include a newer roof, a major capital expense already addressed, and updated kitchens in each of the four units, improving tenant satisfaction and reducing make-ready costs at turnover. A whole-complex water softener system is a rare and valued amenity that benefits all units and appliances, while an on-site laundry room generates additional monthly revenue beyond base rents. Each unit also comes with its own individual garage, adding both tenant convenience and rent-premium potential. Situated in a well-established Whittier neighborhood close to the area's newer retail and shopping developments, tenants enjoy convenient access to shopping, dining, and everyday amenities. Whittier continues to be a desirable rental market for its community feel, proximity to Los Angeles and Orange County job centers, and consistent tenant demand. This is a compelling opportunity for 1031 exchange buyers, first-time multifamily investors, or seasoned portfolio owners seeking a stabilized, easy-to-manage asset with built-in rent growth potential in a strong Whittier location. Contact listing agent for details.