Whittier Palms & Yucca Apartments

Investment Overview

Morgan Skenderian is pleased to present the Whittier Palms & Yucca Apartments, a rare opportunity to purchase a 27-unit apartment building with an excellent unit mix for $207,407 per unit. The property has excellent visibility on the main thoroughfare of Norwalk Boulevard and offers a new owner a true value-add opportunity to improve property aesthetics and increase future income. The property offers a landscaped interior-courtyard, covered parking for every unit, air conditioning units and laundry facilities. With the property being located in Unincorporated Los Angeles County the property is subject to a county Rent Stabilization Ordinance (RSO), which is a local law setting the maximum annual rent increases to an annual cap of 3% and provides tenants protections from evictions without just cause.

Investment Highlights

• Priced at $207,407 per Unit
• Mix of Studio, 1 & 2-Bedroom Units
• Excellent Rental Location on Norwalk Boulevard
• Substantial Rental Upside & Value-Add
• Side-by-Side 18 & 9-Unit Parcels