Properties
Whittier, CA 90602 7959 Bright
$3,800,000
6 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Baths • 1
SQFT • 12,701
Garage • 7
Home Details
We are pleased to offer for sale this exceptional opportunity to acquire an 11-unit apartment community in prime North Whittier, built in 1984 and featuring large, oversized units on an expansive 19,859 sq. ft. lot. The property offers 12,700 rentable square feet with a highly desirable unit mix consisting of seven 2-Bed/2-Bath + Office units, three 2-Bed/2-Bath units, and one 2-Bed/1.25-Bath unit, providing spacious layouts that appeal to tenants.
Residents enjoy a gated private entry, lush landscaped courtyard, and the convenience of onsite garage and covered parking with two or more spaces per unit. Additional amenities include private patios or balconies and an onsite laundry facility, enhancing tenant comfort and retention. The property currently operates at a 5.7% CAP Rate and 12 GRM with excellent in-place rental rates and room for future increases, presenting investors with both stable income and continued growth potential. Situated in a highly desirable North Whittier location, this well-maintained asset offers strong rental demand and long-term investment appeal.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 7959 Bright
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 7959 Bright
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.77
Carport Spaces13
Carport Y/NYes
CityWhittier
Community FeaturesStreet Lights, Sidewalks
CoolingWall/Window Unit(s)
CountyLos Angeles
Current FinancingNone
DirectionsEast of Greenleaf Ave. South of Mar Vista St.
Electric Expense1200
Entry Location1
Fuel Expense5200
Garage Spaces7
Garage Y/NYes
Gross Income314700
HOANo
HOA Fee$
HeatingNone
Insurance Expense6870
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan
Lot Size Square Feet19859
Lot Size UnitsSquare Feet
MLS Area670 - Whittier
MaintenanceExpense8250
Net Operating Income217604
New ConstructionNo
Number Of Units Total11
Operating Expense87655
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityWHITTIER
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofFlat
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot8141
Taxes$44,583
Tenant PaysElectricity, Gas
Trash Expense5140
UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
ViewNone
Water Sewer Expense14212
Year Built1984
Year Built SourceAssessor
ZoningWHR3*
Exterior for 7959 Bright
Building Area Total12701
FencingWrought Iron
Lot Features0-1 Unit/Acre
Lot Size Acres0.4559
Lot Size Area19859
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters1
Parking FeaturesAssigned, Carport, Door-Single, Garage
Private PoolNo
Road Surface TypeAlley Paved
SpaNo
Total Parking20
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
