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7032 Washington Ave 8 Unit Apartment Building $2,260,861 CAD ($282,608 CAD/Unit) 6.43% Cap Rate Whittier, CA 90602
Investment Highlights
- Excellent location near Whittier College
- Spanish style - gorgeous building
- ADU opportunities
Executive Summary
Situated in the bustling Uptown Whittier area, 7032 Washington Ave is an exceptional 8-unit multi-family property offering an incredible investment opportunity. This prime location ensures strong tenant appeal with its proximity to boutique shops, trendy restaurants, and entertainment options. Just minutes from Whittier College and local parks, the property blends urban convenience with a community-focused atmosphere. With its desirable location and steady rental potential, this building is a standout addition to any investment portfolio.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$219,001
|
$23.87
|
| Other Income |
$576
|
$0.06
|
| Vacancy Loss |
$6,587
|
$0.72
|
| Effective Gross Income |
$212,990
|
$23.21
|
| Taxes |
$34,878
|
$3.80
|
| Operating Expenses |
$45,826
|
$4.99
|
| Total Expenses |
$80,704
|
$8.80
|
| Net Operating Income |
$132,286
|
$14.42
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $219,001 |
| Annual Per SF | $23.87 |
| Other Income (CAD) | |
|---|---|
| Annual | $576 |
| Annual Per SF | $0.06 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,587 |
| Annual Per SF | $0.72 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $212,990 |
| Annual Per SF | $23.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $34,878 |
| Annual Per SF | $3.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $45,826 |
| Annual Per SF | $4.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $80,704 |
| Annual Per SF | $8.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $132,286 |
| Annual Per SF | $14.42 |
Property Facts Under Contract
| Price | $2,260,861 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $282,608 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.43% | Building Size | 9,176 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.4 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1929 |
| Property Type | Multifamily | Parking Ratio | 2.13/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | WHR4 - Residential 4, multi-family, apartment buildings | ||
| Price | $2,260,861 CAD |
| Price Per Unit | $282,608 CAD |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.4 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,176 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | WHR4 - Residential 4, multi-family, apartment buildings |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,313 CAD | - |
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Walk Score®
Walker's Paradise (97)
Property Taxes
| Parcel Number | 8139-020-043 | Total Assessment | $736,490 CAD (2025) |
| Land Assessment | $152,634 CAD (2025) | Annual Taxes | $34,878 CAD ($3.80 CAD/SF) |
| Improvements Assessment | $583,856 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
8139-020-043
Land Assessment
$152,634 CAD (2025)
Improvements Assessment
$583,856 CAD (2025)
Total Assessment
$736,490 CAD (2025)
Annual Taxes
$34,878 CAD ($3.80 CAD/SF)
Tax Year
2024
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7032 Washington Ave
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