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7353 Comstock Ave 10 Unit Apartment Building $3,838,780 CAD ($383,878 CAD/Unit) 5.40% Cap Rate Whittier, CA 90602



INVESTMENT HIGHLIGHTS
- Upside in Rents + Assumable Loan
- First Building to Complete Seismic Retrofit in the City of Whittier, (New Roof being Installed June 2025)
- Separately Metered for Gas and Elec for the 8 units and Master Metered for elect for ADUs + RUBS in place for water
- Two Brand New Completed ADUs at an Approximate cost of$250,000 (2022)
- 2018 Renovation at an Approximate cost of $80,000
- Individual Water Heaters in 8 Units and Tankless Water Heaters in ADUs
EXECUTIVE SUMMARY
The subject was originally an eight-unit apartment complex located at 7353 Comstock Avenue in the City of Whittier, Los Angeles County, California. The two-story improvement was built in 1956 of wood frame and stucco construction, renovated in 2018. The building comprises 5,600± net rent-able square feet situated on a 7,001± square foot lot. Updated, renovated items include: five of the subject unit interiors were renovated with paint, luxury vinyl planks, tile and carpet, renovated kitchens including new cabinets, granite or quartz counter, sinks, fixtures, tile showers surround, sinks fixtures, light fixtures window blinds and four new wall mounted AC units. The complex features a secured entry and common laundry. The current ownership has added in (2022) two brand new 350 SF studio ADUs and has completed the seismic retrofit of the tucked under parking spaces. Currently the property consists of eight 1-bedroom/1-bath plus two studios. Units D and H are corner units and each feature a private balcony.
There are 12 parking spaces including 4 open, 4 tucked under and 4 Tandems. (New roof installed July 2025, 30 Year materials/10 Year Labor warranty)
There are 12 parking spaces including 4 open, 4 tucked under and 4 Tandems. (New roof installed July 2025, 30 Year materials/10 Year Labor warranty)
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,838,780 CAD | Apartment Style | Garden |
| Price Per Unit | $383,878 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.40% | Building Size | 5,600 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.19 | No. Stories | 2 |
| No. Units | 10 | Year Built/Renovated | 1956/2022 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | WHR3* - Multifamily WH City of Whittier | ||
| Price | $3,838,780 CAD |
| Price Per Unit | $383,878 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.19 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2022 |
| Opportunity Zone |
Yes |
| Zoning | WHR3* - Multifamily WH City of Whittier |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Granite Countertops
- Oven
- Range
- Porch
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $2,527 CAD | 350 |
| 1+1 | 8 | $2,596 CAD | 600 - 650 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 8141-007-011 | Total Assessment | $2,584,342 CAD |
| Land Assessment | $1,477,132 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,107,210 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
8141-007-011
Land Assessment
$1,477,132 CAD
Improvements Assessment
$1,107,210 CAD
Total Assessment
$2,584,342 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025 Payable 2025
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7353 Comstock Ave
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