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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

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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)

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
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
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 34952783

  • Date on Market: 2025-02-26

  • Last Updated:

  • Address: 7353 Comstock Ave, Whittier, CA 90602

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