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7612 Newlin Ave 6 Unit Apartment Building $2,373,064 CAD ($395,511 CAD/Unit) 3.89% Cap Rate Whittier, CA 90602
INVESTMENT HIGHLIGHTS
- Prime Whittier location surrounded by strong tenant demand
- Close proximity to Whittier College and PIH Hospital
- Newer Roof
- Single-story with parking
- New Water and Gas Pipping
- Strong Market Fundamentals- steady rental growth, high occupancy, and limited multifamily turnover make this a reliable long-term investment.
EXECUTIVE SUMMARY
We are pleased to present 7612 Newlin Avenue, a single-story, six-studio multifamily property located in the heart of Whittier. Built in 1959, the property offers approximately 1,975 square feet of rentable space on a 7,011-square-foot lot zoned WHR4*, providing strong fundamentals and excellent value-add potential through continued upgrades and improvements.
Over the past year, more than half of the units have been renovated, featuring new flooring, fresh paint, updated faucets, and baseboards—enhancing both functionality and tenant appeal. The property has also undergone significant capital improvements, including new gas piping, a complete copper repipe of the water lines, a new electrical panel, and roof updates within the last two years.
With only a few remaining units left to modernize, 7612 Newlin Avenue offers investors an attractive blend of stabilized income and remaining upside, making it a compelling opportunity in one of Whittier’s most desirable and resilient rental markets.
Over the past year, more than half of the units have been renovated, featuring new flooring, fresh paint, updated faucets, and baseboards—enhancing both functionality and tenant appeal. The property has also undergone significant capital improvements, including new gas piping, a complete copper repipe of the water lines, a new electrical panel, and roof updates within the last two years.
With only a few remaining units left to modernize, 7612 Newlin Avenue offers investors an attractive blend of stabilized income and remaining upside, making it a compelling opportunity in one of Whittier’s most desirable and resilient rental markets.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,373,064 CAD | Building Class | C |
| Price Per Unit | $395,511 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 1,975 SF |
| Cap Rate | 3.89% | No. Stories | 1 |
| No. Units | 6 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 3.03/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | WHR4* - Multiple Dwelling | ||
| Price | $2,373,064 CAD |
| Price Per Unit | $395,511 CAD |
| Sale Type | Investment |
| Cap Rate | 3.89% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,975 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 3.03/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | WHR4* - Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 329 |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 8141-015-010 | Improvements Assessment | $503,155 CAD |
| Land Assessment | $821,279 CAD | Total Assessment | $1,324,434 CAD |
PROPERTY TAXES
Parcel Number
8141-015-010
Land Assessment
$821,279 CAD
Improvements Assessment
$503,155 CAD
Total Assessment
$1,324,434 CAD
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7612 Newlin Ave
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