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6% CAP Rate | 1980s Built | HUGE 2Bed/2Baths 7959 Bright Ave 11 Unit Apartment Building $4,984,659 CAD ($453,151 CAD/Unit) 6.01% Cap Rate Whittier, CA 90602
Investment Highlights
- Large two-bedroom floor plans, some including office space, appeal to tenants seeking extra functionality.
- Attractive outdoor communal areas with landscaping and private patios enhance livability.
- Secure gated entry, covered parking, and garages with two spaces per unit create operational convenience.
- In-place rents provide immediate cash flow with clear room for growth based on current market positioning.
- Located in an established Whittier submarket with strong household income and limited new construction.
Executive Summary
NEW PRICE: 6% CAP Rate for 1980's Construction in "Uptown" Whittier!!! Now offering a rare 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 approximately 12,700 rentable square feet with an exceptional unit mix, including seven 2-Bed/2-Bath units with bonus room (ideal for a third bedroom or office), three 2-Bed/2-Bath units, and one 2-Bed/1.25-Bath townhouse-style unit, layouts that strongly appeal to today’s tenants.
The asset delivers excellent cash flow from day one, now at a 6% CAP Rate and 11.6 GRM, with strong in-place rental income and additional upside potential. Residents enjoy a full suite of amenities including gated private entry, onsite garage and covered parking (2+ spaces per unit), private patios/balconies, a central courtyard, and an onsite laundry facility, supporting long-term tenant retention.
With its desirable construction era, spacious unit layouts, and improved pricing, this is a standout opportunity for investors seeking immediate returns with continued rental growth in one of Whittier’s most sought-after rental markets.
The asset delivers excellent cash flow from day one, now at a 6% CAP Rate and 11.6 GRM, with strong in-place rental income and additional upside potential. Residents enjoy a full suite of amenities including gated private entry, onsite garage and covered parking (2+ spaces per unit), private patios/balconies, a central courtyard, and an onsite laundry facility, supporting long-term tenant retention.
With its desirable construction era, spacious unit layouts, and improved pricing, this is a standout opportunity for investors seeking immediate returns with continued rental growth in one of Whittier’s most sought-after rental markets.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$429,773
|
$33.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,893
|
$1.02
|
| Effective Gross Income |
$416,880
|
$32.82
|
| Taxes |
$58,482
|
$4.60
|
| Operating Expenses |
$58,781
|
$4.63
|
| Total Expenses |
$117,262
|
$9.23
|
| Net Operating Income |
$299,618
|
$23.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $429,773 |
| Annual Per SF | $33.84 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,893 |
| Annual Per SF | $1.02 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $416,880 |
| Annual Per SF | $32.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $58,482 |
| Annual Per SF | $4.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $58,781 |
| Annual Per SF | $4.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $117,262 |
| Annual Per SF | $9.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $299,618 |
| Annual Per SF | $23.59 |
Property Facts
| Price | $4,984,659 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $453,151 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.01% | Building Size | 12,701 SF |
| Gross Rent Multiplier | 11.6 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.73/1,000 SF |
| Zoning | WHR3* | ||
| Price | $4,984,659 CAD |
| Price Per Unit | $453,151 CAD |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 11.6 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 12,701 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | WHR3* |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | 800 |
| 2+2 | 10 | - | 1,155 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8141-029-025 | Total Assessment | $3,939,152 CAD |
| Land Assessment | $2,363,493 CAD | Annual Taxes | $58,482 CAD ($4.60 CAD/SF) |
| Improvements Assessment | $1,575,659 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
8141-029-025
Land Assessment
$2,363,493 CAD
Improvements Assessment
$1,575,659 CAD
Total Assessment
$3,939,152 CAD
Annual Taxes
$58,482 CAD ($4.60 CAD/SF)
Tax Year
2025
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6% CAP Rate | 1980s Built | HUGE 2Bed/2Baths | 7959 Bright Ave
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