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$ 2,050,000
Est. payment | /mo
6 Beds
4 Baths
$ 2,050,000
Est. payment | /mo
6 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25029849
Bedrooms 6
Property Sub-Type Res Income 2-4 Units
Property Description
7757 Comstock Avenue is an 8-unit multifamily investment property located in Whittier, California. Situated on a 0.16-acre lot, 7757 Comstock Avenue offers a diverse mix consisting of one, two, and three-bedroom floor plans. Amenities at the property include an on-site laundry facility as well as ample garage and tuck-under parking. Situated just north of Whittier Avenue, 7757 Comstock Avenue places residents blocks away from a plethora of shops, restaurants, and entertainment destinations in Uptown Whittier. The property is within half-a-mile of PIH Health Whitter Hospital, the top employer in the city with 3,500 physicians and staff members. Additionally, 7757 Comstock Avenue is located just over 0.50 miles from Whittier College, an economic and housing driver for the area. Furthermore, residents enjoy the properties close proximity to an abundance of everyday needs at the Quad at Whittier and The Groves, a recently developed 150,000+ square foot retail center. The Whittier submarket is among the strongest performing areas in Los Angeles County, with an average occupancy of 97 percent (Q2 2024) and a projected average effective rent increase of 5.0 percent (year-over-year through 2028), demonstrating the strong demand for rental housing. With current rents well below market, a new owner has the potential to modernize interiors and enhance exterior aesthetics, capitalizing on strong tenant demand for upgraded living spaces. Recent market data confirms the continued demand for well-located workforce housing, making this an attractive, cash-flowing opportunity with immediate
Location
State CA
County Los Angeles
Zoning Assessor
Direction Cross Streets of Comstock Avenue & Walnut Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 8141024014
Listed by Tyler Leeson Marcus & Millichap RE Invest
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