7624 Milton Avenue
$1,785,000
3
8
5,374
5,374
$332
Closed 10/22/24
Description
We are pleased to present the Milton Apartments, an 8-unit multi-family property located at 7624 Milton Ave in Whittier, California. Built in 1963, the subject property consists of 5,374 rentable square feet that is spread throughout a .16 acre lot. The building consists of a desirable unit mix of (4) 1-Bedroom / 1-Bathroom and (4) 2-Bedroom / 1-Bathroom units. Additionally, the property is situated with a shared laundry room, 1 open covered carport and 7 single car garages as parking spaces available...We are pleased to present the Milton Apartments, an 8-unit multi-family property located at 7624 Milton Ave in Whittier, California. Built in 1963, the subject property consists of 5,374 rentable square feet that is spread throughout a .16 acre lot. The building consists of a desirable unit mix of (4) 1-Bedroom / 1-Bathroom and (4) 2-Bedroom / 1-Bathroom units. Additionally, the property is situated with a shared laundry room, 1 open covered carport and 7 single car garages as parking spaces available for resident convenience. Whittier’s continued strong rental metrics, including a 2023 vacancy rate of just 2.9 percent and year-over-year rent growth of 9.7 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents below market rates, the property represents an attractive value-add opportunity for a new owner.
7624 Milton Ave is ideally located in a vibrant and desirable area. One of its key strengths is its close proximity to Uptown Whittier, a lively district known for its historic charm, eclectic mix of shops, restaurants, and entertainment venues. This prime location provides residents and businesses with easy access to the cultural and social hub of Uptown Whittier, enhancing the appeal of the area. Additionally, the location offers excellent connectivity to major freeways and public transportation, making commutes and travel convenient. This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.
7624 Milton Ave is ideally located in a vibrant and desirable area. One of its key strengths is its close proximity to Uptown Whittier, a lively district known for its historic charm, eclectic mix of shops, restaurants, and entertainment venues. This prime location provides residents and businesses with easy access to the cultural and social hub of Uptown Whittier, enhancing the appeal of the area. Additionally, the location offers excellent connectivity to major freeways and public transportation, making commutes and travel convenient. This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.
- Listed by Ryan Gonzalez • DRE #01874815 • Brokerage DRE #00530854 • Marcus & Millichap • rgonzalez@marcusmillichap.com
Property Details for 7624 Milton Avenue
Parking Spaces Total
8
Private PoolNo
Total Units8.0
Building TypeAttached
Lot Size SourceAssessor
Living Area5374
Assessor Parcel Number8141-014-021
Property Attached YNtrue
LISTING UPDATED: 10/22/2024 10:09 AM
Property Details for 7624 Milton Avenue
Status | Closed |
---|---|
MLS # | PW24171822 |
Days on Market | 31 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
County | Los Angeles County |
Building Information for 7624 Milton Avenue
Building/Complex7624 Milton AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1963Building Size-
Property Information for 7624 Milton Avenue
Property History for 7624 Milton Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7624 Milton Avenue
Taxable ValueLand$744,877Additions$500,335Total$1,245,212
Tax Record2024$16,934 ($1,411 / month)
Home Facts
Total Finished SqFt5,374 SqFtAbove Grade Finished SqFt5,374 SqFtLot Size7,001 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningWHR4*CountyLOS ANGELESAPN8141-014-021
Schools near 7624 Milton Avenue
This home is within Whittier City Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lydia Jackson Elementary School PublicK to 5 | ||
Walter F. Dexter Middle School Public6 to 8 | ||
Whittier High School Public9 to 12 | ||
Sierra Vista High (Alternative) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.