Whittier Palms & Yucca Apartments

Discover the charm of Whittier, CA, with its tree-lined streets and family-friendly atmosphere. The area surrounding the property is known for its convenient access to local amenities, including the vibrant Whittier Quad shopping center, popular dining spots like The Rusty Monk, and outdoor recreation at Whittier Narrows Nature Center. Families will appreciate the proximity to acclaimed schools, while young professionals will enjoy easy commuting via nearby major highways and public transportation. The thriving local community and proximity to points of interest make Whittier an attractive location for multifamily investors seeking a prime Southern California investment opportunity.Morgan Skenderian is pleased to present the Whittier Palms & Yucca Apartments, a rare opportunity to purchase a 27-unit apartment building with an excellent unit mix for $207,407 per unit. The property has excellent visibility on the main thoroughfare of Norwalk Boulevard and offers a new owner a true value-add opportunity to improve property aesthetics and increase future income. The property offers a landscaped interior-courtyard, covered parking for every unit, air conditioning units and laundry facilities. With the property being located in Unincorporated Los Angeles County the property is subject to a county Rent Stabilization Ordinance (RSO), which is a local law setting the maximum annual rent increases to an annual cap of 3% and provides tenants protections from evictions without just cause.