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11506 Obert Ave, Whittier, CA 90604
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11506 Obert Ave Whittier, CA 90604

$3,190,000 Sold Price as of 02/14/2024
  • 24 Beds
  • 14 Baths
  • 12,233 Sq.Ft.
Sold
$3,190,000 Sold Price as of 02/14/2024 Refinance Your Mortgage
Map preview of 11506 Obert Ave, Whittier, CA 90604

Property Overview: 11506 Obert Ave Whittier, CA has 24 bedrooms, 14 bathrooms, 12,233 living square feet and 17,424 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Obert Arms is a 14-unit multifamily investment opportunity located in Whittier, CA. The Obert Arms offers a desirable mix of 4, one-bedroom units and 10, two-bedroom units and amenities including a central courtyard, private patios (select units), a balcony (select unit), tuck-under parking, and an on-site laundry facility. Whittier’s continued strong rental metrics, including a 2022 vacancy rate of just 1.2 percent and year-over-year rent growth of 11.7 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. Residents enjoy the property’s proximity to a plethora of retail, dining, and entertainment options at Gateway Plaza and Whittwood Town Center. Additionally, Whittier’s central location between Los Angeles, Orange, and Riverside Counties creates consistent demand from renters looking for convenient access to Southern California’s major commercial hubs.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 7 minutes ago | Last updated: February 14th, 2024 | Source CRMLS | DOM: 247

Home details

Lot Sq. Ft
17,424
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
OC23012856
City
Whittier
County
Los Angeles
Time on Site
480 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,975
  • Total Rent: $5,975
  • Pro Forma/Market Rent: $7,580
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $16,145
  • Total Rent: $16,145
  • Pro Forma/Market Rent: $23,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $265,448
  • Net Operating Income: $175,449
  • Gross Operating Income: $261,084
  • Vacancy Allowance: $7,963
  • Other Income 1: $3,600
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $85,635
  • Electric: $4,906
  • Gas/Fuel: $4,906
  • New Taxes: $38,779
  • Trash: $4,906
  • Insurance: $5,600
  • Maintenance: $7,000
  • Professional Management: $6,527
  • Water/Sewer: $4,907
  • Other Expenses: $8,104
  • Other Expense Description: Misc

Property Details for 11506 Obert Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
Lot Information
  • Lot Features: Cul-De-Sac, Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 14
  • Parcel Number: 8227010020
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: Telegraph Road & Leffingwell Road
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Whittier Agent

Sale History for 11506 Obert Ave

Last sold for $3,190,000 on February 14th, 2024

  • February, 2024

  • Feb 14, 2024

    Date

    Sold

    CRMLS: OC23012856

    $3,190,000

    Price

  • Jan 24, 2023

    Date

    Active

    CRMLS: OC23012856

    $4,025,000

    Price

  • January, 2020

  • Jan 7, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,100,000

    Price

  • January, 2020

  • Jan 6, 2020

    Date

    Sold

    CRMLS: OC18289789

    $3,100,000

    Price

  • Nov 18, 2019

    Date

    Pending

    CRMLS: OC18289789

    $3,200,000

    Price

  • Nov 8, 2019

    Date

    Active Under Contract

    CRMLS: OC18289789

    $3,200,000

    Price

  • Nov 5, 2019

    Date

    Price Change

    CRMLS: OC18289789

    $3,200,000

    Price

  • Mar 1, 2019

    Date

    Price Change

    CRMLS: OC18289789

    $3,530,000

    Price

  • Dec 11, 2018

    Date

    Active

    CRMLS: OC18289789

    $3,780,000

    Price

  • Listing provided courtesy of CRMLS

    The Obert Arms is a 14-unit multifamily investment property located at 11506 Obert Avenue in Whittier, one of the premier housing markets in Southern California. Built in 1962, The Obert Arms consists of 4, one-bedroom units and 10, two-bedroom units and offers amenities including carport parking and on-site laundry.

  • October, 2019

  • Oct 30, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 11506 Obert Ave

Assessed Value (2020): $3,417,340
Year Land Value Improved Value Assessed Value
2020 $1,887,000 $1,530,340 $3,417,340

Home Value Compared to the Market

This property vs the competition

11506 Obert Ave sold on February 14, 2024 for 321.69% higher than the current median sold price for the city of Whittier which is $830,000. The median sold price per/sqft for Whittier is $567 and this home is sold at $286.11 per/sqft which puts the price per square foot 49.54% lower than the current median sale per square foot for the city of Whittier.

About 11506 Obert Ave

Detailed summary of property

11506 Obert Ave is a apartment that recently sold in Whittier, CA 90604. This apartment offered 24 bedrooms, 14 bathrooms, roughly 12,233 living square feet, and sits on an approximately 17,424 square foot lot. 11506 Obert Ave was first listed on ArdentRealEstateGroup.com on January 24, 2023. The homeowner sold the property for $3,190,000. Home in Whittier are selling for a median price of $830,000 and a median price per square foot of $567. Based on Ardent Real Estate Group's Whittier Market Data, this home is sold 321.69% higher than the current median priced home. Local homes that are currently for sale include 6062 Atlantic Ave, 1006 S Record Ave and 16052 Waikiki Ln. While the average home in Whittier, CA is selling in 57 days, 11506 Obert Ave has a days on market of 247 days. There are currently 216 homes for sale in the Whittier real estate market and 179 of them are single family homes while 26 of them are condos and 11 are townhomes. For more information on this home for sale at 11506 Obert Ave Whittier, CA 90604 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 11506 Obert Ave

Public county record property details
Beds
--
Baths
14
Year built
1962
Sq. Ft.
12,233
Lot Size
17,225
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
15
APN
8227-010-020

The source for these homes facts are from public records.

90604 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$549
Median Sold Price
$835,000
Median Sold Price/Sq.Ft.
$551
Total Inventory
48
Median Sale to List Price %
104.38%
Avg Days on Market
16
Loan Type
Conventional (33.33%), FHA (33.33%), VA (0%), Cash (14.29%), Other (19.05%)

Thinking of Selling?

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Recently Sold Homes Near 11506 Obert Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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