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$2,900,000
42 Days On Site

9025 Mills Avenue
Whittier, CA 90603

For Sale|Multi Family|Active
0
Beds
0
Total Baths
7,237
SqFt
$401
/SqFt
1960
Built
County:
Los Angeles
Listed by DANIEL REILLY of CLEAR PATH REALTY [email protected]

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9025 Mills Avenue9025 Mills Avenue9025 Mills Avenue9025 Mills Avenue
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9025 Mills Ave checks the right boxes. No local rent control, steady income, and headache-free operations in a reliable pocket of LA County. Offered to the market for the first time in over 30 years, 9025 Mills Avenue is a well-maintained 10-unit complex in East Whittier, that offers both stable income and a convenient location. Built in 1960, the property includes (4) 2-bdrm. units and (6) 1-bdrm. units, that have been consistently maintained by long-term ownership. All units feature dual-pane windows, and select units have balconies or patios. Offered at a 5.30% CAP and 12.19 GRM on current rents, the property offers solid in-place income, with projected stabilization at 6.34% CAP and 10.73 GRM after interior updates. Market rents in the area support approx. 13% rental upside. 9025 Mills is not subject to local rent control, allowing for full CPI-based increases under statewide AB 1482 guidelines (currently 8.8% - buyer to verify). Located just south of Whittier Blvd, 9025 Mills is walkable to a mix of cafes, grocers, and daily retail. It’s also just over a mile from both The Quad at Whittier and Whittwood Town Center, two of the city’s largest shopping hubs. In addition, the property is located 0.5 miles from Whittier Hospital Medical Center (employs approx. 3,700 people). For someone looking to hold long-term and avoid unnecessary headaches, 9025 Mills Ave checks the right boxes. Steady income and headache-free operations in a reliable pocket of LA County.

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Listing Snapshot
Price 
$2,900,000
Days On Site 
42 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,237 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2573 Acres
Year Built 
1960
MLS® Number 
IV25113370
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
11 hours agoPrice changed to $2,900,000
11 hours agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.2573
Number Of Stories 
2
Property Sub Type 
Multi Family
SqFt Total 
7237
Water Source 
Public
Interior Features
Laundry Features 
Laundry Room
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Exterior Features
Lot Features 
Near Public TransitPaved
Community Features
MLS Area 
670 - Whittier


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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