12428 Washington Boulevard, Whittier, CA 90606

$2,490,000
List Price
$2,490,000
Status
ACTIVE
MLS#
PW20122916
Lot Size
35,663
Acres
0.8187
Lot Location
Lot 20000-39999 Sqft
Days on Market
48
Property Type
Land

Property Description

Excellent investment opportunity for developer to build a multi-unit residential rental community in the heart of Whittier. Listing is for the unimproved land consisting of TWO parcels - APNs 8170-034-013 and 8170-034-012 - totaling 35,663 SF (according to assessor records) and running all the way through between Lambert Rd and Washington Blvd AND Seller's completed and approved plans for the proposed development. Permits for the site are ready to issue for the construction of a 13-unit apartment complex. All proposed rental units are contemporary design 2 bed / 2.5 bath tri-level townhome style apartment homes between 1,168 and 1,185 SF with an attached two-car garage. Tremendous rental upside due to property's excellent location near the heavily-trafficked intersection of Washington Blvd and Whittier Blvd, across from Presbyterian Intercommunity Hospital. Central location with convenient access to the 605 freeway and major streets, dining and shopping.

Additional Information

Lot Description
Urban
View
None
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Jong Lee from Appy & Frenz USA Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.