Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 13305 Mulberry Drive, a 13-unit multifamily investment property located in Whittier, one of the strongest rental markets in Southern California.
Situated on a 0.46-acre lot, the 13,950 square foot property consists of two-bedroom units, 7 of which are townhome style units. 13305 Mulberry Drive offers community amenities such as controlled access, garage parking (some with direct garage access). The property also offers unit amenities including central air conditioning, in-unit laundry hookups, ceiling fans, granite countertops, stainless steel appliances, and laminate flooring.
The average household income in Whittier is projected to grow by 14 percent to $109,197 by 2023 and the vacancy rate within a one mile radius of the subject property is just 1.76 percent. In addition, approximately 89.7 percent of Whittier residents commute to surrounding cities for employment. 13305 Mulberry Drive’s strategic location, in close proximity to Whittier Boulevard and Interstate 605, helps to attract renters seeking convenient access to employment hubs.
Given the strong market dynamics and attractive amenity package, as well as the property’s fantastic location, 13305 Mulberry Drive is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.