Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Seville Apartments, a 77-unit multifamily investment property located in Whittier, California
Built in 1971, Seville Apartments offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 15 percent. The property features a strong unit mix of one- and two-bedroom floor plans, of which 50 or more have been upgraded with granite countertops and plank flooring. Situated on a 2.52 acre lot, the property offers an attractive amenity package including gated carport parking, controlled access, on-site laundry, a stand alone rental office, a swimming pool, and a spacious courtyard featuring a pond, barbeques, and picnic area.
Seville Apartments is strategically located just one mile from Whittwood Town Center and just over one mile from State Route 72. The property’s close proximity to major retail centers and transportation routes provides residents with convenient access to their everyday needs. Seville Apartments is also less than one half mile from Carden School of Whittier and Scott Avenue Elementary School.
Given the strong demographics and unique appeal of the subject property, Seville Apartments is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.