Closed Deals


11517 Obert Avenue, Whittier, CA 90604

Property Description

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Tenaya, a 10-unit multifamily investment opportunity located in Whittier, one of the premier housing markets in Southern California.

Built in 1961, Tenaya offers 6, one-bedroom units, 4, two-bedroom units and amenities including carport parking and on-site laundry. In-place rents are currently 26 percent below market rates.

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 1.15 percent. In addition, approximately 89.7 percent of Whittier residents commute to surrounding cities for employment. Tenaya’s strategic location, in close proximity to Whittier Boulevard, helps to attract renters seeking convenient access to employment hubs.

Given the strong demographics and unique appeal of the subject property, Tenaya is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.

Sale Highlights

  • One- and Two-Bedroom Floor Plans
  • Carport Parking
  • On-Site Laundry
  • Less than One and a Half Miles from Biola University
  • Just Over Two Miles from the Norwalk/Santa Fe Springs Metrolink Station
Status: Sold
Year Built: 1961
Price: $1,950,000
No. of Units: 10
For more information on our listings, click here
Presented by
Tyler C. LeesonMike A. Banwell
Senior Managing DirectorAssociate
CA license: 02045460
Drew F. Holden
Senior Associate
CA license: 01962800