7757 Comstock Ave Whittier, CA 90602
Estimated payment $12,973/month
Highlights
- No HOA
- Laundry Room
- Level Lot
About This Home
7757 Comstock Avenue is an 8-unit multifamily investment property located in Whittier, California. Situated on a 0.16-acre lot, 7757 Comstock Avenue offers a diverse mix consisting of one, two, and three-bedroom floor plans. Amenities at the property include an on-site laundry facility as well as ample garage and tuck-under parking. Situated just north of Whittier Avenue, 7757 Comstock Avenue places residents blocks away from a plethora of shops, restaurants, and entertainment destinations in Uptown Whittier. The property is within half-a-mile of PIH Health Whitter Hospital, the top employer in the city with 3,500 physicians and staff members. Additionally, 7757 Comstock Avenue is located just over 0.50 miles from Whittier College, an economic and housing driver for the area. Furthermore, residents enjoy the properties close proximity to an abundance of everyday needs at the Quad at Whittier and The Groves, a recently developed 150,000+ square foot retail center. The Whittier submarket is among the strongest performing areas in Los Angeles County, with an average occupancy of 97 percent (Q2 2024) and a projected average effective rent increase of 5.0 percent (year-over-year through 2028), demonstrating the strong demand for rental housing. With current rents well below market, a new owner has the potential to modernize interiors and enhance exterior aesthetics, capitalizing on strong tenant demand for upgraded living spaces. Recent market data confirms the continued demand for well-located workforce housing, making this an attractive, cash-flowing opportunity with immediate upside.
Listing Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 02/10/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1965
Lot Details
- 6,970 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 6 Car Garage
- 3 Carport Spaces
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,573 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 6228
- Assessor Parcel Number 8141024014
- $2,918 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,485
- Fuel Expense $2,485
- Insurance Expense $7,200
- Maintenance Expense $5,600
- Other Expense $8,518
- Professional Management Expense $7,056
- Trash Expense $2,485
- Water Sewer Expense $2,485
- New Taxes Expense $22,986
- Operating Expense $61,300
- Gross Income $181,682
- Net Operating Income $115,111
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2025 02/10/25 | For Sale | $2,050,000 | +8.8% | $368 / Sq Ft |
| 11/04/2020 11/04/20 | Sold | $1,885,000 | -3.3% | $338 / Sq Ft |
| 08/31/2020 08/31/20 | Pending | -- | -- | -- |
| 07/29/2020 07/29/20 | For Sale | $1,950,000 | -- | $350 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25029849
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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