9025 Mills Ave Whittier, CA 90603
Estimated payment $17,402/month
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- 3-minute walk to Anaconda Park
- California High School Rated A-
- Landscaped
About This Home
9025 Mills Ave checks the right boxes. No local rent control, steady income, and headache-free operations in a reliable pocket of LA County. Offered to the market for the first time in over 30 years, 9025 Mills Avenue is a well-maintained 10-unit complex in East Whittier, that offers both stable income and a convenient location. Built in 1960, the property includes (4) 2-bdrm. units and (6) 1-bdrm. units, that have been consistently maintained by long-term ownership. All units feature dual-pane windows, and select units have balconies or patios. Offered at a 5.30% CAP and 12.19 GRM on current rents, the property offers solid in-place income, with projected stabilization at 6.34% CAP and 10.73 GRM after interior updates. Market rents in the area support approx. 13% rental upside. 9025 Mills is not subject to local rent control, allowing for full CPI-based increases under statewide AB 1482 guidelines (currently 8.8% - buyer to verify). Located just south of Whittier Blvd, 9025 Mills is walkable to a mix of cafes, grocers, and daily retail. It’s also just over a mile from both The Quad at Whittier and Whittwood Town Center, two of the city’s largest shopping hubs. In addition, the property is located 0.5 miles from Whittier Hospital Medical Center (employs approx. 3,700 people). For someone looking to hold long-term and avoid unnecessary headaches, 9025 Mills Ave checks the right boxes. Steady income and headache-free operations in a reliable pocket of LA County.
Listing Agent
CLEAR PATH REALTY Brokerage Phone: 951-906-3859 License #01981055 Listed on: 03/25/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.26 Acre Lot
- Two or More Common Walls
- Landscaped
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,237 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 10 Parking Spaces
- 10 Carport Spaces
Additional Features
- Rain Gutters
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 15674
- Assessor Parcel Number 8150004004
- $3,561 per year additional tax assessments
Community Details
Overview
- 10 Units
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,000
- Professional Management Expense $11,975
- Trash Expense $6,000
- Water Sewer Expense $6,600
- Operating Expense $49,311
- Gross Income $239,496
- Net Operating Income $214,432
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | Price Changed | $2,750,000 | -5.2% | $380 / Sq Ft |
| 07/02/2025 07/02/25 | Price Changed | $2,900,000 | -3.3% | $401 / Sq Ft |
| 06/02/2025 06/02/25 | Price Changed | $2,999,999 | -6.3% | $415 / Sq Ft |
| 04/24/2025 04/24/25 | Price Changed | $3,200,000 | -8.3% | $442 / Sq Ft |
| 04/21/2025 04/21/25 | Price Changed | $3,490,000 | -0.3% | $482 / Sq Ft |
| 03/25/2025 03/25/25 | For Sale | $3,500,000 | -- | $484 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25065319
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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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