Listed By:
Marcus & Millichap RE Invest, tleeson@marcusmillichap.com, Tyler Leeson
Local Realty Services Provided By:
Keller Williams Whittier
Overview
What It'll Cost
Neighborhood
Similar Homes
$2,050,000
7757 Comstock Avenue, Whittier, CA 90602
5,573
sq ft
.16
ac
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$2,050,000
7757 Comstock Avenue, Whittier, CA 90602
Estimation provided by Keller Williams Realty Inc.
5,573
sq ft
.16
ac
Active
For Sale
Property Description
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.
Assessed Value is a combination of the land and additions.
2023
$25,107
(+0.83%)
$1,962,903
Land 1,272,409 +
Additions 690,494
2022
$24,899
(+2.57%)
$1,886,750
Land 1,223,000 +
Additions 663,750
2021
$24,275
(+305.1%)
$1,886,750
Land 1,223,000 +
Additions 663,750
2019
$5,992
(-2.9%)
$283,786
Land 92,742 +
Additions 191,044
2017
$6,171
$272,769
Land 89,142 +
Additions 183,627
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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