Los Angeles, Residential Income – 11510 Colima Rd, Whittier, CA 90604, USA -001-11-30T00:00:00-08:00
THIS SALE IS FOR 11510-11522 COLIMA RD – TOTAL 49-UNITS. The properties consist of 2 separate buildings on 2 separate parcels. 11510 Colima is a larger building with 41-units, and 11522 is an 8-unit apartment. None of the units have been extensively upgraded
11510 Colima Rd, Whittier, CA 90604, USA
$11,050,000 USD
Pictures
Map
Object Images
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Contact us
Schedule Tour
Address11510 Colima Road, Whittier
Price$11,050,000
Year Built1964
Bedrooms Total0
Living Area38,903 ft2
Lot Size (Sq.Ft.)63,727
Listing IDAR17133897
StatusActive Under Contract
Parcel Number8227001044
ZoningLCR3
Special ConditionsStandard
Days on Market40

Detailed Description: THIS SALE IS FOR 11510-11522 COLIMA RD – TOTAL 49-UNITS. The properties consist of 2 separate buildings on 2 separate parcels. 11510 Colima is a larger building with 41-units, and 11522 is an 8-unit apartment. None of the units have been extensively upgraded which provides prime opportunity for new owner to do complete unit upgrades and maximize its income potential. Most of the tenants are long-term tenants on month to month agreement and the properties are non-rent-control assets. Parking is provided by carports located on the east and north side of both buildings. There are a total 74 parking spaces with an entrance on Colima Road to access the property. 11510 Colima is a garden-style two-story building with center courtyard and parking area on each side and the back. It has 41-units and offers superb unit mix with one (1) x 4bed + 2bath, one (1) x 3bed + 2bath, three (3) x 2bed + 2bath, nineteen (19) x 2bed + 1bath and seventeen x 1bed + 1bath. It was built in 1964 with ±31,616 sq.ft building size and situated on a ±53,333 sq.ft lot. It has a long walkway, and center garden area. 11522 Colima is a garden-style two-story building with side courtyard and parking area in the front and back part of the building. It has 8 units and offers a very attractive unit mix of one (1) x 3bed + 3bath, five (5) x 2bed + 1bath, and two (2) 1bed + 1bath units. The 3 bed + 3bath unit is a townhouse style with private backyard and has been totally remodeled.

Cooling
Association
Laundry
Parking
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

Property added to favorites
Add to Favorite
Mortgage calculator
More Information
Loan
Mortgage
Expert
Loan amount
Loan term
Annual interest rate
First payment date
Amortization period
Calculate
Hide
Address Information
Address11510 Colima Road, Whittier
Street SuffixRoad
CityWhittier
Location (MLS Area)670 – Whittier
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90604
Postal Code Plus42854
CountryUS
Financial Information
Purchase Contract DateJuly 21, 2017
Price per Square Foot$284.04
Price per Lot Square Foot$173.40
Price per Unit$226,000
Tenant PaysElectricity, Gas, See Remarks
Special ConditionsStandard
Total Expenses$275,448
Professional Management Expense$25,200
Operating Expense$275,448
Insurance Expense$12,998
Electric Expense$9,118
Water Sewer Expense$42,828
Trash Expense$14,391
Maintenance Expense$23,260
Supplies Expense$6,440
Operating Expense38%
Gross Operating Income$711,323
Gross Income$733,322
Gross Scheduled Income$733,322
Net Operating Income$435,874
Total Actual Rent$60,150
Vacancy Allowance$22,000
Tax Year2000
New Taxes Expense$122,532
Full Descriptions
Parcel Number8227001044
Detailed DescriptionTHIS SALE IS FOR 11510-11522 COLIMA RD – TOTAL 49-UNITS. The properties consist of 2 separate buildings on 2 separate parcels. 11510 Colima is a larger building with 41-units, and 11522 is an 8-unit apartment. None of the units have been extensively upgraded which provides prime opportunity for new owner to do complete unit upgrades and maximize its income potential. Most of the tenants are long-term tenants on month to month agreement and the properties are non-rent-control assets. Parking is provided by carports located on the east and north side of both buildings. There are a total 74 parking spaces with an entrance on Colima Road to access the property. 11510 Colima is a garden-style two-story building with center courtyard and parking area on each side and the back. It has 41-units and offers superb unit mix with one (1) x 4bed + 2bath, one (1) x 3bed + 2bath, three (3) x 2bed + 2bath, nineteen (19) x 2bed + 1bath and seventeen x 1bed + 1bath. It was built in 1964 with ±31,616 sq.ft building size and situated on a ±53,333 sq.ft lot. It has a long walkway, and center garden area. 11522 Colima is a garden-style two-story building with side courtyard and parking area in the front and back part of the building. It has 8 units and offers a very attractive unit mix of one (1) x 3bed + 3bath, five (5) x 2bed + 1bath, and two (2) 1bed + 1bath units. The 3 bed + 3bath unit is a townhouse style with private backyard and has been totally remodeled.
Lot FeaturesLot Over 40000 Sqft
Community FeaturesSuburban
Flooring DescriptionSee Remarks
Water SourcePublic
UtilitiesSewer Connected, Water Connected
Laundry FeaturesCommunity
Heating DescriptionWall Heater
Cooling DescriptionWall Window
Parking FeaturesAssigned, Carport, Covered Parking, Uncovered
Common Walls Description2
Pool FeaturesNone
Property parameters
Year Built1964
Living Area (Sq.Ft.)38,903 ft2
Lot Size (Sq.Ft.)63,727
Lot Size (Acres)1.46
Lot Size SourceSee Remarks
Number of Buildings2
Number of Units Leased49
Number of Units Total49
ZoningLCR3
Stories Total2
Parking Spaces74
Uncovered Spaces4
LevelsTwo
Carport Spaces70
Water SourcePublic
Units Total49
Year Built SourceSee Remarks
Vacancy Allowance Rate3%
Number of Separate Electric Meters49
Number of Separate Gas Meters49
Number of Separate Water Meters2
Units with Disposal49
Listed withHandoko Chen (Growth Investment Group, Inc.)