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12209 12205 Colima Road, Whittier, California 90604, Whittier, 90604 - bed, bath

12209 12205 Colima Road, Whittier, California 90604 home-pic-0
ACTIVE$1,450,000$4,678/sqft
12209 12205 Colima Road, Whittier, California 90604
0Bed
0Bath
4,678Sqft
11,853Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multi-Unit Diversification: The property features three separate residential structures (SFR, detached SFR, and a duplex) on one expansive lot, offering diversified income streams and reduced vacancy risk.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4678, other record living area = 1698.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1988 (38 years old).
Condition: Built in 1988, this multi-unit property is 36 years old. While described as 'well-maintained' and 'thoughtfully laid out to maximize functionality and tenant appeal' for its long-term tenants, the age of the structures and the noted 'potential for deferred updates' suggest that kitchens, bathrooms, and other interior finishes are likely functional but dated in style. The exterior images show well-kept but not modern buildings. The property is livable and maintained, but would benefit from minor cosmetic updates to bring it to current standards, aligning with the 'Fair' condition criteria.
Year Built
1988
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$310
HOA
-
Days on market
-
Sold On
-
MLS number
SW26008152
Home ConditionFair
Features
Deck
View-

About this home

Exceptional Multi-Unit Investment Opportunity in North Whittier. Rare opportunity to acquire a well-maintained multi-property investment offering strong current income with upside potential. This unique compound features three separate residential structures on one expansive lot, ideally suited for long-term investors seeking stability, scale, and future growth. The property includes an original single-family residence (SFR 2) offering 1,638 sq. ft., featuring 2 bedrooms and 2 bathrooms. An additional detached single-family residence spans 1,250 sq. ft. with 2 bedrooms and 1 bathrooms plus Den, providing flexible rental or owner-user options. Completing the property is a duplex, comprised of two 864 sq. ft. units. The lower unit features 2 bedrooms and 1 bathroom, while the upper unit offers 1 bedroom and 1 bathroom. Each unit has been thoughtfully laid out to maximize functionality and tenant appeal. The property boasts long-term tenants, delivering immediate cash flow with a current cap rate of 4.8% and a pro forma cap rate of 6.5%, presenting a clear value-add opportunity. Ample parking, including garages and carport spaces, further enhances tenant desirability. Located in North Whittier, near shopping, dining, schools, and commuter routes, this is a rare chance to acquire a diversified residential asset in a high-demand rental market. Ideal for investors seeking steady income today with strong upside tomorrow. Original parcel was split when secondary units were built in 1988. Both parcels to be sold together.

A
Amber Treat
Listing Agent
Condition Rating
Fair
Built in 1988, this multi-unit property is 36 years old. While described as 'well-maintained' and 'thoughtfully laid out to maximize functionality and tenant appeal' for its long-term tenants, the age of the structures and the noted 'potential for deferred updates' suggest that kitchens, bathrooms, and other interior finishes are likely functional but dated in style. The exterior images show well-kept but not modern buildings. The property is livable and maintained, but would benefit from minor cosmetic updates to bring it to current standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Multi-Unit Diversification: The property features three separate residential structures (SFR, detached SFR, and a duplex) on one expansive lot, offering diversified income streams and reduced vacancy risk.
Strong Financials & Upside Potential: Boasts a current cap rate of 4.8% and a pro forma cap rate of 6.5%, indicating immediate cash flow and significant value-add opportunity for investors.
Ample Parking: Includes garages and carport spaces, enhancing tenant desirability and convenience, a key feature for multi-unit properties.
Desirable Location: Located in North Whittier, near shopping, dining, schools, and commuter routes, ensuring high rental demand and tenant appeal.
Established Tenancy: The property benefits from long-term tenants, providing immediate, stable cash flow and minimizing turnover costs for the investor.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4678, other record living area = 1698.
Age of Structures: Built in 1988, the property's age may imply older systems or components that could require future capital expenditures for maintenance or upgrades.
Management Complexity: Managing three distinct residential structures with varying unit types and tenant needs can be more involved than a single-unit or standard duplex property.
Potential for Deferred Updates: While described as 'well-maintained,' the absence of specific recent renovation details suggests an investor might need to budget for updates to maximize rental income or tenant appeal in a competitive market.
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