A two-story multifamily building at 9025 mills ave with grass, and clear blue sky in the background.

Active Listing

10 Units @ 11.78 GRM with No LA Rent Control

9025 mills

for sale in

Whittier

10

Number of Units

1960

Year Built

7,237

SF

Square Footage

7,237

SF

Lot Size

LAR3

Zoning

9025 Mills Ave, Whittier, CA 90603

About the Property

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.

10

Number of Units

1960

Year Built

7,237

SF

Square Footage

7,237

SF

Lot Size

LAR3

Zoning

Price P/ Unit

$290,000

Price p/ Sq. ft.

$401

Proforma Cap Rate

6.56%

Contact

Sales agent

A multifamily building at 9025 mills ave, with a white exterior, featuring large windows and an outdoor seating area.
A multifamily building at 9025 mills ave, with a white exterior, featuring large windows and an outdoor seating area.
A multifamily building at 9025 mills ave, with a white exterior, featuring large windows and an outdoor seating area.
A multifamily building at 9025 mills ave, with a white exterior, featuring large windows and an outdoor seating area.
A modern two-story building at 9025 mills ave, with a driveway and yard, under a clear blue sky.
A modern two-story building at 9025 mills ave, with a driveway and yard, under a clear blue sky.
A modern two-story building at 9025 mills ave, with a driveway and yard, under a clear blue sky.
A modern two-story building at 9025 mills ave, with a driveway and yard, under a clear blue sky.
A parking area at 9025 mills ave, with a car and a two-story building, under a clear blue sky.
A parking area at 9025 mills ave, with a car and a two-story building, under a clear blue sky.
A parking area at 9025 mills ave, with a car and a two-story building, under a clear blue sky.
A parking area at 9025 mills ave, with a car and a two-story building, under a clear blue sky.
A view of a two-story apartment building at 9025 mills ave, with a parking area and blue sky in the background.
A view of a two-story apartment building at 9025 mills ave, with a parking area and blue sky in the background.
A view of a two-story apartment building at 9025 mills ave, with a parking area and blue sky in the background.
A view of a two-story apartment building at 9025 mills ave, with a parking area and blue sky in the background.

MEET THE TEAM

We make your life easier

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.