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Sold for $1,965,000 on Oct 5, 2018
We are offering an opportunity to own 7 spacious apartments with stable and growing rents, close to shopping centers, transportation hubs, and freeways in Whittier. The Shire Place Apartments are located on a cul-de-sac and consist of (4) 1 bed, 1 bath units, (2) 2 bed, 1 bath units, and a very large 2 bed (1 bed permitted), 2 bath custom owner's unit. The building was completely renovated in 2005 and a new roof was put on in 2014. Whittier College and Rio Hondo Community College proximity make this a great student housing opportunity. Costs are low and rents are low with upside value opportunity. Rents can be brought up to market now to add an additional $10,000 annual income. Units 3 and 4 are the only two on a year lease until March 2019. All other units are month to month.