12502 Bailey Street

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Source: California Regional MLS

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CLW-X83172

We are pleased to present a desirable 2-On-A-Lot in a Great Pocket of Uptown Whittier sitting on a Large 7,503 square foot lot zoned WHR3. It is the first time this property has been offered for sale in 43 years (just over 4 Decades). A great Whittier location, and across the street from Whittier High School plus, minutes to Whittier College. This listing offers a spacious 2-Bed + 1-Bath single-family home (approximately 992 square feet, built in 1914) and an additional unit of a 3-Bed + 2.5-Bath two-story townhome-style unit (approximately 1,672 square feet, built in 1986). With low operating expenses, a 5.69% Cap Rate, 12.00 GRM and utilities being separately metered for gas and electricity this allows the owner minimal landlord expenses. The property is a short distance to shops and restaurants in Uptown Whittier as well as the New Whittier Groves neighborhood and adjacent to the prestigious College Hills. This community-focused atmosphere is a 'Walker's Paradise" that garners a 93 Walk-Score. In addition to the many benefits this property offers, the potential investor can take advantage of the residential financing opportunity. This is considered the City of Whittier where it is only subject to the statewide AB1482 rent ordinance (and no local rent control), offering the buyer rental upside potential. ( Both Units Are Occupied - Units Will NOT Be delivered Vacant ).

12502 Bailey Street, Whittier, CA 90601

Market Report for 90601

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