12-Bedroom
6345 Painter, Whittier, CA 90601
For Sale
New
$1,700,000
Four occupied residences provide rental income across a substantial multifamily property.
Property Size4,931 SF
Lot Size0.16 Acres
Price / SF$344.76
Days on Market2
Property Features for 6345 Painter
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
eXp Realty of California, Inc.
Listed By:
Tiffany Leaverton · License CA #01971568
(951) 816-0848
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California, Inc.
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Investment Insights
Based on property information with market context.
This 1985-built quadplex contains four residential units with a combined 12 bedrooms and 8 bathrooms. The property provides approximately 4,931 square feet of living area on a 6,752-square-foot lot, with all four units occupied.
The property is located in Whittier, California, at 6345 Painter. Shopping, dining, schools, parks, and major transportation routes are noted in the surrounding area. Walk Score is 36 and Bike Score is 39.
The property is located in Whittier, California, at 6345 Painter. Shopping, dining, schools, parks, and major transportation routes are noted in the surrounding area. Walk Score is 36 and Bike Score is 39.
Key Highlights
- Four residential units, all occupied
- 12 bedrooms and 8 bathrooms in total
- Approximately 4,931 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,113
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,722,260
$1.7M
Cap Rate 7%
$1,230,186
$1.2M
Cap Rate 9%
$956,811
$956.8K
Market Conditions
NOI Build-Up for 4,931 SF
Gross rent
$133.1K $27.00/SF
− Vacancy
−$10.1K −$2.05/SF
EGI
$123.0K $24.95/SF
− OpEx
−$36.9K −$7.48/SF
NOI
$86.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,722,260
Cap Rate 7%
$1,230,186
Cap Rate 9%
$956,811
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,113 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$1.13M
$991.8K – $1.32M
NOI $79,344 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,803 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 90601, CA
32,625
Population
11,161
Households
2.9
Avg Household Size
40
Median Age
31%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
3,078
Density / Sq Mi
$102,267
Median Household Income
$53,031
Median Earnings
$1,862
Median Rent
$729,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences provide rental income across a substantial multifamily property.
Where is this quadplex located?
The property is located at 6345 Painter Whittier, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Four residential units, all occupied; 12 bedrooms and 8 bathrooms in total; Approximately 4,931 square feet of living space
