55-Unit Garden-Style Apartment
For Sale
$11,500,000
7739 Bradwell Avenue, Whittier, CA 90606
Two-story community with gated access, pool, spa, laundry facilities, and on-site parking.
Property Size49,581 SF
Days on Market16
Property Features for 7739 Bradwell Avenue
General Information
Standard status
Active
Size
49,581 SF
Property subtype
Apartment
Building Details
Building Size
49,581 SF
Year Built
1988
Listing Agency:
Marcus & Millichap RE Invest
(951) 226-5454
Listed By:
Tyler Leeson · License #01451551
Source:
Velocityrealtysd
Added: Aug 17
Changed: Aug 24
Last Checked: Aug 31 at 12:05AM
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 Marcus & Millichap RE Invest
Investment Insights
Based on property information with market context.
Whittier West is a 55-unit apartment community comprising a two-story garden-style complex constructed in 1988 and a detached single-family house built in 1950. The unit mix includes 14 one-bedroom/one-bath apartments, 40 two-bedroom/two-bath apartments, and one two-bedroom/two-bath house. Residences feature private patios or balconies, central air conditioning, ceiling fans, dishwashers, and generous closet space.
Community features include controlled entry, a swimming pool, spa, on-site laundry, and ample parking. The property is located at 7735 and 7739 Bradwell Avenue in unincorporated Los Angeles County, with a Whittier mailing address. Its Los Nietos setting provides access to the Norwalk Boulevard retail corridor, neighborhood parks, regional freeway connections, and Uptown Whittier's retail, dining, entertainment, professional, medical, and civic services.
Community features include controlled entry, a swimming pool, spa, on-site laundry, and ample parking. The property is located at 7735 and 7739 Bradwell Avenue in unincorporated Los Angeles County, with a Whittier mailing address. Its Los Nietos setting provides access to the Norwalk Boulevard retail corridor, neighborhood parks, regional freeway connections, and Uptown Whittier's retail, dining, entertainment, professional, medical, and civic services.
Key Highlights
- 55 units across a 1988 two‑story apartment complex and a detached house built in 1950
- Unit mix includes 14 one‑bedroom/one‑bath units and 40 two‑bedroom/two‑bath units
- One detached two‑bedroom/two‑bath house included in the unit mix
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$797,798
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,955,960
$16.0M
Cap Rate 7%
$11,397,114
$11.4M
Cap Rate 9%
$8,864,422
$8.9M
Market Conditions
NOI Build-Up for 49,581 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.58M $31.80/SF
− Vacancy
−$126.1K −$2.54/SF
EGI
$1.45M $29.26/SF
− OpEx
−$652.7K −$13.17/SF
NOI
$797.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,955,960
Cap Rate 7%
$11,397,114
Cap Rate 9%
$8,864,422
Alternative Uses
Best Use
Apartment 5plus
$11.40M
$9.97M – $13.30M
NOI $797,798 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.55M
$23.23M – $30.97M
NOI $1,858,183 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 90606, CA
32,078
Population
8,982
Households
3.6
Avg Household Size
38
Median Age
18%
College-Educated
76%
High-School Grad
3.8 sq mi
ZIP Area
8,442
Density / Sq Mi
$94,904
Median Household Income
$45,361
Median Earnings
$1,913
Median Rent
$623,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story community with gated access, pool, spa, laundry facilities, and on-site parking.
Where is this apartment building located?
The property is located at 7739 Bradwell Avenue Whittier, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: 55 units across a 1988 two‑story apartment complex and a detached house built in 1950; Unit mix includes 14 one‑bedroom/one‑bath units and 40 two‑bedroom/two‑bath units; One detached two‑bedroom/two‑bath house included in the unit mix
