20-Unit Apartment
7746 Bright Avenue Whittier, CA 90602
New
7746 Bright Avenue, Whittier, CA, 90602
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For Sale
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Well-maintained 20-unit building with central courtyard, on-site laundry, and ample parking including garages and tuck-under spaces.
Property Size12,963 SF
Price / SF$320.14
Days on Market7
Property Features for 7746 Bright Avenue
General Information
- Standard status
- Active
- Size
- 12,963 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing agency
Keller Williams
Listed by
Hiu Chan · License #01297322
Source
Crexi
Added: Jul 16 Updated: Jul 22 at 4:18AM Checked: Jul 22 at 4:18AM
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 Keller Williams
Investment Insights
Based on property information with market context.
Bright Manor Apartments is a well-maintained 20-unit apartment building constructed in 1963, managed by the same ownership for the past 30 years. Approximately 50% of the units have been upgraded with new appliances, vinyl wood tone flooring, and air conditioning. Many units include large windows with vertical blinds, spacious closets, and substantial storage. The building has separate metering for gas and electricity and is supported by two central hot water heaters.
The property is organized around a central courtyard and includes an on-site laundry facility for tenant convenience. Parking totals 20 spaces, including 9 garages, 9 tuck-under spaces, and 2 open spaces.
For compliance, the property is stated as not subject to Los Angeles City rent control and is governed by AB 1482, currently allowing annual rent increases of up to 10%.
The property is organized around a central courtyard and includes an on-site laundry facility for tenant convenience. Parking totals 20 spaces, including 9 garages, 9 tuck-under spaces, and 2 open spaces.
For compliance, the property is stated as not subject to Los Angeles City rent control and is governed by AB 1482, currently allowing annual rent increases of up to 10%.
Key Highlights
- 20‑unit multifamily property built in 1963, well maintained by the same ownership for the past 30 years
- Approximately 50% of units upgraded with new appliances, vinyl wood tone flooring, and air conditioning
- Separately metered for gas and electricity and has two central hot water heaters
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $412.2k | $31.80 |
| − Vacancy | −$33.0k | −$2.54 |
| EGI | $379.2k | $29.26 |
| − OpEx | −$170.7k | −$13.17 |
| NOI | $208.6k | $16.09 |
12,963 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.98M
$2.61M – $3.48M
NOI $208,585 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.94M
$6.07M – $8.10M
NOI $485,824 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 20-unit building with central courtyard, on-site laundry, and ample parking including garages and tuck-under spaces.
Where is this apartment building located?
The property is located at 7746 Bright Avenue Whittier, CA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: 20‑unit multifamily property built in 1963, well maintained by the same ownership for the past 30 years; Approximately 50% of units upgraded with new appliances, vinyl wood tone flooring, and air conditioning; Separately metered for gas and electricity and has two central hot water heaters
