Five-Unit Apartment Building with Bonus
For Sale
$1,625,000
7751 Milton Ave, Whittier, CA 90602
MULTI_FAMILY - Whittier, CA
Property Size3,110 SF
Lot Size0.16 Acres
Price / SF$522.51
Days on Market124
Property Features for 7751 Milton Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
WHR4*
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Laundry Room, Bedroom 4, Bathroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 2
Parking
9
Parking features
Garage, Covered
Directions
Situated on Milton Avenue between Walnut Street and La Cuarta Street, the nearest major intersection is Greenleaf Avenue and Mar Vista Street.
Subdivision
Whittier
Standard status
Active
APN
8141-022-019
Size
3,110 SF
Lot size
0.16 Acres
Utilities
Cooling system
Wall Unit(s)
Amenities
dedicated parking
on-site laundry
separately metered gas and electricity
outdoor area
Building Details
Year built
1954
Floors in Building
2
Number of units
5
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Shant Sherbetdjian · License #01713570
(626) 657-8150
Added: Apr 13
Changed: Aug 13
Last Checked: Aug 14 at 2:06PM
MLS# 26698353
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5-unit apartment property contains 3,110 square feet on a 0.1584-acre lot and was built in 1954. The unit mix includes four 1-bedroom, 1-bathroom apartments with dens in the front structure and one additional 1-bedroom, 1-bathroom unit with a den in the rear. The rear structure also includes a detached bonus room and an extra bathroom; any alternative use or conversion is subject to buyer verification. Wall-unit cooling, dedicated garage and covered parking, and on-site laundry support the existing configuration. Gas and electricity are separately metered. The property is near Greenleaf Avenue in Uptown Whittier, with shops, dining, and entertainment nearby. SB721 compliance has been addressed, and the property is subject to California AB 1482 with no local rent-control restrictions. ADU development potential is noted in the source information and requires buyer verification.
Key Highlights
- 5‑unit apartment property with four front 1‑bedroom, 1‑bathroom units and one rear 1‑bedroom, 1‑bathroom unit
- 3,110 square feet on a 0.1584‑acre lot; built in 1954
- Each apartment includes a den; rear structure adds a detached bonus room and additional bathroom
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
$50,042
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
3.08%
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%
$1,000,840
$1.0M
Cap Rate 7%
$714,886
$714.9K
Cap Rate 9%
$556,022
$556.0K
Market Conditions
NOI Build-Up for 3,110 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
$98.9K $31.80/SF
− Vacancy
−$7.9K −$2.54/SF
EGI
$91.0K $29.26/SF
− OpEx
−$40.9K −$13.17/SF
NOI
$50.0K $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%
$1,000,840
Cap Rate 7%
$714,886
Cap Rate 9%
$556,022
Alternative Uses
Best Use
Apartment 5plus
$714.9K
$625.5K – $834.0K
NOI $50,042 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,556 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,871
Businesses Nearby
Explore this area
Business Placement
Demographics for 90602, CA
25,521
Population
8,514
Households
3
Avg Household Size
36
Median Age
22%
College-Educated
85%
High-School Grad
3.8 sq mi
ZIP Area
6,716
Density / Sq Mi
$67,259
Median Household Income
$37,237
Median Earnings
$1,719
Median Rent
$729,300
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 - Uptown Whittier apartment property near Greenleaf Avenue shops, dining, and entertainment, with parking and on-site laundry.
Where is this apartment building located?
The property is located at 7751 Milton Ave Whittier, CA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 5‑unit apartment property with four front 1‑bedroom, 1‑bathroom units and one rear 1‑bedroom, 1‑bathroom unit; 3,110 square feet on a 0.1584‑acre lot; built in 1954; Each apartment includes a den; rear structure adds a detached bonus room and additional bathroom
