Fourplex Residential Income
8026 Comstock Ave Whittier, CA 90602
For Sale
Contact for pricing
Well-located four-unit building featuring one 3-bedroom unit and three 2-bedroom units with private driveway and carport parking.
Property Size3,300 SF
Lot Size0.16 Acres
Price / SF$393.64
Days on Market121
Property Features for 8026 Comstock Ave
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing Agency:
Stream Realty Partners Greater L.A.
Listed By:
Pat Swanson · License #CA 01382974
Source:
Crexi
Added: Mar 26
Changed: Jul 21
Last Checked: Jul 24 at 8:56AM
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 Stream Realty Partners Greater L.A.
Investment Insights
Based on property information with market context.
This fourplex investment property built in 1962 offers four rental units totaling approximately 3,300 square feet on a 6,822 square foot lot. The unit mix includes one 3-bedroom, 1-bath single-family home and three 2-bedroom, 1-bath units. Parking is supported by a private driveway and carport spaces, providing straightforward resident access and on-site convenience.
The property is located at 8026 Comstock Avenue in Uptown Whittier, positioned within a strong local rental market described as having average household incomes exceeding $115,000 within one mile. The remarks also note that there is no local rent control beyond AB 1482. The offering is presented with current annual income of approximately $107,316 and an estimated in-place cap rate of 5.55%, with a pro forma target to approximately 6.65% through rent growth, while maintaining reasonable operating expenses.
Overall, the building is offered as a stabilized residential income asset with an existing unit configuration of three 2-bedroom rentals and one 3-bedroom home, supported by on-site parking amenities.
The property is located at 8026 Comstock Avenue in Uptown Whittier, positioned within a strong local rental market described as having average household incomes exceeding $115,000 within one mile. The remarks also note that there is no local rent control beyond AB 1482. The offering is presented with current annual income of approximately $107,316 and an estimated in-place cap rate of 5.55%, with a pro forma target to approximately 6.65% through rent growth, while maintaining reasonable operating expenses.
Overall, the building is offered as a stabilized residential income asset with an existing unit configuration of three 2-bedroom rentals and one 3-bedroom home, supported by on-site parking amenities.
Key Highlights
- Fourplex built in 1962 at 8026 Comstock Avenue with four units totaling approximately 3,300 SF on a 6,822 SF lot.
- Unit mix includes one 3‑bedroom, 1‑bath single‑family home plus three 2‑bedroom, 1‑bath units.
- Private driveway and carport parking for tenants.
Financial Insights For Multifamily LT 5
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 | $89.1k | $27.00 |
| − Vacancy | −$6.8k | −$2.05 |
| EGI | $82.3k | $24.95 |
| − OpEx | −$24.7k | −$7.48 |
| NOI | $57.6k | $17.46 |
3,300 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$823.3K
$720.4K – $960.5K
NOI $57,630 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$758.6K
$663.8K – $885.0K
NOI $53,100 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,677 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-located four-unit building featuring one 3-bedroom unit and three 2-bedroom units with private driveway and carport parking.
Where is this quadplex located?
The property is located at 8026 Comstock Ave Whittier, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Fourplex built in 1962 at 8026 Comstock Avenue with four units totaling approximately 3,300 SF on a 6,822 SF lot.; Unit mix includes one 3‑bedroom, 1‑bath single‑family home plus three 2‑bedroom, 1‑bath units.; Private driveway and carport parking for tenants.
