14410 Mulberry Drive

About This Property

The subject property is a two-story garden style apartment complex. The property has a securitized gate and carport parking. It is in an excellent location and strong rental market area. The Seller has rented his last two vacancies at the market rent of $975 which gives the prospective buyer more than $100 upside on the existing rents. There is a very attractive assumable loan at 4.91% available that has about 2.5 years remaining. The loan balance is approximately $3,550,000 which means a buyer will need $2,340,000 for the downpayment. This is an excellent 1031 exchange property. The Buyer may also choose to secure a new loan of $3,900,000 (69% LTV) at a current rate of 6.029%.

Unit Mix

• 1 unit · 1bd / 0ba
• 1 unit · 2bd / 0ba
• 1 unit · 3bd / 0ba

Neighborhood

This property is located in Whittier. Want to learn more about the area?