API Completes the Sale of a 6-Unit Apartment Building in Uptown Whittier
Alden Pacific Investments recently completed the sale of a 6-unit apartment building in Uptown Whittier. The property traded at a purchase price of $1,260,000, offering a CAP rate of 4.6% and GRM of 13.04. Senior Associate Vincent Cook represented the buyer in this transaction, helping them close on their upleg of a 1031 exchange. This building is comprised of two separate structures with a 4-unit building in the front and a duplex in the rear that boasts (5) attached 1-car garages. This deal appraised at $100,000 over purchase price, and we were able to secure the buyer a $20,000 seller credit!
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