MULTIFAMILY PROPERTY IN WHITTIER, CALIF. SOLD FOR $17.75 MILLION

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Whittier, Calif. (January 19, 2022) — Coldwell Banker Commercial represented both the buyer and the seller in the sale of Mulberry Terrace Apartments, a multifamily property located in Whittier, Calif. The property sold for $17.75 million.

Luis Carrion, CCIM, a broker and commercial real estate professional with Coldwell Banker Commercial Alliance, represented both the buyer and the seller in the transaction.

The two-story, 64-unit complex, located at 14829 Mulberry Dr., was built in 1986 and contains a mix of units with a varied number of bedrooms and bathrooms, along with assigned tenant parking spaces. 

“This closed transaction is indicative of the multifamily market in Whitter and the Greater Los Angeles area, with strong sales and interest from buyers who view these properties as stable investments coupled with long-term revenue generation,” said Carrion.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Alliance is the local affiliate of Coldwell Banker Commercial® and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com

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