Updated Jan 9, 2026
Joe Chen Purchases Multifamily Asset In Whittier From Agnes Aceves For $4.8M
6333 Milton Avenue
$4,800,000
$256/SF
Building Size
18,700 SF
Asset Type
MultiFamily
Closing
Jan 7, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 6333 Milton Avenue in the Whittier market. The sale price for the asset was $4,800,000, with a total square footage of 18,700, which translates to a price per square foot of $256.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 6333 Milton Avenue
- Market: Whittier
- Square Footage: 18,700
- Price Per Square Foot: $256
- Buyer: Joe Chen
- Seller: Agnes Aceves
- Buyer's Representative: Nick Hayner - Maywood Property Group
Nick Hayner from Maywood Property Group represented the buyer, Joe Chen, and successfully negotiated a $1,400,000 price reduction for the buyer during the transaction. This negotiation reflects the strategic efforts undertaken to optimize the final deal for the buyer.
On the Map
$4,800,000
$256/SF
MultiFamily
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Whittier MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93