13704 Franklin Street

    Whittier, CA 90602
    • $3,995,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: AR18090246
    UPDATED: 36 min ago
    $3,995,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,353
      SQFT
    • $386
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    This is a Prime Value-Add opportunity with many long-time tenants in a non-rent controlled market. The investment contains Attractive 16-units consisting of 5 (five) 2 Bedroom + 1 Bathroom units and 11 (eleven) 1 bedroom + 1 Bathroom units. Situated in Prestigious Area of Uptown Whittier located nearby to many inevitabilities. Excellent government employment opportunities nearby to Whittier City Building Department, Whittier Public Library, Whittier City School District, Whittier College, Whittier High School, Whittier Police Department and US Social Security Administration. 10 minute walk to Whittier College. 8 minute walk to Whittier Senior Center. Easy Access to FWY 605, FWY 5 and FWY 60. Total of 8 (eight) enclosed garages and 8 (eight) covered carports, along with an estimated 30% upside in the rents.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T07:28:09.787. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/82759358

    13704 Franklin Street Whittier, CA 90602

    • Price: $3,995,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: AR18090246
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    10,353
    SQFT
    $386
    $/SQFT
    1971
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    This is a Prime Value-Add opportunity with many long-time tenants in a non-rent controlled market. The investment contains Attractive 16-units consisting of 5 (five) 2 Bedroom + 1 Bathroom units and 11 (eleven) 1 bedroom + 1 Bathroom units. Situated in Prestigious Area of Uptown Whittier located nearby to many inevitabilities. Excellent government employment opportunities nearby to Whittier City Building Department, Whittier Public Library, Whittier City School District, Whittier College, Whittier High School, Whittier Police Department and US Social Security Administration. 10 minute walk to Whittier College. 8 minute walk to Whittier Senior Center. Easy Access to FWY 605, FWY 5 and FWY 60. Total of 8 (eight) enclosed garages and 8 (eight) covered carports, along with an estimated 30% upside in the rents.
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 8.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Electric Expense 1440.00 Elevation Units Feet Fuel Expense 4080.00 Gross Income 214176.00 Gross Scheduled Income 220800.00 Insurance Expense 2900.00 Land Lease YN No Laundry YN Yes Net Operating Income 137345.00 New Taxes Expense 45407.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Operating Expense 76831.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 18225.00 Total Expenses 76831.00 Trash Expense 5760.00 Utilities Sewer Connected Water Sewer Expense 3600.00 Water Source Public Year Built Source Assessor Zoning Whr4*

    Listing provided courtesy of Matthew Guerra of Gig Real Estate Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T07:28:09.787. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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