Price Reduction
Address
13704 Franklin Street, Whittier, CA
Price
$ 4,400,000
Property Attributes
  • MLS#0024359163
  • TypeIncome
  • CountyLOS ANGELES
  • CityWhittier
  • AreaWhittier
  • Zip90602
  • Style
  • Price$ 4,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10353
  • Lot Size10,019 SqFt
Data Source:
California Desert Association of REALTORS® (CDAR)
Property Description

Lee & Associates and Realty Executives are pleased to present the opportunity to purchase a 16-unit three-building (one unit over garage structure) nonrentcontrolled multi-family site in the desirable community of Uptown in Whittier, CA. The property features one and two-bedroom units and consists ofapproximately 10,353 of net rentable square feet on 10,019 square feet of land. The recently updated garden style buildings are well located within awalkable and tree-lined residential neighborhood.Originally built in 1971, the property has undergone extensive renovations and is well positioned for additional improvements to be made as tenantsroll-over. Within the past thirty-six (36) months, ten (10) units have been upgraded and rental rates have subsequently been increased to market rents.Upgrades included in the renovations are stainless steel appliances (including range hoods), granite countertops, shaker-style cabinets, and luxury vinylplank flooring. Additionally, there is potential to add more square footage/ADU (assessory dwelling unit) over the garages in the rear of the property.Whittier is currently one of the most attractive growing cities in Los Angeles County for it's strong demographics, and close proximity to Orange County.It's central location along highly desireable 605 freeway corridor, allows for an easy commute to many strong employment hubs. Over the past five toten years Whittier has blossomed with new cafes, chic restaurants, retail shops, and new housing. Due in large part to the excellent school systems,community centered culture and local private college, the city is attracting a desirable demographic base of affluent, young and family oriented populace.

Price History
2/17/2024 Listed $4,650,000
3/16/2024 3% - $4,550,000
4/13/2024 4% - $4,400,000

General Features

Interior Features Ceiling Fan(s)
Zoning WHR4*
Security Features Carbon Monoxide Detector(s),Resident Manager,Fire and Smoke Detection System
Year Built 1971
Tenant Pays Electricity,Gas
Levels Three or More
County Los Angeles
Net Operating Income 238234.5
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Whittier
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area W1 - Whittier
Lot Size Square Feet 10019.0
Street Name Franklin
Property Condition Updated/Remodeled
Structure Type None
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type %

Interior Features

Flooring Wood
Kitchen Appliances Disposal,Range Hood,Microwave,Vented Exhaust Fan,Oven,Gas Range,Refrigerator
Heater Fuel Type Natural Gas
Total Stories 3
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Laundry Features None

Exterior Features

Parking Features Assigned,Carport
Lot Features Front Yard,Landscaped
Water Source Public
Lot Size Area 10019.0
Foundation Details Raised
Spa No
Pool Y/N? No
Building Area Total 10353.0
Lot Size Acres 0.23
Lot Size Units Square Feet
Land Lease Type Fee
NumberOfUnitsBuildings 3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90602

Price
AVG $4.4M
$4.4M
Visits
AVG 9
8
Data Provided by Inside Real Estate®
Year Built
AVG 1972
1971