13624 Franklin St
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13624 Franklin St
5 Unit Apartment Building $1,980,000 ($396,000/Unit) 5.05% Cap Rate Whittier, CA 90602
Executive Summary
1984 built 5-unit multifamily with central air and heating in a high demand rental market of Whittier. All two-bedroom units have a den
that may be used as an additional bedroom. One 2-car garage in the front and seven 1-car garages in the back. Assumable loan balance of
$1,080,000 with an interest rate of 4.41%. Stable rental income from HUD assistance program. Separately metered electric and gas. One of
the units is on a one-year lease; all others are month to month. All units have a combination of tile & laminated flooring and granite
countertops in the kitchen. Close to Whittier College, Civic Center and Downtown Whittier. Easy access to I-605 and I-5 freeways.
that may be used as an additional bedroom. One 2-car garage in the front and seven 1-car garages in the back. Assumable loan balance of
$1,080,000 with an interest rate of 4.41%. Stable rental income from HUD assistance program. Separately metered electric and gas. One of
the units is on a one-year lease; all others are month to month. All units have a combination of tile & laminated flooring and granite
countertops in the kitchen. Close to Whittier College, Civic Center and Downtown Whittier. Easy access to I-605 and I-5 freeways.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$152,820
|
$31.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,585
|
$0.95
|
| Effective Gross Income |
$148,235
|
$30.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,200
|
$9.99
|
| Net Operating Income |
$100,035
|
$20.74
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $152,820 |
| Annual Per SF | $31.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,585 |
| Annual Per SF | $0.95 |
| Effective Gross Income | |
|---|---|
| Annual | $148,235 |
| Annual Per SF | $30.73 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,200 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $100,035 |
| Annual Per SF | $20.74 |
Property Facts
| Price | $1,980,000 | Property Subtype | Apartment |
| Price Per Unit | $396,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.05% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 14.2 | Building Size | 4,824 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2000 |
| Price | $1,980,000 |
| Price Per Unit | $396,000 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 14.2 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,824 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2000 |
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 965 |
| 3+1 | 1 | - | 900 |
1 of 1
Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 8142-003-028 | Improvements Assessment | $1,160,356 (2024) |
| Land Assessment | $778,674 (2024) | Total Assessment | $1,939,030 (2024) |
PROPERTY TAXES
Parcel Number
8142-003-028
Land Assessment
$778,674 (2024)
Improvements Assessment
$1,160,356 (2024)
Total Assessment
$1,939,030 (2024)
-
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13624 Franklin St
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