10 Units | $249k/Unit | All Single Story 13649 Foxley Dr

10 Unit Apartment Building $2,490,000 ($249,000/Unit) 6.16% Cap Rate Whittier, CA 90605

INVESTMENT HIGHLIGHTS

  • 6.16% Cap Rate & 10.47 GIM on Current Income
  • Over $380,000 in Recent Capital Improvements
  • Brand New ADU - Completed in 2023
  • Fully Stabilized Asset - Beautiful Turnkey Property
  • Large 23,080 Square Foot Lot - Private Retreat-Like Atmosphere
  • Front House has it's own Backyard and 8 of 9 Units Feature Private Patios

EXECUTIVE SUMMARY

RE/MAX Commercial & Investment Realty is pleased to present 13649 Foxley Drive - a fully stabilized 9-unit plus (1) ADU multifamily investment asset sitting on a quiet private street in the highly desirable rental market of Whittier. With the front house having it's own private back yard space and 8 of the 9 units having their own private patios, the property offers a secluded, retreat-like atmosphere, providing a serene and relaxing experience for tenants and guests. This property has undergone extensive rehab, with over $380,000 in recent capital improvements. Some of the improvements include (1) studio ADU, upgraded interiors with upgraded plumbing and electrical, new dual pane vinyl windows, new drought resistant landscaping and exterior paint. The subject property represents a tremendous opportunity for an investor to acquire an easy to manage turnkey building that generates excellent cash flow starting day 1. LA County Tax Assessor shows the 3-bedoom house having only (1) bathroom. The 2nd bathroom is unpermitted. GRM includes RUBS income.

PROPERTY FACTS

Price $2,490,000
Price Per Unit $249,000
Sale Type Investment
Cap Rate 6.16%
Gross Rent Multiplier 10.47
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.53 AC
Building Size 5,391 SF
Average Occupancy 100%
No. Stories 1
Year Built 1947

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 1 $1,575 395
1+1 8 $1,791 500
3+2 1 $3,300 996

PROPERTY TAXES

ZONING

Zoning Code WHRA*
  • Listing ID: 34666382

  • Date on Market: 1/30/2025

  • Last Updated:

  • Address: 13649 Foxley Dr, Whittier, CA 90605