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 |
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PROPERTY TAXES
| Parcel Number | 8163-026-009 | Improvements Assessment | $683,527 |
| Land Assessment | $949,283 | Total Assessment | $1,632,810 |
ZONING
| Zoning Code | WHRA* |
