13705 Franklin St
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13705 Franklin St
20 Unit Apartment Building $4,600,000 ($230,000/Unit) 6.42% Cap Rate Whittier, CA 90602
Investment Highlights
- Long time owners! First time on market since 1987!!
- 27 parking spaces!
- All 1 bedroom + 1 bathroom units
Executive Summary
Long time owners! First time on the market since 1987!! 20-unit Apartment Building in Whittier, CA. All units are 1 bedroom + 1 bath and separately metered for electricity. 27 parking spaces on site (19 covered and 8 open). Exterior and deck was recently repainted (8/23/2024). New water heater installed (7/2/2024). Old roof removed and new roof installed (1/10/2024). Electronic security vehicle entry front gate and locked gates on both sides of the building installed (2/7/2022). Laundry room on site for additional income. Walking distance to Whittier College (Less than 0.5 miles), Penn Park (0.5 miles), Whittier Police Department and Whittier City Hall (0.3 miles). Convenient shopping – The Quad at Whittier (1.2 miles). 2.7 miles away from Friendly Hills Country Club.
Property Facts In Escrow
| Price | $4,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $230,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 6.42% | Building Size | 11,400 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment |
| Price | $4,600,000 |
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 11,400 SF |
| No. Stories | 3 |
| Year Built | 1974 |
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 750 |
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PROPERTY TAXES
| Parcel Number | 8142-001-032 | Improvements Assessment | $1,542,569 |
| Land Assessment | $255,193 | Total Assessment | $1,797,762 |
PROPERTY TAXES
Parcel Number
8142-001-032
Land Assessment
$255,193
Improvements Assessment
$1,542,569
Total Assessment
$1,797,762
zoning
| Zoning Code | WHR3* |
| WHR3* |
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13705 Franklin St
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