$4,025,000
$4,400,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
13704 Franklin St Whittier, CA 90602
21 Beds
16 Baths
10,353 SqFt
Key Details
Sold Price $4,025,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,353 sqft
Price per Sqft $388
MLS Listing ID 24-359163
Sold Date 06/21/24
Bedrooms 21
Construction Status Updated/Remodeled
Year Built 1971
Lot Size 10,019 Sqft
Acres 0.2297
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.
Location
State CA
County Los Angeles
Area Whittier
Zoning WHR4*
Rooms
Other Rooms Other
Kitchen Granite Counters
Interior
Heating Natural Gas
Cooling Wall Unit(s)
Flooring Hardwood, Vinyl Plank
Fireplaces Type None
Equipment Vented Exhaust Fan, Range/Oven, Refrigerator, Ceiling Fan, Garbage Disposal, Elevator, Microwave, Hood Fan
Laundry Laundry Area
Exterior
Garage Assigned, Carport, Garage Is Detached
Garage Spaces 16.0
Pool None
Amenities Available None
Roof Type Flat
Building
Lot Description Alley Paved, Landscaped, Front Yard, Gutters, Sidewalks, Resident Manager
Story 3
Foundation Raised
Water District
Level or Stories Three Or More
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard
Pets Description Call
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Bought with Younglewin Advisors, Inc.
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Broker | License ID: DRE#01976964