13704 Franklin Street

Whittier, CA 90602

$4,400,000
Price
21
Beds
16
Baths
10,353 Sq. Ft.
$425 / Sq. Ft.
10,353
Sq. Ft.
$425
per Sq. Ft.

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...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.
  1. Listed by Christie Abbott • DRE #01985617 • Brokerage DRE #01938098 • Lee & Associates Los Angeles West Inc.

Property Details for 13704 Franklin Street

Zoning
WHR4*
Parcel Number
8142001034
Total Units
16.0
Living Area
10353
Source Living Area
Assessor
Area
Whittier (670)
Vacancy Rate
None
Lot Size Area
10019

Location

Listing Courtesy of Lee & Associates Los Angeles West Inc., Christie Abbott, DRE #01985617
Add your commute
LISTING UPDATED: 04/12/2024 01:23 PM

Property Details for 13704 Franklin Street

StatusActive
MLS #24-359163
Days on Market76
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.23 AC / 10,019 SF
CountyLos Angeles County

Location

Listing Courtesy of Lee & Associates Los Angeles West Inc., Christie Abbott, DRE #01985617
Add your commute

Building Information for 13704 Franklin Street

Stories3Residences-Year Built1971Building Size-Lot Size0.23 AC / 10,019 SF

Payment Calculator

$28,817 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,013

Property Taxes

$4,804

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 13704 Franklin Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Pets Allowed: Call
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: 1 & 2 BDRM
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Resident Manager
  • Property Condition: Updated/Remodeled
  • Water: District
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $366,253
  • Net Operating Income: $238,234.50
  • Gross Income: $4,200
  • Cap Rate: 5.41%
  • Gross Rent Multiplier: $11.79
  • Actual Annual Gross Rent: $373,250.93
  • Laundry Income: $4,200
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 128018.9
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2297
  • Lot Size Square Feet: 10019
  • Lot Features: Landscaped, Front Yard
  • Lot Description: Alley Paved, Landscaped, Front Yard, Gutters, Sidewalks, Resident Manager
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport, Garage Is Detached
  • Total Parking: 16
  • Parking Features: Assigned, Carport
  • Attached Garage: No
  • Garage Structures Total: 16.0
Interior Features
Interior Features
  • Levels: Three Or More
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Wall Unit(s)
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Flooring: Hardwood, Vinyl Plank
  • Equipment: Vented Exhaust Fan, Range/Oven, Refrigerator, Ceiling Fan, Garbage Disposal, Elevator, Microwave, Hood Fan
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Shower Over Tub, Remodeled
  • Cooking Appliances: Gas/Electric Range, Microwave, Oven, Range Hood
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Sprinklers: None
  • Patio Features: Patio Open
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-16-2024
  • Rent Control: No
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,816.00
  • Unit Actual Rent: $19,974.00
  • Unit Projected Rent: $20,973.00
  • Like Units: 11
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,226.00
  • Unit Actual Rent: $11,130.00
  • Unit Projected Rent: $11,686.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 13704 Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 13704 Franklin Street

Taxable ValueLand$2,845,800Additions$1,897,200Total$4,743,000
Tax Record2023$57,651 ($4,804 / month)
Home Facts
Total Finished SqFt10,353 SqFtAbove Grade Finished SqFt10,353 SqFtLot Size10,004 SqFtStyleMulti-Family Res (5+ Units)Year Built1971ZoningWHR4*CountyLOS ANGELESAPN8142-001-034

Schools near 13704 Franklin Street

This home is within Whittier City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lou Henry Hoover Elementary School
PublicK to 5

Walter F. Dexter Middle School
Public6 to 8

Whittier High School
Public9 to 12

Sierra Vista High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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13704 Franklin Street is a multi-family home for sale in Whittier, CA 90602. This property was listed for sale on February 16, 2024 by Lee & Associates Los Angeles West Inc., it's currently listed at $4,400,000. It has been on the market for a total of 76 days and was last sold on April 13, 2022. This listing's school districts are Whittier City Elementary School District, Whittier Union High School District. Nearby schools include Lou Henry Hoover Elementary School, Walter F. Dexter Middle School and Whittier High School. 13704 Franklin Street is a 21-bed, 16-bath, 10,353 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates Los Angeles West Inc., Christie Abbott, DRE #01985617

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.