13624 Franklin Street

    Whittier, CA 90602
    • $1,800,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: RS19024747
    UPDATED: 39 min ago
    $1,800,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,824
      SQFT
    • $373
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:

    School Ratings & Info

    Description

    This is a 5 unit property in a quiet residential area in uptown Whittier. The building consists of (4) 3 bedroom/2 bath and (1) 3 bedroom/ 1 bathroom unit each approximately 965 Sq Feet.4 Units are rented at $2200/ per month and 1 unit is rented $2250/ per month. The cap rate is approx 6.00. There is scope for still raising rents. All the kitchens and bathrooms are upgraded and have granite counter tops. Most of the units have flooring either tiles or laminate wood floors. There are eight enclosed garages and ample of additional parking onsite. All units have central air and heat.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/91500768

    13624 Franklin Street Whittier, CA 90602

    • Price: $1,800,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: RS19024747
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,824
    SQFT
    $373
    $/SQFT
    1984
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    This is a 5 unit property in a quiet residential area in uptown Whittier. The building consists of (4) 3 bedroom/2 bath and (1) 3 bedroom/ 1 bathroom unit each approximately 965 Sq Feet.4 Units are rented at $2200/ per month and 1 unit is rented $2250/ per month. The cap rate is approx 6.00. There is scope for still raising rents. All the kitchens and bathrooms are upgraded and have granite counter tops. Most of the units have flooring either tiles or laminate wood floors. There are eight enclosed garages and ample of additional parking onsite. All units have central air and heat.
    Exterior Features

    Garage Spaces 8.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Furnace Heating YN Yes Laundry Features Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.00 Community Features Sidewalks Country Us Electric Expense 600.00 Elevation Units Feet Fuel Expense 960.00 Gardener Expense 840.00 Gross Income 133707.00 Gross Multiplier 12.30 Gross Scheduled Income 132972.00 Insurance Expense 2500.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 735.00 Laundry YN Yes Maintenance Expense 3324.00 Net Operating Income 96019.00 New Construction YN No New Taxes Expense 20000.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Number With Dishwasher 5 Number With Disposal 4 Number With Patio 5 Number With Range 5 Operating Expense 35028.00 Other Expense 1000.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 3324.00 Tenant Pays ElectricityGas Total Actual Rent 11081.00 Total Expenses 35028.00 Trash Expense 1980.00 Vacancy Allowance 2660 Vacancy Allowance Rate 2.00 Water Sewer Expense 1500.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Jag Mehta of Gateway Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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