13726 Franklin St - Multi-Family FOR SALE


Whittier, CA 90602- Whittier City
$1,375,000 USD
925-683-9203
13726 Franklin St, Whittier, CA for Sale
$1,375,000 USD
Multi-Family - FOR SALE
1/9
null | 5.67% Cap Rate

13726 Franklin St
Whittier, CA 90602
Whittier City


HIGHLIGHTS

  • All units have yards, outdoor space or private patios
  • Sought after Uptown Whittier Location
  • (4) on-site parking spaces - One Tandem + Three Garages
  • ADU Opportunity - Opportunity to Add 3 ADU units to the site (Buyer to Verify)
  • 19% organic upside in rents
  • Well maintained asset with very stable tenancy

OVERVIEW

Well-maintained 5-unit asset in Uptown Whittier with approximately 19% rental upside and potential to add up to 3 ADU units (Buyer to verify). The Asset: The property has been thoughtfully maintained over the years and benefits from incredibly stable tenancy. The unit mix is diverse and includes (1) standalone 3 Bed / 1 Bath single-family house in the front with its own tandem parking space, (1) Studio, (2) 2 Bed / 1 Bath, and (1) stand-alone 2 Bed / 1 Bath single-family unit over 3 garages at the rear of the property. All units feature in-unit washer/dryers, the front house has a large private backyard, the three middle units enjoy private patios, and the rear building has a large outdoor grass area. Recent Capital Improvements: Current ownership has invested approximately $35,000 in recent improvements, including fresh exterior paint on all three structures (with stucco and wood repairs), a new roof layer on the middle building, roof maintenance to the front and rear houses, fence replacement and staining, a new EQ valve on the gas system, a new water heater serving the studio, new glazing on the front house metal windows, fascia board replacement, and inspections and minor repairs to the plumbing and electrical systems. As a result, a new owner inherits an asset with minimal deferred maintenance. Value-Add Upside: The property offers approximately 19% organic rental upside, providing immediate cash flow with meaningful growth potential. Additionally, two on-site areas have been identified for potential ADU development: a large pad between the front two buildings that could accommodate a two-story, two-unit ADU structure, and (3) on-site garages that could be converted into ADU units. In total, there is potential to add up to 3 ADU units, increasing density on the site by approximately 60% (Buyer to verify).

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

5

PRICE/UNIT

$275,000

CAP RATE

5.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units Uptown Whittier - 19% Upside + 3 ADU

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,682 SF

ZONING

-

APN/PARCEL ID

8142-001-045

ASK ABOUT THIS PROPERTY

Drew McAllisterNRE CommercialMore Info
925-683-9203

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Drew McAllisterNRE CommercialMore Info
925-683-9203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.