7908 Duchess Dr - Apartments FOR SALE


Whittier, CA 90606- Whittier City
$3,600,000 USD
949-607-7096
7908 Duchess Dr, Whittier, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/14
null | 4.02% Cap Rate

7908 Duchess Dr
Whittier, CA 90606
Whittier City


HIGHLIGHTS

  • Highly Desirable Unit Mix: (10) 2-Bed / 1-Bath & (8) 1-Bed / 1-Bath
  • Comprised of Two Separate & Contiguous Parcels
  • Priced at $200K/Unit & $277/SF
  • 13.23 GRM & 4.02% Cap Rate on Current Income
  • Massive Amount of Upside in the Rental Income
  • Subject to Los Angeles County Rent Stabilization Program

OVERVIEW

PROPERTY IS BEING SOLD WITH ADJACENT 6-UNIT BUILDING, 7914 DUCHESS DRIVE, 18 UNITS IN TOTAL FOR $3,600,000. We are pleased to present 7908 & 7914 Duchess Drive in Whittier, an 18-unit multifamily investment built in 1958 and 1960, spanning two contiguous parcels and featuring a highly desirable unit mix of (10) two-bedroom/one-bath and (8) one-bedroom/one-bath units. The offering includes a 12-unit building zoned R-3-P and an adjacent 6-unit building operating under legal non-conforming status within C-2-BE zoning. Priced at $200K per unit and $277/SF, the asset provides a 13.23 GRM and 4.02% cap rate on current income, with massive upside in the rental income. Each unit is separately metered for gas and electricity, and the property offers 17 detached carport spaces, 1 open parking space, and an on-site laundry facility. Located near major freeways and retail corridors in a strong rental market, this is a prime value-add opportunity with long-term growth potential. The property is subject to the Los Angeles County Rent Stabilization Program. Drive by only. Do not contact tenants. Email listing agent for offering memorandum. Income and expenses listed below are for both properties combined.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

18

PRICE/UNIT

$200,000

CAP RATE

4.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,166 SF

ZONING

R-3-P & C-2-BE

APN/PARCEL ID

8173-002-024,8173-002-025

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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