$655,000
SOLD DEC 16, 2013

13601 Franklin St Whittier, CA 90602

Whittier College Neighborhood
1 Bed
1 Bath
3,332 Sq Ft
6,856 Sq Ft Lot

Recently Sold

$197 Per Sq Ft

3% Below List Price

47 Days on Market

About This Home

As of December 2015

HIGH REVENUE PRODUCING, 6-UNIT, INCOME PROPERTY IN WHITTIER RIGHT NEAR THE COLLEGE! CURRENTLY THIS GEM HAS A CAP RATE AT 7.24% AND RENT CAN BE RAISED AS THIS IS NOT RENT CONTROLLED. MARKET RATE IS HIGHER PER UNIT AS COMPARABLE UNITS GO FOR ABOUT $1,000 PER UNIT. COMPLEX IS IN GOOD SHAPE, NEEDS A LITTLE TLC OR LIGHT FIXER. YET, IT IS STILL TURNKEY READY AS IS RIGHT NOW. ALL UNITS ARE CURRENTLY RENTED OUT ON MONTH TO MONTH AND THERE IS NEVER A VACANCY, ACCORDING TO SELLER. IT'S A GREAT MONEY MAKER NOW, AND EVEN BETTER IF YOU GO IN AND STABILIZE. PERFECT FOR A PORTFOLIO INVESTOR WHO WANTS CASH FLOW OR EVEN A FLIPPER. DO NOT MISS THIS OPPORTUNITY TO ADD AN AMAZING CASH FLOW PROPERTY TO YOUR PORTFOLIO. BUYER TO VERIFY INCOME AND EXPENSES AS WELL AS PROPERTY CONDITION.

Last Agent to Sell the Property

Steve Snyder

Strategic Capital Investment G License #01849108 Listed on: 10/25/2013

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,856 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,332 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 22
  • Tax Tract Number 11405
  • Assessor Parcel Number 8142003062

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $1,200
  • Trash Expense $900
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,363
  • Gross Income $5,250
  • Net Operating Income $48,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.24
  • Other Phone Description: 310-948-8585
  • Other Phone Number: 310-948-8585
  • Price Per Unit: 112500
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8142003062
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 196.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6856.00
  • Lot Size Acres: 0.1570

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 5250.00
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6856.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 48920.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 14080.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6363.00
  • Tax Lot: 22
  • Tax Tract Number: 11405
  • Tax Year: 2012

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2015 12/16/15 Sold $905,000 +0.6% $272 / Sq Ft
10/29/2015 10/29/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $900,000 +37.4% $270 / Sq Ft
12/16/2013 12/16/13 Sold $655,000 -3.0% $197 / Sq Ft
12/11/2013 12/11/13 Pending -- -- --
10/25/2013 10/25/13 For Sale $675,000 -- $203 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2015

    Kristopher German

    RE/MAX

    (909) 645-0443

    118 Total Sales

    Section Image
  • Francesca Mauro

    Buyer's Agent in 2015

    Francesca Mauro

    T.N.G. Real Estate Consultants

    (562) 902-5100

    67 Total Sales

    Section Image

  • S

    Seller's Agent in 2013

    Steve Snyder

    Strategic Capital Investment G

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13217577

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Whittier 90602 Whittier College

13601 Franklin St, Whittier, CA

This home is located at 13601 Franklin St, Whittier, CA 90602 and is currently priced at $655,000, approximately $196 per square foot. This property was built in 1956. 13601 Franklin St is a home located in Los Angeles County with nearby schools including Lou Henry Hoover Elementary School, Walter F. Dexter Middle School, and Whittier High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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