NOT LISTED FOR SALE
4 Beds
3 Baths
3,751 Sq Ft
1969 Built

Last Sold January 25, 2018

Last sale price $1,450,000 $387 Per Sq Ft

8 Days on Market

Highlights

  • Granite Countertops
  • Laundry Room
  • Ceiling Fan
  • No HOA

About This Home

As of January 2018

Presenting this two story investment opportunity located in the City of Whittier. This property has a unit mix of one 2 bed / 1 bath, and six 1 bed / 1 bath units. Each unit has a covered parking space with extra storage lockers. Units have received almost complete interior upgrades. The exterior of the building has also recently received upgrades, such as new double pane vinyl windows throughout. The building has been recently painted with new landscaping. Each unit is separately metered for gas and electric. There is covered parking with storage lockers, and extra street and alley parking for tenant's guests.

13625 Franklin Street is located in Uptown Whittier, near major retail, recreational, educational, and employment opportunities. It is half a mile from Whittier College, The Whittier Police Department, and The Uptown Wellness Center. Friends Park, William Penn Park, and Jackson Park and also in walking distance from the property.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 11/27/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 3,751 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8142
  • Tax Tract Number 1
  • Assessor Parcel Number 8142001015

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $560
  • Fuel Expense $1,500
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Maintenance Expense $3,500
  • Pest Control $720
  • Trash Expense $1,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $18,309
  • Operating Expense $30,689
  • Gross Income $100,380
  • Net Operating Income $66,752

Property Details

Home Type

Multi-Family

Year Built

Built in 1969 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 4.50
  • Price Per Unit: 213571
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: WHR3YY
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8142001015
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 386.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6534.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 751 Square Feet
  • Electric Expense: 560.00
  • Fuel Expense: 1500.00
  • Gross Income: 100380.00
  • Gross Multiplier: 15.26
  • Gross Operating Income: 97441.00
  • Gross Scheduled Income: 100380.00
  • Insurance Expense: 2400.00
  • Laundry Income: 2400.00
  • Maintenance Expense: 3500.00
  • Net Operating Income: 66752.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 30689.00
  • Rent Control: No
  • Total Actual Rent: 8165.00
  • Total Expenses: 30689.00
  • Vacancy Allowance: 2939
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18309.00
  • Tax Census Tract: 5016.00
  • Tax Lot: 8142
  • Tax Tract Number: 001

Range of Values:

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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
01/25/2018 01/25/18 Sold $1,450,000 -3.0% $387 / Sq Ft
11/27/2017 11/27/17 For Sale $1,495,000 +15.5% $399 / Sq Ft
05/23/2017 05/23/17 Sold $1,294,000 +87.8% $345 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $689,000 -- $184 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17264427

California Regional Multiple Listing Service (CRMLS)