13705 Franklin StWhittier, CA 90602

Property Details for 13705 Franklin St

Year built

1974

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

11,400 SF

Zone code

WHR3*

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

8142-001-032

APU

8142001032

Description

This exceptional 20-unit apartment building presents a compelling investment opportunity in the desirable Whittier, CA market. Located at 13705 Franklin Street, this three-story building boasts 11,400 square feet on a 13,556 square foot lot. Built in 1974, the property features 20 one-bedroom, one-bathroom units, each with separately metered electricity. Ample parking is provided with 27 spaces, including 19 covered spots. Recent upgrades significantly enhance the property's value and appeal, including a new roof (January 10, 2024), a new water heater (July 2, 2024), and exterior/deck repainting (August 23, 2024). Enhanced security features include an electronic vehicle entry gate and locked building gates (February 7, 2022). An on-site laundry room generates additional income. The property's prime location offers exceptional convenience, with proximity to Whittier College (less than 0.5 miles), Penn Park (0.5 miles), Whittier Police Department and City Hall (0.3 miles), and The Quad at Whittier shopping center (1.2 miles). The asking price is $4,950,000, representing a price per unit of $247,500 and a price per square foot of $434.21. The property enjoys a strong Net Operating Income (NOI) of $295,186, translating to a 5.96% cap rate. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving location. The property's strong performance and recent improvements make it an ideal addition to any investment portfolio. APN: 8142-001-032.

• CAP approach

  CAP return

  Valuation

  6%

  $4,061,082

  6.5%

  $3,748,691

  7%

  $3,480,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,360,127

  Geo Method

  $3,360,127

• Alternative Use

  Use

  Valuation

  Residential

  $3,748,691

  Hospitality

  $3,433,780

  Educational

  $2,856,865

  Medical

  $2,955,117

  Retail

  $4,444,012

Location Insight

City

Whittier

County

Los Angeles

State

California

Latitude

33.9748

Longitude

-118.029

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].