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13704 Franklin Street

Whittier, CA 90602
  • $4,700,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: OC21246210
UPDATED: 62 min ago
$4,700,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Listing Agent: Tyler Leeson of Marcus & Millichap Re Invest


Description

Franklin Heights Apartment Homes is a 16-unit multifamily investment property located in Whittier, CA. Built in 1971, the property features one and two-bedroom units and offers amenities including tuck-under parking, garage parking, elevator service, and on-site laundry. Current ownership has recently renovated eight of the sixteen units, with upgrades including a stainless steel hood and stove, shaker-style cabinets, and vinyl plank flooring. Franklin Heights Apartment Homes has an ideal Whittier location, positioned in a predominately residential area of the city yet just moments away from lively Uptown Whittier. Additionally, the property is adjacent to Whittier College, a world-class private college.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T17:26:19.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123188593
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13704 Franklin Street Whittier, CA 90602

  • Price: $4,700,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 62 min ago
  • ID#: OC21246210
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1971
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Franklin Heights Apartment Homes is a 16-unit multifamily investment property located in Whittier, CA. Built in 1971, the property features one and two-bedroom units and offers amenities including tuck-under parking, garage parking, elevator service, and on-site laundry. Current ownership has recently renovated eight of the sixteen units, with upgrades including a stainless steel hood and stove, shaker-style cabinets, and vinyl plank flooring. Franklin Heights Apartment Homes has an ideal Whittier location, positioned in a predominately residential area of the city yet just moments away from lively Uptown Whittier. Additionally, the property is adjacent to Whittier College, a world-class private college.
Exterior Features

Carport Spaces 8 Carport YN Yes Lot Features Lawn Number Of Separate Electric Meters 16 Parking Total 16 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features CurbsSidewalks Electric Expense 5176 Fuel Expense 5173 Garage YN Yes Gross Income 326204 Gross Scheduled Income 321144 Insurance Expense 4800 Land Lease YN No Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Maintenance Expense 9600 Net Operating Income 189349 New Construction YN No New Taxes Expense 52664 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Number Of Units Leased 16 Operating Expense 127221 Other Expense 26799 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 26762 Trash Expense 5173 Vacancy Allowance 9634 Water Sewer Expense 5173 Water Source Public Zoning Whr4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T17:26:19.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Tyler Leeson of Marcus & Millichap Re Invest