Thank you
Christie Abbott
Lee & Associates Los Angeles West Inc.
310-899-2700
Lee & Associates and Realty Executives are pleased to present the opportunity to purchase a 16-unit three-building (one unit over garage structure) nonrentcontrolled multi-family site in the desirable community of Uptown in Whittier, CA. The property features one and two-bedroom units and consists ofapproximately 10,353 of net rentable square feet on 10,019 square feet of land. The recently updated garden style buildings are well located within awalkable and tree-lined residential neighborhood.Originally built in 1971, the property has undergone extensive renovations and is well positioned for additional improvements to be made as tenantsroll-over. Within the past thirty-six (36) months, ten (10) units have been upgraded and rental rates have subsequently been increased to market rents.Upgrades included in the renovations are stainless steel appliances (including range hoods), granite countertops, shaker-style cabinets, and luxury vinylplank flooring. Additionally, there is potential to add more square footage/ADU (assessory dwelling unit) over the garages in the rear of the property.Whittier is currently one of the most attractive growing cities in Los Angeles County for it's strong demographics, and close proximity to Orange County.It's central location along highly desireable 605 freeway corridor, allows for an easy commute to many strong employment hubs. Over the past five toten years Whittier has blossomed with new cafes, chic restaurants, retail shops, and new housing. Due in large part to the excellent school systems,community centered culture and local private college, the city is attracting a desirable demographic base of affluent, young and family oriented populace.
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Total Bedrooms : 21
Total Baths: 16
Full Baths: 0
Half Baths: 0
Interior Features: Ceiling Fan(s)
Property Appliances: Disposal,Gas Range,Microwave,Oven,Refrigerator,Range Hood,Vented Exhaust Fan
Fireplace: None
Flooring: Wood
Natural Gas
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1971
Building Area Total: 10,353
Raised
Carbon Monoxide Detector(s),Fire Detection System,Resident Manager,Smoke Detector(s)
None
Open,Patio
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.23
Lot Size Source: Assessor
Lot Size Square Feet: 10019
Original List Price: 4,400,000
Listing Contract Date: 2024-02-16
Listing Agreement: Seller Reserved
Parcel Number: 8142001034
Garage Description: Assigned,Carport
Pets Allowed: Call
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Pending
Source Neighborhood: 670 - Whittier
Postal Code Plus 4: 1856
Directions: South East Corner of Franklin Street and Valley View Avenue
Zoning: WHR4*
Source Property Type: Residential Income
Area: 670 - Whittier
Property Age: 53
Property Condition: Updated/Remodeled
Year Built Source: Assessor
Total Square Feet Living: 10353
Levels or Stories: Three Or More
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
13716 Penn Street, Whittier, CA,90602 | $3,795,000 | -- | -- | 18,910 | 15256 Sqft |
13647 Jackson Street, Whittier, CA,90602 | $980,000 | 3 | 1 | 1,532 | 6376 Sqft |
7608 Painter Avenue, Whittier, CA,90602 | $985,000 | -- | -- | 1,612 | 8339 Sqft |
7718 Bright Avenue, Whittier, CA,90602 | $1,550,000 | 4 | 3 | 2,762 | 7000 Sqft |
14064 Nona Lane, Whittier, CA,90602 | $3,000,000 | 5 | 5 | 4,100 | 23910 Sqft |
13624 Franklin Street, Whittier, CA,90602 | $2,080,000 | -- | -- | 4,824 | 8219 Sqft |
13518 Via Del Palma Ave.., Whittier, CA,90602 | $1,199,000 | 3 | 2 | 1,624 | 7254 Sqft |
7211 Painter Avenue, Whittier, CA,90602 | $999,000 | 3 | 3 | 2,538 | 6922 Sqft |
12021 Turnleaf Ave, Whittier, CA,90602 | $850,000 | 4 | 2 | 1,720 | 25965 Sqft |
8902 Greenleaf Avenue, Whittier, CA,90602 | $798,000 | 3 | 2 | 1,354 | 5929 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 00:36
MLS: 24359163
LISTED BY: Christie Abbott, Lee & Associates Los Angeles West Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.