13423 Olive Dr,
Whittier, CA 90601
已成交 成交價: $127.5萬 成交日期: 2024年02月23日
卧室: -- 浴室: -- / 其他類型
房屋信息

其他類型

5788 平方英呎
(538平方米)

1903 年

2

4 停車位

冷: CA

暖: WL

地產編號: SB23148269
所處郡縣: LA
建築風格: CRF
面積單價:$477.53/sq.ft ($5,140 / 平方米)
家用電器:GO,GS,MW,HOD,RF,WHU
車位類型:DY,DCON,DPAV,DUSS,OS,PS,PVT,SBS
所屬高中:
  • 城市:Whittier
  • 房屋中位數:$76萬

所屬初中:
  • 城市:Whittier
  • 房屋中位數:$86.8萬

所屬小學:
  • 城市:Whittier
  • 房屋中位數:$127.5萬

房屋簡介

We are pleased to exclusively offer for sale this 4 Unit Multi-Family investment located in the unique 90601 submarket of Whittier. This 5,788 SF lot is steps away from Whittier College and strategically positioned near Uptown Whittier. Within the last (3) years there have been only 5 other 4-Unit properties sold within a half mile. In addition to the building’s excellent location, one of the features is (3) fully remodeled units, including one upstairs that was completed in 2023. The building has been outfitted with copper plumbing and new electrical throughout and (2) of the units are equipped with tankless water heaters. Further, (2) additional units have been upgraded totaling 3 remodeled units. Along these lines, the property presents itself as an excellent Owner User opportunity for Buyer(s) looking to live in one of the units while utilizing the income from the other (3) to offset their annual debt service. As it stands, the offering presents strong day 1 income with a current CAP Rate of 4.61% and future upside with a pro forma CAP Rate of 6.41%. In addition, the tenants have access to a back lot equaling at least (4) Total Parking Spaces on site, which is especially significant in this parking impacted submarket. On top of this, there is a large back yard that is ideally suited for an ADU for investors looking to increase their annual Cash Flow. All in all, the building’s close proximity to Whittier College, Uptown Whittier, etc. and the vast dining, shopping, and entertainment options therein provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.

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