Listing provided courtesy of Thomas Santoro, Crane Real Estate.
Don’t miss this rare opportunity, 1st time on the market in over 40 years! Property is located north of Whittier Blvd., near the acclaimed Whittier College. This 4 unit property consists of a triplex plus a stand-alone single family home on an enormous 13,495 square foot lot. The house has 2 bedrooms with a huge enclosed, shaded and fenced backyard, as well as a covered front porch overlooking the front yard (perfect for owner occupant)! The triplex has 2 one bedroom units and 1 two bedroom unit. Units have many cottage style features and accents, including hardwood floors. These highly desired units are super easy to rent when the rare vacancy does come up. Property is walking distance to Whittier College, Whittier Public Library, Whittier Community Center, as well as the center of town, Uptown Whittier with its numerous eateries and businesses. Long-term, high quality tenants with rents below market, give potential for upside in rents – see proforma numbers. Units are separately metered, each with its own water heater, refrigerator, gas stove, garbage disposal, ceiling fans, window a/c units. Each unit has its own washer, dryer, and sink basin, as well as its own enclosed single garage with a parking space in front of the garage. Front porches feature a locking screen door and each unit also has rear door entry with rear garden area. There are also 3 extra parking spaces on site plus street parking. Market Gross Rent Multiplier is 13.9, Market Cap Rate is 5.4%.
Price / Sq.Ft.
$410 / ft2
Active Under Contract
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Based on a price of $1,300,000
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Interior Features & Layout
Laundry Details: Dryer Included, Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside, See Remarks, Washer Hookup, Washer Included
Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator