13705 Franklin Street

Whittier, CA 90602

$4,950,000
Price
1
Beds
20
Baths
11,400 Sq. Ft.
$434 / Sq. Ft.
11,400
Sq. Ft.
$434
per Sq. Ft.

Description

Long time owners! First time on the market since 1987! 20-unit Apartment Building in Whittier, CA. All units are 1 bedroom + 1 bath and separately metered for electricity. 27 parking spaces on site (19 covered and 8 open). Exterior and deck was recently repainted (8/23/2024). New water heater installed (7/2/2024). Old roof removed and new roof installed (1/10/2024). Electronic security vehicle entry front gate and locked gates on both sides of the building installed (2/7/2022). Laundry room on site...Long time owners! First time on the market since 1987! 20-unit Apartment Building in Whittier, CA. All units are 1 bedroom + 1 bath and separately metered for electricity. 27 parking spaces on site (19 covered and 8 open). Exterior and deck was recently repainted (8/23/2024). New water heater installed (7/2/2024). Old roof removed and new roof installed (1/10/2024). Electronic security vehicle entry front gate and locked gates on both sides of the building installed (2/7/2022). Laundry room on site for additional income. Walking distance to Whittier College (Less than 0.5 miles), Penn Park (0.5 miles), Whittier Police Department and Whittier City Hall (0.3 miles). Convenient shopping – The Quad at Whittier (1.2 miles). 2.7 miles away from Friendly Hills Country Club.
  1. Listed by DONALD LA • DRE #01928418 • Brokerage DRE #02003950 • KW Executive • 626-888-2995

Property Details for 13705 Franklin Street

Parking Spaces Total
27
Private Pool
No
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11400
Assessor Parcel Number
8142-001-032
Property Attached YN
true
LISTING UPDATED: 11/05/2024 12:31 AM

Property Details for 13705 Franklin Street

StatusActive
MLS #WS24178410
Days on Market85
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1974
CountyLos Angeles County

Building Information for 13705 Franklin Street

Building/Complex13705 Franklin StFloor-Stories3Residences-Pet Policy-Year Built1974Building Size-

Property Information for 13705 Franklin Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $380,160
  • Gross Scheduled Income: $380,160
  • Net Operating Income: $295,186
  • Cap Rate: 5.96
Expense Details
  • Operating Expense: $87,271
  • Fuel Expense: $3,629
  • Electric Expense: $1,854
  • Insurance Expense: $8,394
  • Professional Management Expense: $0
  • Trash Expense: $3,954
  • Water Sewer Expense: $5,276
  • Total Expenses: $87,271
Tax / Assessment Info
  • Tax Tract Number: 5016
  • Tax Census Tract: 5016.00
  • CFD/Mello-Roos Fee: $5,549
  • Tax Lot: 40
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 19
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 19
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 20
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 19
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $31,680
  • Unit Type Total Rent: $31,680
  • Unit Type Pro Forma: 39000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1

Property History for 13705 Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 13705 Franklin Street

Taxable ValueLand$255,193Additions$1,546,369Total$1,801,562
Tax Record2024$26,064 ($2,172 / month)
Home Facts
Total Finished SqFt11,400 SqFtAbove Grade Finished SqFt11,400 SqFtLot Size13,553 SqFtStyleMulti-Family Res (5+ Units)Year Built1974ZoningWHR3*CountyLOS ANGELESAPN8142-001-032

Schools near 13705 Franklin Street

This home is within Whittier City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lou Henry Hoover Elementary School
PublicK to 5

Walter F. Dexter Middle School
Public6 to 8

Whittier High School
Public9 to 12

Sierra Vista High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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13705 Franklin Street is a multi-family home for sale in Whittier, CA 90602. This property was listed for sale on August 28, 2024 by KW Executive, it's currently listed at $4,950,000. This listing's school districts are Whittier City Elementary School District, Whittier Union High School District. Nearby schools include Lou Henry Hoover Elementary School, Walter F. Dexter Middle School and Whittier High School. 13705 Franklin Street is a 1-bed, 20-bath, 11,400 sqft multi-family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Executive, DONALD LA, DRE #01928418

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.