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13704 Franklin St, Whittier, CA 90602
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13704 Franklin St Whittier, CA 90602

$4,400,000
  • 21 Beds
  • 16 Baths
  • 10,353 Sq.Ft.
For Sale
$4,400,000 Get Pre-Qualified
Map preview of 13704 Franklin St, Whittier, CA 90602

Property Overview: 13704 Franklin St Whittier, CA has 21 bedrooms, 16 bathrooms, 10,353 living square feet and 10,019 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Christie Abbott | BRE #01985617 | Lee & Associates Los Angeles West Inc.
Last checked: 9 minutes ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 70
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Home details

Lot Sq. Ft
10,019
HOA Dues
$0/mo
Year built
1971
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24359163
City
Whittier
County
Los Angeles
Time on Site
76 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,816
  • Total Rent: $19,974
  • Pro Forma/Market Rent: $20,973
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,226
  • Total Rent: $11,130
  • Pro Forma/Market Rent: $11,686
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.41%
  • Gross Rent Multiplier: 11.79
  • Gross Scheduled Income: --
  • Net Operating Income: $238,235
  • Gross Operating Income: $366,253
  • Laundry Income: $4,200
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 13704 Franklin St

Interior Features
Heating Information
  • Has Heating
  • Natural Gas
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range, Oven, Range Hood
Interior Features
  • Ceiling Fan(s)
  • Levels: Three Or More
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Resident Manager
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Assigned, Carport
Lot Information
  • Lot Features: Landscaped, Front Yard
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 16
  • Parcel Number: 8142001034
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South East Corner of Franklin Street and Valley View Avenue
View more facts & features

Local Whittier Agent

Sale History for 13704 Franklin St

Last leased for $2,295 on August 18th, 2023

  • February, 2024

  • Feb 16, 2024

    Date

    Active

    CRMLS: 24359163

    $4,650,000

    Price

  • August, 2023

  • Aug 18, 2023

    Date

    Leased

    CRMLS: 23279459

    $2,295

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: 23279459

    $2,295

    Price

  • Listing provided courtesy of CRMLS

    Franklin Heights is in the premier area of uptown Whittier, with its custom design and vivacious spirit of the uptown neighborhood this community will the perfect location for you to call home! Our current renovated 2 bedroom 1 bath layout comes with plank wood inspired floor, shiny granite counters, designer kitchen cabinets, stainless appliances, modern ceiling fan. Not to mention beautiful views of the uptown Whittier!!!

  • May, 2023

  • May 2, 2023

    Date

    Expired

    CRMLS: 22215329

    $4,560,000

    Price

  • Nov 3, 2022

    Date

    Active

    CRMLS: 22215329

    $5,250,000

    Price

  • Listing provided courtesy of CRMLS

    Lee & Associates and Realty Executives are pleased to present the opportunity to purchase a 16unit threebuilding (one unit over garage structure) nonrentcontrolled multifamily site in the desirable community of Uptown in Whittier, CA. The property features one and twobedroom 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 treelinedresidential neighborhood.Originally built in 1971, the property has undergone extensive renovations and is positioned well for additional improvements to be made as tenants rollover. Within the past twentyfour (24) 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, shakerstyle 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 allows for an easy commute to many strong employment hubs. Over the past five to ten years Whittier has blossomed with newcafes, chic restaurants, retail shops, and new housing. Due in large part to the excellent school systems, community centered culture and local privatecollege, the city is attracting a desirable demographic base of affluent, young and family oriented populace. Once connected by the new Eastside MetroLine, it's growth will be unstoppable.

  • January, 2022

  • Jan 18, 2022

    Date

    Pending

    CRMLS: OC21246210

    $4,700,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • February, 2021

  • Feb 22, 2021

    Date

    Expired

    CRMLS: OC20180767

    $4,272,000

    Price

  • Oct 28, 2020

    Date

    Withdrawn

    CRMLS: OC20180767

    $4,272,000

    Price

  • Sep 1, 2020

    Date

    Active

    CRMLS: OC20180767

    $4,272,000

    Price

  • Listing provided courtesy of CRMLS

    Franklin Heights Apartment Homes is a 16-unit multifamily investment property located in Whittier, California. Built in 1971, the property features one- and two-bedroom units and offers amenities including tuck-under parking, garage parking, and on-site laundry. Current ownership has recently renovated seven of the sixteen units, with upgrades including a stainless steel hood and stove, shaker-style cabinets, and vinyl plank flooring.

  • October, 2018

  • Oct 29, 2018

    Date

    Sold

    CRMLS: OC18198570

    $3,750,000

    Price

  • Aug 29, 2018

    Date

    Active Under Contract

    CRMLS: OC18198570

    $3,800,000

    Price

  • Aug 15, 2018

    Date

    Active

    CRMLS: OC18198570

    $3,800,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the Franklin Street Apartments, a 16-unit value-add apartment opportunity located in a prime Uptown Whittier location. Nestled at the base of the Whittier Hills, the Franklin Street Apartments is situated in one the best locations in all of Whittier, located less than .25 miles from Whittier College, and less than .5 miles from the flourishing boutique shops and restaurants of Uptown Whittier. The property features Five (5) – 2 Bed / 1 Bath Units, and Eleven (11) – 1 Bed / 1 Bath Units. Tenants enjoy Eight (8) enclosed garages, Eight (8) covered carports, On-Site Laundry, and a newly modernized elevator. Through the implementation of upgrades, a new investor may capitalize on the prime location by increasing the income in the amount of +/- 24.8%.

  • October, 2018

  • Oct 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $3,750,000

    Price

  • October, 2018

  • Oct 23, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2018

  • Sep 20, 2018

    Date

    Expired

    CRMLS: AR18090246

    $3,995,000

    Price

  • Jul 9, 2018

    Date

    Withdrawn

    CRMLS: AR18090246

    $3,995,000

    Price

  • Apr 19, 2018

    Date

    Active

    CRMLS: AR18090246

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

    This is a Prime Value-Add opportunity with many long-time tenants in a non-rent controlled market. The investment contains Attractive 16-units consisting of 5 (five) 2 Bedroom + 1 Bathroom units and 11 (eleven) 1 bedroom + 1 Bathroom units. Situated in Prestigious Area of Uptown Whittier located nearby to many inevitabilities. Excellent government employment opportunities nearby to Whittier City Building Department, Whittier Public Library, Whittier City School District, Whittier College, Whittier High School, Whittier Police Department and US Social Security Administration. 10 minute walk to Whittier College. 8 minute walk to Whittier Senior Center. Easy Access to FWY 605, FWY 5 and FWY 60. Total of 8 (eight) enclosed garages and 8 (eight) covered carports, along with an estimated 30% upside in the rents.

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Tax History for 13704 Franklin St

Assessed Value (2020): $3,825,000
Year Land Value Improved Value Assessed Value
2020 $2,448,000 $1,377,000 $3,825,000

Home Value Compared to the Market

This property vs the competition

13704 Franklin St is listed 450% higher than the median list price for the city of Whittier which has a median list price of $800,000. The median price per/sqft for Whittier is $537 and this home is listed at $425 per/sqft which puts the price per square foot 20.86% lower than the median price per square foot for the city of Whittier.

About 13704 Franklin St

Detailed summary of property

13704 Franklin St is a multi family located in Whittier, CA 90602 and is currently for sale. This multi family property offers 21 bedrooms, 16 bathrooms, roughly 10,353 living square feet, and sits on an approximately 10,019 square foot lot. 13704 Franklin St was first listed on ArdentRealEstateGroup.com on February 16, 2024. The homeowner is currently asking $4,400,000 and was originally asking $4,650,000. The median priced home in Whittier is $800,000 with a median price per square foot of $537. Based on Ardent Real Estate Group's Whittier Market Data, this home is listed 450% higher than the median priced home. Local competing homes currently for sale include 9602 Alwood Ave, 129 S Avenue 64 and 825 E 108th St. While the average home in Whittier, CA is selling in 59 days, 13704 Franklin St has a days on market of 70 days. There are currently 207 homes for sale in the Whittier real estate market and 174 of them are single family homes while 19 of them are condos and 14 are townhomes. For more information on this home for sale at 13704 Franklin St Whittier, CA 90602 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 13704 Franklin St

Public county record property details
Beds
--
Baths
16
Year built
1971
Sq. Ft.
10,353
Lot Size
10,004
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
8142-001-034

The source for these homes facts are from public records.

90602 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,000
Median List Price/Sq.Ft.
$525
Median Sold Price
$740,000
Median Sold Price/Sq.Ft.
$580
Total Inventory
17
Median Sale to List Price %
96.73%
Avg Days on Market
33
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Whittier Agent
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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