13726 Franklin St
Property Description
Well-maintained 5-unit asset in Uptown Whittier with approximately 19% rental upside and potential to add up to 3 ADU units (Buyer to verify).The Asset: The property has been thoughtfully maintained over the years and benefits from incredibly stable tenancy. The unit mix is diverse and includes (1) a standalone 3 Bed / 1 Bath single-family house in the front with its own tandem parking space, (1) Studio, (2) 2 Bed / 1 Bath, and (1) stand-alone 2 Bed / 1 Bath single-family unit over 3 garages at the rear of the property. All units feature in-unit washer/dryers; the front house has a large private backyard; the three middle units enjoy private patios; and the rear building has a large outdoor grassy area.Recent Capital Improvements: Current ownership has invested approximately $35,000 in recent improvements, including fresh exterior paint on all three structures (with stucco and wood repairs), a new roof layer on the middle building, roof maintenance to the front and rear houses, fence replacement and staining, a new EQ valve on the gas system, a new water heater serving the studio, new glazing on the front house metal windows, fascia board replacement, and inspections and minor repairs to the plumbing and electrical systems. As a result, a new owner inherits an asset with minimal deferred maintenance.Value-Add Upside: The property offers approximately 19% organic rental upside, providing immediate cash flow with meaningful growth potential. Additionally, two on-site areas have been identified for potential ADU development: a large pad between the front two buildings that could accommodate a two-story, two-unit ADU structure, and (3) on-site garages that could be converted into ADU units. In total, there is potential to add up to 3 ADU units, increasing site density by approximately 60% (Buyer to verify).
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,375,000 |
| Lot Size: | 3.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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