7914 Duchess Drive, Whittier, CA 90606
  • MLS#: 25545425 ( )
  • Street Address: 7914 Duchess Drive
  • Viewed: 4
  • Price: $1,295,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 10
  • Additional Information
  • County: LOS ANGELES
  • City: Whittier
  • Zipcode: 90606
  • Provided by: Remax Commercial and Investment Realty
  • Contact: Nicholas Nicholas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    PROPERTY IS BEING SOLD WITH ADJACENT 12 UNIT BUILDING, 7908 DUCHESS DRIVE, 18 UNITS IN TOTAL FOR $3,600,000. We are pleased to present 7908 & 7914 Duchess Drive in Whittier, an 18 unit multifamily investment built in 1958 and 1960, spanning two contiguous parcels and featuring a highly desirable unit mix of (10) two bedroom/one bath and (8) one bedroom/one bath units. The offering includes a 12 unit building zoned R 3 P and an adjacent 6 unit building operating under legal non conforming status within C 2 BE zoning. Priced at $200K per unit and $277/SF, the asset provides a 13.23 GRM and 4.02% cap rate on current income, with massive upside in the rental income. Each unit is separately metered for gas and electricity, and the property offers 17 detached carport spaces, 1 open parking space, and an on site laundry facility. Located near major freeways and retail corridors in a strong rental market, this is a prime value add opportunity with long term growth potential. The property is subject to the Los Angeles County Rent Stabilization Program.
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Features
Building Area Total
  1. 4836.00
Cooling
  1. None
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. Individual Room
Levels
  1. Two
Netoperatingincome
  1. 144841.00
Parcel Number
  1. 8173002025
Parking Features
  1. Detached Carport
Postalcodeplus4
  1. 2251
Sourcesystemkey
  1. 25545425:CLAW
Totalexpenses
  1. 122419.00
Year Built
  1. 1960
Year Built Source
  1. Assessor
Zoning
  1. C-2-BE