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13632 Penn St 12 Unit Apartment Building $2,800,000 ($233,333/Unit) 5.71% Cap Rate Whittier, CA 90602
INVESTMENT HIGHLIGHTS
- GREAT RENTAL LOCATION
- AB-1482; NO LOCAL RENT CONTROL
- GOOD MIX OF (9) 1-BEDROOM / 1-BATH AND (3) 2-BEDROOM / 1-BATH UNITS
- NO TUCK-UNDER PARKING; DETACHED CARPORTS
EXECUTIVE SUMMARY
The subject property is a 12 unit apartment building located in Uptown Whittier. It was built in 1959, contains 7,272 square feet, and sits on a 13,706 square foot lot. The unit mix consists of (9) 1-bedroom / 1-bath units and (3) 2-bedroom / 1-bath units, all individually metered for both gas and electricity. There are 11 parking spaces contained in detached carports (no tuck-under parking). The building is subject to AB-1482 and there is no local rent control in Whittier. Please do not contact the on-site manager to tenants. Contact listing agents for complete details.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$264,292
|
$36.34
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$104,481
|
$14.37
|
| Net Operating Income |
$159,811
|
$21.98
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $264,292 |
| Annual Per SF | $36.34 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $104,481 |
| Annual Per SF | $14.37 |
| Net Operating Income | |
|---|---|
| Annual | $159,811 |
| Annual Per SF | $21.98 |
PROPERTY FACTS Under Contract
| Price | $2,800,000 | Apartment Style | Garden |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 5.71% | Building Size | 7,272 SF |
| Gross Rent Multiplier | 10.2 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Zoning | WHR3* - Residential | ||
| Price | $2,800,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| Gross Rent Multiplier | 10.2 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,272 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | WHR3* - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Handrails
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gas Range
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $1,958 | 525 - 700 |
| 2+1 | 3 | $2,167 | 700 |
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PROPERTY TAXES
| Parcel Number | 8142-001-017 | Improvements Assessment | $1,003,965 |
| Land Assessment | $2,454,138 | Total Assessment | $3,458,103 |
PROPERTY TAXES
Parcel Number
8142-001-017
Land Assessment
$2,454,138
Improvements Assessment
$1,003,965
Total Assessment
$3,458,103
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13632 Penn St
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