10 Units | $249k/Unit | All Single Story 13649 Foxley Dr 10 Unit Apartment Building $2,490,000 ($249,000/Unit) 6.18% Cap Rate Whittier, CA 90605
INVESTMENT HIGHLIGHTS
- 6.18% Cap Rate & 10.43 GIM on Current Income
- Large 23,080 Square Foot Lot - Private Retreat-Like Atmosphere
- Front House has it's own Backyard and 8 of 9 Units Feature Private Patios
- Over $400,000 in Recent Capital Improvements
- Brand New ADU - Completed in 2023
EXECUTIVE SUMMARY
RE/MAX Commercial & Investment Realty is pleased to present 13649 Foxley Drive - a fully stabilized 9-unit plus (1) ADU multifamily investment asset sitting on a quiet private street in the highly desirable rental market of Whittier. With the front house having it's own private back yard space and 8 of the 9 units having their own private patios, the property offers a secluded, retreat-like atmosphere, providing a serene and relaxing experience for tenants and guests. This property has undergone extensive rehab, with over $400,000 in recent capital improvements. Some of the improvements include (1) studio ADU, upgraded interiors, new windows, new drought resistant landscaping, and exterior paint. The subject property represents a tremendous opportunity for an investor to acquire an easy to manage turnkey building that generates excellent cash flow starting day 1. LA County Tax Assessor shows the 3-bedoom house having only (1) bathroom. The 2nd bathroom is unpermitted. GRM includes RUBS income.
PROPERTY FACTS
| Price | $2,490,000 |
| Price Per Unit | $249,000 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Gross Rent Multiplier | 10.43 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 5,391 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,575 | 395 |
| 1+1 | 8 | $1,798 | 500 |
| 3+2 | 1 | $3,300 | 996 |
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PROPERTY TAXES
| Parcel Number | 8163-026-009 | Improvements Assessment | $683,527 |
| Land Assessment | $949,283 | Total Assessment | $1,632,810 |
ZONING
| Zoning Code | WHRA* |
