• Broker Nicholas Petrosian 9496077096

7908 Duchess Dr 18 Unit Apartment Building $2,995,000 ($166,389/Unit) 5.25% Cap Rate Whittier, CA 90606

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INVESTMENT HIGHLIGHTS

  • Value-Add & Reposition Opportunity
  • Priced at $166K/Unit | $230/SF | 11 GRM | 5.25% on Current Income
  • Subject to Los Angeles County Rent Stabilization Program
  • Highly Desirable Unit Mix: (10) 2-Bed / 1-Bath & (8) 1-Bed / 1-Bath
  • 66% Upside in Rental Income

EXECUTIVE SUMMARY

PROPERTY IS BEING SOLD WITH ADJACENT 6-UNIT BUILDING, 7914 DUCHESS DRIVE, 18 UNITS IN TOTAL FOR $2,995,000. 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 $166K per unit and $230/SF, the asset provides a 11 GRM and 5.25% 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. Drive by only. Do not contact tenants. Email listing agent for offering memorandum. Income and expenses listed below are for both properties combined.

PROPERTY FACTS

Price $2,995,000 Apartment Style Garden
Price Per Unit $166,389 Lot Size 0.49 AC
Sale Type Investment Building Size 13,000 SF
Cap Rate 5.25% Average Occupancy 100%
Gross Rent Multiplier 11 No. Stories 2
No. Units 18 Year Built 1958
Property Type Multifamily Parking Ratio 1.38/1,000 SF
Property Subtype Apartment
Zoning R-3-P & C-2-BE
Price $2,995,000
Price Per Unit $166,389
Sale Type Investment
Cap Rate 5.25%
Gross Rent Multiplier 11
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.49 AC
Building Size 13,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 1958
Parking Ratio 1.38/1,000 SF
Zoning R-3-P & C-2-BE

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 10 - -
1+1 8 - -
Walk Score®
Very Walkable (86)

PROPERTY TAXES

Parcel Numbers 8173-002-024, 8173-002-025 Improvements Assessment $263,866
Land Assessment $79,979 Total Assessment $343,845

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8173-002-024
  • 8173-002-025
Land Assessment
$79,979
Improvements Assessment
$263,866
Total Assessment
$343,845

MAP

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  • Listing ID: 36031577

  • Date on Market: 5/29/2025

  • Last Updated: 6/11/2025

  • Address: 7908 Duchess Dr, Whittier, CA 90606