13649 Foxley Dr - Apartments FOR SALE


Whittier, CA 90605- East Whittier City
$2,490,000 USD
949-607-7096
13649 Foxley Dr, Whittier, CA for Sale
$2,490,000 USD
Apartments - FOR SALE
1/23
null | 6.16% Cap Rate

13649 Foxley Dr
Whittier, CA 90605
East Whittier City


HIGHLIGHTS

  • 6.16% Cap Rate & 10.47 GIM on Current Income
  • Fully Stabilized Asset - Beautiful Turnkey Property
  • Over $380,000 in Recent Capital Improvements
  • Large 23,080 Square Foot Lot - Private Retreat-Like Atmosphere
  • Brand New ADU - Completed in 2023
  • Front House has it's own Backyard and 8 of 9 Units Feature Private Patios

OVERVIEW

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 $380,000 in recent capital improvements. Some of the improvements include (1) studio ADU, upgraded interiors with upgraded plumbing and electrical, new dual pane vinyl 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.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

10

PRICE/UNIT

$249,000

CAP RATE

6.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units | $249k/Unit | All Single Story

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,080 SF

ZONING

WHRA*

APN/PARCEL ID

8163-026-009

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.