“Franklin Heights”

Lee & Associates and Realty Executives are pleased to present the opportunity to purchase a 16unit threebuilding (one unit over garage structure) nonrentcontrolled multifamily site in the desirable community of Uptown in Whittier, CA. The property features one and twobedroom units and consists ofapproximately 10,353 of net rentable square feet on 10,019 square feet of land. The recently updated garden style buildings are well located within awalkable and treelinedresidential neighborhood.Originally built in 1971, the property has undergone extensive renovations and is positioned well for additional improvements to be made as tenants rollover. Within the past twentyfour (24) months, ten (10) units have been upgraded and rental rates have subsequently been increased to market rents. Upgrades included in the renovations are stainless steel appliances (including range hoods), granite countertops, shakerstyle cabinets, and luxury vinylplank flooring. Additionally, there is potential to add more square footage/ADU (assessory dwelling unit) over the garages in the rear of the property. Whittier is currently one of the most attractive growing cities in Los Angeles County for it’s strong demographics, and close proximity to Orange County. It’s central location allows for an easy commute to many strong employment hubs. Over the past five to ten years Whittier has blossomed with newcafes, chic restaurants, retail shops, and new housing. Due in large part to the excellent school systems, community centered culture and local privatecollege, the city is attracting a desirable demographic base of affluent, young and family oriented populace. Once connected by the new Eastside MetroLine, it’s growth will be unstoppable.

Listing courtesy of Christie Abbot of Lee & Associates Los Angeles West Inc.

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