First time on the market in over 40 years! Property is located north of Whittier Blvd., near the acclaimed Whittier College. This 4 unit property consists of a triplex plus a stand-alone single-family home on an enormous 13,495 square foot lot. The house has 2 bedrooms with a huge enclosed, shaded, and fenced backyard, as well as a covered front porch overlooking the front yard (perfect for owner occupant)! The triplex has 2 one-bedroom units and 1 two-bedroom unit. Units have many cottage-style features and accents, including hardwood floors. These highly desired units are super easy to rent when a rare vacancy does come up. Property is within walking distance to Whittier College, Whittier Public Library, Whittier Community Center, as well as the center of town, Uptown Whittier with its numerous eateries and businesses. Long-term, high-quality tenants with rents below market, give the potential for upside in rents – see proforma numbers. Units are separately metered, each with its own water heater, refrigerator, gas stove, garbage disposal, ceiling fans, window a/c units. Each unit has its own washer, dryer, and sink basin, as well as its own enclosed single garage with a parking space in front of the garage. Front porches feature a locking screen door and each unit also has a rear door entry with a rear garden area.
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Listing Courtesy of Thomas Santoro of Crane Real Estate
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Building Size: 3,171 Sq. Ft.
Lot Size: 13,495 Sq. Ft.
Cap Rate: 3.82%
Price Per Sq Ft: $386.31
Address: 13508 Mar Vista St.
Year Built: 1949
Price Per Unit: $306,250
Parking: Garage & Spaces