13536 Olive Drive , A-D

    Whittier, CA 90601
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 26 days
    • ID#: PW19199293
    Under Contract
    UPDATED: 49 min ago
    $1,150,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,648
      SQFT
    • $315
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    Excellent Opportunity for the Right Investor who is looking for High Occupancy Rates and Low Risks. Perfectly located Fourplex is situated near uptown Whittier on a quiet residential street and within walking distance to Whittier College. It's never a problem finding qualifying tenants for these units in this Highly Desirable area of Whittier Each Private unit offers its own exterior entrance with 2 bedrooms, 1 bathroom, a roomy living room, and light and bright kitchen. Some units have patios or small backyards as well. the floor plans are great. This hard to find Investment property also includes garage parking for each unit with three 2 Car garages Even better, there is a community laundry and individual meters for each unit! With no rent control, easy maintaining, no on-site manager required, and stable/paying tenants, this property just might be what you are looking for. Please do not disturb tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-16T08:26:59.693. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98155542

    13536 Olive Drive , A-D Whittier, CA 90601

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 49 min ago
    • ID#: PW19199293
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,648
    SQFT
    $315
    $/SQFT
    1973
    Built
    Neighborhood:
    670 - Whittier
    County:
    Los Angeles
    Area:
    670 - Whittier
    Property Description
    Excellent Opportunity for the Right Investor who is looking for High Occupancy Rates and Low Risks. Perfectly located Fourplex is situated near uptown Whittier on a quiet residential street and within walking distance to Whittier College. It's never a problem finding qualifying tenants for these units in this Highly Desirable area of Whittier Each Private unit offers its own exterior entrance with 2 bedrooms, 1 bathroom, a roomy living room, and light and bright kitchen. Some units have patios or small backyards as well. the floor plans are great. This hard to find Investment property also includes garage parking for each unit with three 2 Car garages Even better, there is a community laundry and individual meters for each unit! With no rent control, easy maintaining, no on-site manager required, and stable/paying tenants, this property just might be what you are looking for. Please do not disturb tenants.
    Exterior Features

    Architectural Style Custom Built Construction Materials StuccoWood Siding Direction Faces Northeast Fence YN Yes Fencing Wood Foundation Details Slab Garage Spaces 6.00 Lot Features Corner LotFront YardGentle SlopingLawnLevel With StreetPark NearbySprinkler SystemSprinklers On SideWalkstreetYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDriveway Down Slope From StreetGarageGarage Faces FrontGarage - Two DoorParking SpaceShared DrivewaySide By Side Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof CompositionSpanish Tile Spa Features None Spa YN No View City LightsNeighborhood View YN Yes

    Interior Features

    Appliances Electric OvenElectric RangeElectric Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 912 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Door Features Sliding Doors Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Electric Heating YN Yes Laundry Features Common AreaElectric Dryer HookupIn GarageWasher Hookup Levels Two Room Type KitchenLiving RoomMain Floor Bedroom

    Property Features

    Accessibility Features No Interior Steps Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.50 Community Features GuttersStreet LightsSuburban Country Us Electric 220 Volts in Garage Electric Expense 1200.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 71442.00 Gross Multiplier 15.46 Gross Operating Income 71442.00 Gross Scheduled Income 72900.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2000.00 Net Operating Income 63642.00 New Construction YN No New Taxes Expense 11500.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 7800.00 Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Tenant Pays All UtilitiesCable TvElectricityWater Total Actual Rent 6075.00 Total Expenses 7800.00 Trash Expense 1200.00 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Vacancy Allowance 1458 Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Whr4*

    Listing provided courtesy of Craig Martin of T.N.G. Real Estate Consultants


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-16T08:26:59.693. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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