13423 Olive Drive Whittier, CA 90601
We are pleased to exclusively offer for sale this 4 Unit Multi-Family investment located in the unique 90601 submarket of Whittier. This 5, 788 SF lot is steps away from Whittier College and strategically positioned near Uptown Whittier. Within the last (3) years there have been only 5 other 4-Unit properties sold within a half mile. In addition to the building’s excellent location, one of the features is (3) fully remodeled units, including one upstairs that was completed in 2023. The building has been outfitted with copper plumbing and new electrical throughout and (2) of the units are equipped with tankless water heaters. Further, (2) additional units have been upgraded totaling 3 remodeled units. Along these lines, the property presents itself as an excellent Owner User opportunity for Buyer(s) looking to live in one of the units while utilizing the income from the other (3) to offset their annual debt service. As it stands, the offering presents strong day 1 income with a current CAP Rate of 4.61% and future upside with a pro forma CAP Rate of 6.41%. In addition, the tenants have access to a back lot equaling at least (4) Total Parking Spaces on site, which is especially significant in this parking impacted submarket. On top of this, there is a large back yard that is ideally suited for an ADU for investors looking to increase their annual Cash Flow. All in all, the building’s close proximity to Whittier College, Uptown Whittier, etc. and the vast dining, shopping, and entertainment options therein provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site220 Days
- MLS StatusActive Under Contract
- MLS ID NumberSB23148269
- Home Size Source N/A
- Year Built1903
- Lot Size0.1329 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Craftsman
- Construction BrickWood Siding
- Parking DrivewayConcretePavedDriveway Up Slope From StreetOn SiteParking SpacePrivateSide by Side
- Parking Spaces 4
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.1329
- Water Public
- Property Sub Type Quadruplex
- Garage Spaces 0
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
- Zoning WHR4*
- Listing Conditions Standard
- Property Condition Updated/ Remodeled
Interior Features
- Cooling Central Air
- Heating Wall Furnace
- Appliances Gas OvenGas CooktopMicrowaveRange HoodRefrigeratorWater Heater
- Flooring Wood
- Interior Granite CountersOpen Floorplan
- Fireplace Features None
- Laundry Features None
- Fireplace No
Exterior Features
- Roof CompositionShingle
- View CourtyardHillsNeighborhood
- Fencing Wood
- Spa No
- Pool Features None
- Spa Features None
- Exterior Rain Gutters
- Lot Front YardLandscapedRectangular LotYard
- Road Frontage City Street
Community Features
- Community Features BikingCurbsFoothillsGolfHikingStorm Drains
- Senior Community No
- MLS Area 670 - Whittier