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6.12% Actual Cap Rate in Uptown Whittier 13504 Earlham Dr 3 Unit Apartment Building $3,488,404 CAD ($1,162,801 CAD/Unit) 6.12% Cap Rate Whittier, CA 90602



INVESTMENT HIGHLIGHTS
- Prime Location: Directly across from Whittier College. Walking distance to Uptown Whittier shops, restaurants, and parks.
- Major Capital Improvements: New roof, copper plumbing, sewer line, electrical systems, restored original flooring and interior, new concrete driveway
- Strong Investment Performance: High rental demand for affordable units, excellent cash flow, Ideal for seasoned or first time investors
- Fully Renovated Units: Historic main building, custom-built back house (constructed 2017), brand new ADU unit (built 2024)
- Mills Act Property: Significant Tax Savings (transferrable with property)
- Attractive Financing Options: 30yr residential financing available ready for immediate income and cash flow
EXECUTIVE SUMMARY
Rare opportunity to acquire a 100% turnkey multi-structure investment property in the heart of Uptown Whittier—directly across from Whittier College and just steps from the area's vibrant shops, restaurants, and parks. This exceptional asset blends historic charm, modern upgrades, and unbeatable location, offering tremendous long-term cash flow and appreciating value.
Ideal for both seasoned and first-time investors, this cash-flowing triplex includes three beautifully maintained and updated residences:
13504: The original main home, built by Whittier College’s first president, Charles Tebbet’s, and later owned by prominent local physician Dr. William Coffin, is a preserved piece of Whittier’s heritage.
13508: A fully permitted, custom-built back house constructed in 2017.
13506: A brand-new third unit (ADU) built in 2024, adding even more upside to your investment portfolio.
Every inch of this property has been thoughtfully renovated with no expense spared, including:
New roof and plumbing
Updated electrical and light fixtures
Restored original flooring
Clawfoot tubs
Modern switches, hardware, and finishes
Fresh concrete driveway
And much more.
Adding to the property’s appeal is its Mills Act designation, which provides significant property tax savings, boosting your net income and increasing ROI.
With high rental demand, walkability, and Whittier College right across the street, this is a rare chance to own a trophy asset in a blue-chip location. In a market where affordable, quality housing is in high demand, this investment promises exceptional performance for years to come.
Don't miss this once-in-a-generation opportunity to own a piece of Whittier history with modern, cash-generating appeal.
Ideal for both seasoned and first-time investors, this cash-flowing triplex includes three beautifully maintained and updated residences:
13504: The original main home, built by Whittier College’s first president, Charles Tebbet’s, and later owned by prominent local physician Dr. William Coffin, is a preserved piece of Whittier’s heritage.
13508: A fully permitted, custom-built back house constructed in 2017.
13506: A brand-new third unit (ADU) built in 2024, adding even more upside to your investment portfolio.
Every inch of this property has been thoughtfully renovated with no expense spared, including:
New roof and plumbing
Updated electrical and light fixtures
Restored original flooring
Clawfoot tubs
Modern switches, hardware, and finishes
Fresh concrete driveway
And much more.
Adding to the property’s appeal is its Mills Act designation, which provides significant property tax savings, boosting your net income and increasing ROI.
With high rental demand, walkability, and Whittier College right across the street, this is a rare chance to own a trophy asset in a blue-chip location. In a market where affordable, quality housing is in high demand, this investment promises exceptional performance for years to come.
Don't miss this once-in-a-generation opportunity to own a piece of Whittier history with modern, cash-generating appeal.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,488,404 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,162,801 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6.12% | Building Size | 5,574 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.61/1,000 SF |
| Zoning | WHR4* - Multifamily Zoning | ||
| Price | $3,488,404 CAD |
| Price Per Unit | $1,162,801 CAD |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,574 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2024 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | WHR4* - Multifamily Zoning |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Carpet
- Porch
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (89)
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6.12% Actual Cap Rate in Uptown Whittier | 13504 Earlham Dr
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