13726 Franklin St - 5 Units Uptown Whittier - 19% Upside + 3 ADU 5 Unit Apartment Building Offered at $1,879,350 CAD at a 5.67% Cap Rate Whittier, CA 90602

Well-maintained 5-unit asset in Uptown Whittier with approximately 19% rental upside and potential to add up to 3 ADU units (Buyer to verify).
The Asset: The property has been thoughtfully maintained over the years and benefits from incredibly stable tenancy. The unit mix is diverse and includes (1) standalone 3 Bed / 1 Bath single-family house in the front with its own tandem parking space, (1) Studio, (2) 2 Bed / 1 Bath, and (1) stand-alone 2 Bed / 1 Bath single-family unit over 3 garages at the rear of the property. All units feature in-unit washer/dryers, the front house has a large private backyard, the three middle units enjoy private patios, and the rear building has a large outdoor grass area.
Recent Capital Improvements: Current ownership has invested approximately $35,000 in recent improvements, including fresh exterior paint on all three structures (with stucco and wood repairs), a new roof layer on the middle building, roof maintenance to the front and rear houses, fence replacement and staining, a new EQ valve on the gas system, a new water heater serving the studio, new glazing on the front house metal windows, fascia board replacement, and inspections and minor repairs to the plumbing and electrical systems. As a result, a new owner inherits an asset with minimal deferred maintenance.
Value-Add Upside: The property offers approximately 19% organic rental upside, providing immediate cash flow with meaningful growth potential. Additionally, two on-site areas have been identified for potential ADU development: a large pad between the front two buildings that could accommodate a two-story, two-unit ADU structure, and (3) on-site garages that could be converted into ADU units. In total, there is potential to add up to 3 ADU units, increasing density on the site by approximately 60% (Buyer to verify).