See all 14 photos
14 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,295,000
Est. payment /mo
12 Beds
6 Baths
4,836 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,836 sqft
Price per Sqft $267
MLS Listing ID 25545425
Bedrooms 12
HOA Y/N No
Year Built 1960
Lot Size 8,176 Sqft
Property Description
PROPERTY IS BEING SOLD WITH ADJACENT 12-UNIT BUILDING, 7908 DUCHESS DRIVE, 18 UNITS IN TOTAL FOR $3,600,000. We are pleased to present 7908 & 7914 Duchess Drive in Whittier, an 18-unit multifamily investment built in 1958 and 1960, spanning two contiguous parcels and featuring a highly desirable unit mix of (10) two-bedroom/one-bath and (8) one-bedroom/one-bath units. The offering includes a 12-unit building zoned R-3-P and an adjacent 6-unit building operating under legal non-conforming status within C-2-BE zoning. Priced at $200K per unit and $277/SF, the asset provides a 13.23 GRM and 4.02% cap rate on current income, with massive upside in the rental income. Each unit is separately metered for gas and electricity, and the property offers 17 detached carport spaces, 1 open parking space, and an on-site laundry facility. Located near major freeways and retail corridors in a strong rental market, this is a prime value-add opportunity with long-term growth potential. The property is subject to the Los Angeles County Rent Stabilization Program.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning C-2-BE
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Detached Carport
Attached Garage No
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8173002025
Special Listing Condition Standard
Read Less Info
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty