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24411234
24411233

13504 Earlham, Whittier, CA 90602

MG
CA CA 02022646
Principle Quality Investments
Listed by Principle Quality Investments
$2,150,000
338 days on market
Updated 36 days ago

13504 Earlham

Details
APN 8138008004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,574
Units 3
Cap Rate 7.01%
NOI $150,803
Pro-Forma Cap Rate 9.37%
Pro-Forma NOI $201,437
Price per SqFt $386
Class B
Year Built 1903
Year Renovated 2016, 2024
Buildings 3
Stories 3
Acreage 0.252
Zoning Assessor
Parking Spaces 10 spaces
Parking Per SqFt 1.79

15 unit SRO in Prime Whittier College Area - Strong 6.12% Cap Rate (Actual) & 8.28% Cap Rate (market

Marketing description

Turnkey Trophy Property in Prime Uptown Whittier | Historic & Fully Renovated with Major Income Potential. Rare opportunity to acquire a 100% turnkey multi-family investment property in the heart of Uptown Whittierdirectly 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 property includes three beautifully maintained and updated residences: 13504: The original main home, built by Whittier Colleges first president, Charles Tebbets, and later owned by prominent local physician Dr. William Coffin, is a preserved piece of Whittiers 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 propertys 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 affo

Investment highlights

Key Highlights – Turnkey Investment in Uptown Whittier

  • 📍 Prime Location:

    • Directly across from Whittier College

    • Walking distance to Uptown Whittier shops, restaurants, and parks

  • 🏡 3 Fully Renovated Units:

    • 13504: Historic main home, built by Whittier College’s first president

    • 13508: Custom-built back house (constructed in 2017)

    • 13506: Brand-new ADU unit (built in 2024)

  • 🔧 Major Capital Improvements:

    • New roof, plumbing, and electrical systems

    • Restored original flooring and light fixtures

    • New concrete driveway, updated switches, doorknobs, and hardware

    • Designer clawfoot tubs and high-end finishes throughout

  • 📜 Mills Act Property:

    • Significant property tax savings that improve cash flow

  • 💰 Strong Investment Performance:

    • High rental demand due to location

    • Excellent long-term cash flow potential

    • Ideal for seasoned or first-time investors

  • 🏆 Trophy Asset:

    • Historic significance combined with modern functionality

    • Turnkey and meticulously maintained—ready for immediate income

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Listing Contacts

MG
CA CA 02022646
Principle Quality Investments
Listed by Principle Quality Investments

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,803.00
$12,566.92/mo

Valuation Metrics

0
DSCR
7.01%
Cap Rate
7.01%
ROI

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Additional Information

Name
Matthew Guerra
License
CA 02022646
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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