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Listing Details

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School Ratings & Info

Description

13942 Coteau Dr is an eight unit multifamily property located in the City of Whittier, California. The property has a solid unit mix of 100% two-bedroom units. The roof is newer and there is an on-site laundry room for tenants. There is no tuck under parking and the covered parking has storage lockers. The property is separately metered for gas and electric. This property is in a good central Whittier location right near major retail, educational, and employment opportunities. The property is also in close proximity to the I-5 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional value-add upside in a premier location within the city.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/115720449
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13942 Coteau Drive Whittier, CA 90604

  • Price: $2,390,000
  • Status: Active
  • Updated: 34 min ago
  • ID#: OC21066957
0
Beds
0
Baths
0
½ Baths
0.23
Acres
6,128
SQFT
$390
$/SQFT
1973
Built
Neighborhood:
670 - Whittier
County:
Los Angeles
Area:
670 - Whittier
Property Description
13942 Coteau Dr is an eight unit multifamily property located in the City of Whittier, California. The property has a solid unit mix of 100% two-bedroom units. The roof is newer and there is an on-site laundry room for tenants. There is no tuck under parking and the covered parking has storage lockers. The property is separately metered for gas and electric. This property is in a good central Whittier location right near major retail, educational, and employment opportunities. The property is also in close proximity to the I-5 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional value-add upside in a premier location within the city.
Exterior Features

Carport Spaces 9 Carport YN Yes Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 9 Open Parking Spaces 1 Parking Features ConcreteCoveredCarportDrivewayGaragePavedOne SpaceOn Street Parking Total 11 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Cap Rate 4.24 Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalks Current Financing None Electric Expense 672 Fuel Expense 1465 Garage YN Yes Gross Income 155376 Gross Scheduled Income 155376 Insurance Expense 2845 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 4000 Net Operating Income 101283 New Construction YN No New Taxes Expense 28578 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 50956 Pest Control Expense 600 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 12807 Trash Expense 7832 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 4611 Water Sewer Expense 4214 Water Source Public Zoning Lcr3*

Listing provided courtesy of Mark Bridge of Mark Bridge, Broker


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395