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$ 2,500,000
Est. payment /mo
Pending
7826 Duchess DR Whittier, CA 90606
0.46 Acres Lot
UPDATED:
12/13/2024 07:18 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24436867
HOA Y/N No
Year Built 1949
Lot Size 0.459 Acres
Property Description
The CREM Group is proud to present the exclusive offering of 7826 Duchess Drive in Whittier, CA an 11-unit multifamily property situated on a generous 19,984-square-foot lot. Built in 1949, this property offers a rare investment opportunity with stable returns and substantial rental upside. All units are separately metered for gas and electric, providing utility efficiency, and feature dedicated parking at the rear, accessible via driveways on both sides of the property. The CAP rate based on current income is 6.00% with a market CAP rate of 7.69%, positioned to attract both value-driven investors and those seeking stable cash flow. Located in the desirable city of Whittier, 7826 Duchess Drive benefits from a prime location near numerous local amenities that make it highly appealing to tenants. The property is just minutes from Whittier College, a well-regarded liberal arts institution, and the Whittier Union High School District, known for its strong academic programs and community engagement. Whittier's historic Uptown district, located less than 10 minutes away, offers a vibrant mix of dining, shopping, and entertainment options, including local favorites like The Bottle Room and The 6740, along with unique boutiques and the Whittier Village Cinemas. Whittier offers excellent connectivity to the greater Los Angeles area, with easy access to the 605 Freeway, providing a convenient commute to nearby employment hubs in downtown Los Angeles, Pasadena, and Orange County. The property is also near PIH Health Whittier Hospital, a major healthcare provider in the region, ensuring residents have access to quality medical care. For recreation, residents can enjoy nearby parks such as Hellman Park and Whittier Narrows, offering trails, picnic areas, and sports facilities. With its strategic location, community amenities, and strong local demand for rent al housing, 7826 Duchess Drive is an attractive investment opportunity with potential for both immediate income and long-term value appreciation.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning LCPYYY
Interior
Fireplace No
Others
Tax ID 8173002022
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
Listed by Mark Cianciulli • The CREM Group