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7816 Duchess DR Whittier, CA 90606
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Key Details
Sold Price $1,125,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24036102
Sold Date 06/27/24
HOA Y/N No
Year Built 1958
Lot Size 0.256 Acres
Property Description
Just Listed! Exceptional Investment Opportunity in Whittier - We are pleased to exclusively offer for sale this unique multi-family residential offering for discerning investors. Featuring all single-story construction, this well-maintained property comprises 2 charming detached cottages and 1 duplex (no common walls), blending comfort with convenience. The diverse unit mix includes two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, catering to a range of tenant preferences. Each unit boasts its own garage parking, ensuring ample space for tenants' vehicles, and private laundry hookups, adding a highly sought-after amenity that enhances the living experience. A notable advantage for investors is the utility arrangement; tenants are responsible for their own electricity and gas payments, which helps in keeping the operating expenses in check for the property owner. Furthermore, the property showcases a tremendous potential upside in rental income, with the possibility of increasing current rents by up to 50% (buyer and buyer's agent to verify any local rent control ordinances.) This presents a significant opportunity for investors looking to maximize their returns in a desirable location.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning LCR2YY
Rooms
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Interior
Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 8173002012
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jaime Sutachan • South Bay Executive Realty, Inc.