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7% Cap Rate | 143k Per Door | Mills Act 13504 Earlham Dr 3 Unit Apartment Building $2,150,000 ($716,667/Unit) 7.01% Cap Rate Whittier, CA 90602



Investment Highlights
- Prime Location - Directly across from Whittier College
- Excellent Cap Rate / GRM (7.01% / 10.54x) on Current Income!
- One(1) Unit Built In 2024, One(1) Unit Built In 2017, One(1) Unit Completely Renovated In 2017
- Major Capital Improvements: New Roof, New Plumbing, New Electrical, New HVAC, New Concrete Parking Surface, etc.
- Mills Act Property - Significant Tax Savings that improve Cash-Flow
- Attractive Rental Location Walking Distance To Restaurants, Parks, Schools, etc.
Executive Summary
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 Whittier—directly 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 triplex includes three beautifully maintained and updated
residences:
? 13504: The original main home, built by Whittier College’s first president, Charles Tebbet’s, and later owned by prominent
local physician Dr. William Coffin, is a preserved piece of Whittier’s 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 property’s 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 affordable, quality housing is in high demand, this investment promises exceptional
performance for years to come.
Don't miss this once-in-a-generation opportunity to own a piece of Whittier history with modern, cash-generating appeal
Rare opportunity to acquire a 100% turnkey multi-family investment property in the heart of Uptown Whittier—directly 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 triplex includes three beautifully maintained and updated
residences:
? 13504: The original main home, built by Whittier College’s first president, Charles Tebbet’s, and later owned by prominent
local physician Dr. William Coffin, is a preserved piece of Whittier’s 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 property’s 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 affordable, quality housing is in high demand, this investment promises exceptional
performance for years to come.
Don't miss this once-in-a-generation opportunity to own a piece of Whittier history with modern, cash-generating appeal
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Carpet
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 10+5 | 1 | - | - |
| 4+2 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 8138-008-004 | Improvements Assessment | $250,000 |
| Land Assessment | $375,000 | Total Assessment | $625,000 |
Property Taxes
Parcel Number
8138-008-004
Land Assessment
$375,000
Improvements Assessment
$250,000
Total Assessment
$625,000
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7% Cap Rate | 143k Per Door | Mills Act | 13504 Earlham Dr
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