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13932 Coteau Dr 12 Unit Apartment Building $3,175,000 ($264,583/Unit) 4.86% Cap Rate Whittier, CA 90604
Investment Highlights
- Well-Maintained 1977 Construction
- Ample Carport, Garage & Open Parking. Nearly 2:1 Parking Ratio
- New Electrical Panels, SB721 Compliant & New Asphalt
- Spacious 2 & 3 Bedroom Apartments (Averaging over 900 SF)
- Upgraded Interiors - Flooring, Countertops, Bathrooms & Appliances
- Incredible Location Adjacent to Candlewood Country Club
Executive Summary
This well-maintained 12-unit apartment community in the highly desirable city of Whittier offers a compelling value-add opportunity at an attractive basis of $264,583/unit and $281/SF. The property features spacious 2 and 3 bedroom units averaging over 900 SF, complemented by an excellent parking ratio of nearly 2:1 with a mix of carports, garages, and open spaces. Interiors have been nicely upgraded with modern flooring, countertops, renovated bathrooms, and updated appliances, while significant capital improvements, including new electrical panels, SB721 compliance, and new asphalt, provide peace of mind for future ownership. Ideally located adjacent to Candlewood Country Club, the property benefits from a strong rental market driven by Whittier's desirable suburban character, proximity to major employment centers, and continued demand for quality housing. With approximately 34% rental upside, investors have a clear path to increased cash flow and long-term appreciation.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,175,000 | Apartment Style | Low-Rise |
| Price Per Unit | $264,583 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 4.86% | Building Size | 11,289 SF |
| Gross Rent Multiplier | 11.99 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Zoning | R3, County | ||
| Price | $3,175,000 |
| Price Per Unit | $264,583 |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Gross Rent Multiplier | 11.99 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 11,289 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | R3, County |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
Site Amenities
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 840 |
| 3+2 | 2 | - | 1,300 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8031-004-008 | Total Assessment | $2,781,916 |
| Land Assessment | $1,390,958 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,390,958 | Tax Year | 2025 |
Property Taxes
Parcel Number
8031-004-008
Land Assessment
$1,390,958
Improvements Assessment
$1,390,958
Total Assessment
$2,781,916
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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13932 Coteau Dr
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