Seller's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
126 Total Sales
10203 Ruoff Ave Whittier, CA 90604
South Whittier Neighborhood
20
Beds
10
Baths
10,434
Sq Ft
0.38
Acres
Highlights
- 0.38 Acre Lot
- California High School Rated A-
- Laundry Room
About This Home
As of August 2024NEW PRICE! Current 5.6% CAP Rate and a 12.5 GRM! We are proud to exclusively offer for sale this investment opportunity located in the highly sought after rental community of Whittier. This 12 unit residential multi-family investment property is comprised of all LARGE, well-designed 2-bedroom/1-bathroom apartments, spread across 3 separate structures, all of which provide comfortable and spacious living spaces. The property boasts newer copper plumbing throughout, ensuring durability and reduced maintenance concerns. A new roof, installed in 2020, adds to the property's long-term value and appeal. The total rental square footage is an impressive 10,434 sq ft, set on a generous 16,465 sq ft lot, providing ample space for tenants and potential future ADU enhancements (buyer to verify with city authorities.)
Each unit is separately metered for electricity and gas, allowing for straightforward utility management and minimizing operating expenses. Tenants benefit from onsite car-port parking, enhancing convenience and desirability. Additionally, while the laundry facility is currently not in use, it offers an added value potential for future activation.
Currently priced at a 5.6% CAP Rate and a 12.5 GRM, this property promises a solid return on investment. This is a rare opportunity to acquire a well-maintained, high-demand property in a thriving rental market.
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 06/11/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 0.38 Acre Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 10,434 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 20 Bedrooms
- 10 Bathrooms
Parking
- 4 Open Parking Spaces
- 17 Parking Spaces
- 13 Carport Spaces
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 2
- Tax Tract Number 22667
- Assessor Parcel Number 8152007050
- $3,834 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 12 Units
Building Details
- 11 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Insurance Expense $10,500
- Maintenance Expense $9,000
- Other Expense $1,800
- Trash Expense $3,852
- Water Sewer Expense $7,048
- New Taxes Expense $34,710
- Operating Expense $67,510
- Gross Income $249,996
- Net Operating Income $174,986
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $3,050,000 | -2.4% | $292 / Sq Ft |
| 07/23/2024 07/23/24 | Pending | -- | -- | -- |
| 06/19/2024 06/19/24 | Price Changed | $3,125,000 | -5.2% | $300 / Sq Ft |
| 06/11/2024 06/11/24 | For Sale | $3,295,000 | -- | $316 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,994 | $3,050,000 | $1,680,000 | $1,370,000 |
| 2024 | $20,994 | $1,483,820 | $420,294 | $1,063,526 |
| 2023 | $19,994 | $1,454,726 | $412,053 | $1,042,673 |
| 2022 | $19,596 | $1,426,203 | $403,974 | $1,022,229 |
| 2021 | $19,193 | $1,398,239 | $396,053 | $1,002,186 |
| 2019 | $18,831 | $1,356,967 | $384,306 | $972,661 |
| 2018 | $18,228 | $1,330,365 | $376,771 | $953,594 |
| 2016 | $17,202 | $1,278,515 | $362,142 | $916,373 |
| 2015 | $17,087 | $1,259,312 | $356,703 | $902,609 |
| 2014 | $16,911 | $1,234,645 | $349,716 | $884,929 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
JUAN COVARRUBIAS
Buyer's Agent in 2024
JUAN COVARRUBIAS
UNITED CAPITAL REALTY
(626) 222-3045
2 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24118725
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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