NOT LISTED FOR SALE

12112 Painter Ave Whittier, CA 90605

South Whittier Neighborhood

Estimated Value: $1,164,000 - $1,390,000

7 Beds
3 Baths
3,565 Sq Ft
$360/Sq Ft Est. Value

Last Sold March 23, 2012

Last sale price $555,000 $156 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $7,566/month

203 Days on Market

Highlights

  • 0.75 Acre Lot
  • Wood Flooring
  • Floor Furnace
  • California High School Rated A-
  • Laundry Room

About This Home

As of March 2012

Great investment property. 3 separate houses on a huge lot (32,560 sqft). One unit with 3 Bedroom, 1 bathroom. Two units with 2 bedroom, 1 bathroom. Has potential to be subdivided for future development. This lot has great Rental Income history. Don't miss this Rental Income opportunity at a superb location in Whittier.

Last Agent to Sell the Property

Margaret Sun

Coldwell Banker Envision License #01278646 Listed on: 07/15/2011

Last Buyer's Agent

David Yi

Akita Realty License #01123776

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 0.75

Parking

  • 2 Car Garage

Home Design

  • 3,565 Sq Ft Home

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • 0.75 Acre Lot
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 10298
  • Assessor Parcel Number 8026024006

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $50
  • Water Sewer Expense $200
  • Gross Income $4,250
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • View: No
  • Water Sewer Expenses: 200.00
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 8026024006
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Wood
  • Appliances: No
  • Price Per Square Foot: 155.68

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 32557.00
  • Lot Size Acres: 0.7500

Multi Family

  • Gross Income: 4250.00
  • Gross Scheduled Income: 51000.00
  • Lot Size Area: 32557.0000 Square Feet
  • Net Operating Income: 48000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3000.00
  • Rent Control: No

Tax Info

  • Tax Lot: 30
  • Tax Tract Number: 10298
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2014
Sold by
Nguyen Thu and Nguyen Vinh Thi
Bought by
The Thu Vinh Nguyen Revocable Living Tru
Current Estimated Value
$1,284,333

Purchase Details

Listed on
Jul 15, 2011
Closed on
Jan 24, 2012
Sold by
Wu Kwok Tien
Bought by
Nguyen Thu and Nguyen Vinh Thi
Seller's Agent
Margaret Sun
Coldwell Banker Envision
Buyer's Agent
David Yi
Akita Realty
List Price
$605,000
Sold Price
$555,000
Premium/Discount to List
-$50,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Original Mortgage
$388,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2007
Sold by
Yang Joseph C
Bought by
Wu Kwok Tien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2006
Sold by
Sussoev Jack
Bought by
Yang Joseph C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2005
Sold by
Sussoev Denise D
Bought by
Sussoev Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2005
Sold by
Pylant Debra Lee
Bought by
Sussoev Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 31, 2005
Sold by
Pylant Debra Lee and Fred M Hubbard Jr Trust Of 199
Bought by
Pylant Debra Lee

Purchase Details

Closed on
Aug 24, 1999
Sold by
Hubbard Fred M
Bought by
Hubbard Fred M and Fred M Hubbard Jr Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Thu Vinh Nguyen Revocable Living Tru -- None Available
Nguyen Thu -- None Available
Nguyen Thu $555,000 Ticor Title Company
Wu Kwok Tien $890,000 Investors Title Company
Yang Joseph C $845,000 Ticor Title Co Fullerton
Sussoev Jack -- First American Title Co
Sussoev Jack $625,000 First American Title Co
Pylant Debra Lee -- --
Hubbard Fred M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Thu $388,500
Previous Owner Wu Kwok Tien $637,500
Previous Owner Yang Joseph C $633,750
Previous Owner Sussoev Jack $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2012 03/23/12 Sold $555,000 -8.3% $156 / Sq Ft
02/03/2012 02/03/12 Pending -- -- --
07/15/2011 07/15/11 For Sale $605,000 -- $170 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $10,204 $697,100 $376,811 $320,289
2024 $9,535 $683,432 $369,423 $314,009
2023 $9,006 $670,032 $362,180 $307,852
2022 $9,067 $656,895 $355,079 $301,816
2021 $8,880 $644,016 $348,117 $295,899
2020 $8,791 $637,413 $344,548 $292,865
2019 $8,734 $624,916 $337,793 $287,123
2018 $8,259 $612,664 $331,170 $281,494
2016 $7,851 $588,875 $318,311 $270,564
2015 $7,662 $580,030 $313,530 $266,500
2014 $7,608 $568,669 $307,389 $261,280
Source: Public Records

Agents Affiliated with this Home

  • Margaret Sun

    Seller's Agent in 2012

    Margaret Sun

    Coldwell Banker Envision

    (626) 616-2380

    30 Total Sales

    Margaret Sun
    Section Image

  • D

    Buyer's Agent in 2012

    David Yi

    Akita Realty

    (562) 926-0232

    9 Total Sales

    David Yi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A11091333

California Regional Multiple Listing Service (CRMLS)

APN: 8026-024-006

California Los Angeles County Whittier 90605 South Whittier

12112 Painter Ave, Whittier, CA

Not Listed for Sale

MultiFamily

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