NOT LISTED FOR SALE

12314 Clearglen Ave Whittier, CA 90604

East Whittier Neighborhood

Estimated Value: $1,337,000 - $1,875,000

8 Beds
4 Baths
4,402 Sq Ft
$371/Sq Ft Est. Value

Last Sold June 02, 2015

Last sale price $975,000 $221 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $9,767/month

16 Days on Market

Highlights

  • Tile Flooring
  • Meadow Green Elementary School Rated A-
  • Back and Front Yard

About This Home

As of June 2015

4 units condo style apartment located in a prime location of Whittier. Property features condo style apartment with tile flooring, living room, kitchen with granite countertops, half bathroom on the first level and laminated wood flooring (unit C), carpeting (unit A, B and D), two bedroom and one bathroom with granite countertops on the second level, private backyard for each unit, secured entrance, 6 carport. Each unit has a separate electric meters, no gas meters present. Rents are below market. Upside potential.

Last Agent to Sell the Property

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 04/01/2015

ReMax 2000 Realty

Last Buyer's Agent

Rita Chang

Pinnacle Real Estate Group License #01952728

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,363 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 6 Carport Spaces

Home Design

  • 4,402 Sq Ft Home
  • Composition Roof

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 59
  • Tax Tract Number 24959
  • Assessor Parcel Number 8035018009

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $1,800
  • Trash Expense $1,332
  • Water Sewer Expense $1,620
  • New Taxes Expense $11,211
  • Gross Income $5,410
  • Net Operating Income $44,067

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

8,363 Sq Ft Lot

Listing Details

  • CapRate: 4.50
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1620.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8035018009
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 221.49

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Appliances: Electric Oven, Electric Cooktop
  • Sewer: Sewer Paid
  • Trash Expense: 1332.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Back Yard, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8363.00
  • Lot Size Acres: 0.1920

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 5410.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 65040.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 8363.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 44067.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19023.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11211.00
  • Tax Lot: 59
  • Tax Tract Number: 24959

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2015
Closed on
Apr 21, 2015
Sold by
Davio Mark J and Davio David Wendelyn
Bought by
Choi Mei Shan
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
Rita Chang
Pinnacle Real Estate Group
List Price
$975,000
Sold Price
$975,000
Current Estimated Value
$1,633,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$658,472
Avg. Annual Appreciation
4.89%
Original Mortgage
$663,000
Outstanding Balance
$507,040
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$1,126,432

Purchase Details

Closed on
Aug 22, 2005
Sold by
Munoz Idelfonso and Munoz Maria Valdez
Bought by
Davio Mark J and Davio Wendelyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$666,650
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 27, 2005
Sold by
Munoz Idelfonso and Munoz Maria Valdez
Bought by
Munoz Idelfonso and Munoz Maria Valdez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$666,650
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 21, 2004
Sold by
Munoz Idelfonso and Munoz Maria Valdez
Bought by
Munoz Idelfonso and Munoz Maria Valdez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2001
Sold by
Sloan Gary K and Sloan Mary J
Bought by
Munoz Idelfonso and Valdez Munoz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,806
Interest Rate
6.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Choi Mei Shan $975,000 First American Title
Davio Mark J $833,500 Chicago Title
Munoz Idelfonso -- Chicago Title
Munoz Idelfonso -- --
Munoz Idelfonso $368,500 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Mei Shan $663,000
Previous Owner Davio Mark J $666,650
Previous Owner Munoz Idelfonso $83,300
Previous Owner Munoz Idelfonso $475,000
Previous Owner Munoz Idelfonso $362,806
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2015 06/02/15 Sold $975,000 0.0% $221 / Sq Ft
04/17/2015 04/17/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $975,000 -- $221 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,085 $1,171,794 $721,106 $450,688
2024 $14,085 $1,148,818 $706,967 $441,851
2023 $13,448 $1,126,293 $693,105 $433,188
2022 $13,324 $1,104,210 $679,515 $424,695
2021 $13,041 $1,082,560 $666,192 $416,368
2020 $13,017 $1,071,461 $659,362 $412,099
2019 $12,713 $1,050,453 $646,434 $404,019
2018 $12,093 $1,029,857 $633,759 $396,098
2016 $11,570 $989,868 $609,150 $380,718
2015 $10,837 $947,513 $375,229 $572,284
2014 -- $928,953 $367,879 $561,074
Source: Public Records

Agents Affiliated with this Home

  • Katie Chai

    Seller's Agent in 2015

    Katie Chai

    RE/MAX

    (909) 728-7888

    12 Total Sales

    Katie Chai
    Section Image

  • R

    Buyer's Agent in 2015

    Rita Chang

    Pinnacle Real Estate Group

    (909) 860-8100

    39 Total Sales

    Rita Chang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15068071

California Regional Multiple Listing Service (CRMLS)

APN: 8035-018-009

California Los Angeles County Whittier 90604 East Whittier

12314 Clearglen Ave, Whittier, CA

Not Listed for Sale

MultiFamily

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