NOT LISTED FOR SALE

12429 Lambert Rd Whittier, CA 90606

Estimated Value: $1,454,000 - $1,932,000

10 Beds
6 Baths
4,810 Sq Ft
$341/Sq Ft Est. Value

Last Sold April 12, 2022

Last sale price $1,250,000 $260 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $10,849/month

16 Days on Market

Highlights

  • 0.43 Acre Lot
  • No HOA
  • 2 Car Garage
  • Private Yard
  • Laundry Room
  • Rectangular Lot

About This Home

As of April 2022

4-unit quadraplex with a mix of 3 – 2Bed, 1 Bath and 1 – 4 bed 2 bath. Properties do require updates and maintenance. Property requires ALL CASH or hard money loan due to condition of 3rd unit. Will not qualify for conventional financing. Both front units closest to Lambert are tenant occupied with month-to-month contracts. Both back units will be vacant upon close of escrow. Do not disturb tenants contact agent for questions. Submit offers subject to interior inspection and send proof of funds.

Last Agent to Sell the Property

Jon Long

Ardent Real Estate Group, Inc. License #01850579 Listed on: 02/08/2022

Last Buyer's Agent

Jon Long

Ardent Real Estate Group, Inc. License #01850579 Listed on: 02/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,884

Year Built

  • Built in 1929

Lot Details

  • 0.43 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 4,810 Sq Ft Home
  • Fixer Upper

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, grounds care, gas, trash collection, water
  • Tax Lot 5
  • Tax Tract Number 5021
  • Assessor Parcel Number 8170034003

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $131
  • Insurance Expense $1,714
  • Maintenance Expense $1,539
  • New Taxes Expense $22,287
  • Operating Expense $3,442
  • Gross Income $90,240
  • Net Operating Income $86,782

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,884

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 318750
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Zoning: WHM1*
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 8170034003
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 259.88

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Level, Yard
  • Lot Size Sq Ft: 18649.00
  • Lot Size Acres: 0.4281

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Grounds Care, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 131.12
  • Gross Income: 90240.00
  • Gross Operating Income: 86782.00
  • Gross Scheduled Income: 90240.00
  • Insurance Expense: 1714.00
  • Lot Size Area: 18649.0000 Square Feet
  • Maintenance Expense: 1539.00
  • Net Operating Income: 86782.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 3458.00
  • Rent Control: No
  • Total Actual Rent: 31440.00
  • Total Expenses: 3442.00

Tax Info

  • New Taxes Expense: 22287.00
  • Tax Census Tract: 5021.00
  • Tax Lot: 5
  • Tax Tract Number: 5021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
Villamil Eloy
Bought by
Jeb Family Investments Llc
Current Estimated Value
$1,724,571

Purchase Details

Closed on
Mar 22, 2023
Sold by
Rivas Monica N Pena
Bought by
Villamil Eloy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,168,000
Interest Rate
6.12%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 8, 2022
Closed on
Mar 4, 2022
Sold by
Pat Lokken Trust
Bought by
Jeb Family Investments Llc
Seller's Agent
Jon Long
Ardent Real Estate Group, Inc.
Buyer's Agent
Jon Long
Ardent Real Estate Group, Inc.
List Price
$1,275,000
Sold Price
$1,250,000
Premium/Discount to List
-$25,000
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$1,125,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2015
Sold by
Lokken Dorothe E and Lokken Pat
Bought by
Lokken Dorothe E and Pat Lokken Trust
Source: Public Records

Range of Values:

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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
Jeb Family Investments Llc -- --
Villamil Eloy -- Wfg Title Company
Villamil Eloy -- Wfg Title Company Of Californi
Jeb Family Investments Llc $1,300,000 First American Title Company O
Lokken Dorothe E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villamil Eloy $1,168,000
Previous Owner Jeb Family Investments Llc $1,125,000
Previous Owner Jeb Family Investments Llc $1,125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2022 04/12/22 Sold $1,250,000 -2.0% $260 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $1,275,000 -- $265 / 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 $15,884 $1,326,509 $848,966 $477,543
2024 $15,884 $1,300,500 $832,320 $468,180
2023 $15,509 $1,275,000 $816,000 $459,000
2022 $4,318 $266,446 $138,140 $128,306
2021 $4,567 $261,223 $135,432 $125,791
2020 $4,385 $258,546 $134,044 $124,502
2019 $4,449 $253,477 $131,416 $122,061
2018 $4,091 $248,508 $128,840 $119,668
2016 $3,605 $238,860 $123,838 $115,022
2015 $3,545 $235,273 $121,978 $113,295
2014 $3,516 $230,665 $119,589 $111,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22024908

California Regional Multiple Listing Service (CRMLS)

APN: 8170-034-003