$1,860,000
SOLD JUN 4, 2025
12 Beds
12 Baths
4,925 Sq Ft
8,859 Sq Ft Lot

Recently Sold

$378 Per Sq Ft

12% Below List Price

104 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 3-minute walk to John Greenleaf Whittier Park
  • Laundry Room

About This Home

As of June 2025

**Huge Price Drop! Reduced by $145,000**100% Occupied** This well-maintained six-unit apartment complex, built in 1986, is located at the corner of Penn St and Newlin Ave in the highly desirable Uptown Whittier area. With a building size of 4,925 sq. ft. on an 8,856 sq. ft. lot, the property features two buildings: Front building has 2 single-story units, each with 2 bedrooms and 2 bathroom. The back building has 4 townhouse-style units, each with 2 bedrooms and 1.5 bathrooms. 100% occupied. All tenants pay rent on time, it is an easy manage building! Central air and heating with four systems have been upgraded in the recent years. Two-car garage for each unit; total 12 garage parking spaces. Private balconies for each end units. The common area includes a laundry room that generates income. The revenue is shared with the laundry company and there's no hassle with machine maintenance. Recent building update also includes fresh exterior paint, two units had newly remodeled kitchens. The Balcony and Stairs inspection has been done with a complete report. A 100 Gal water heater for the whole complex is 6 years new. Conveniently located near Whittier College, Whittier museum, City Hall, PD, churches and many shops, the complex attracts long-term tenants! This excellent apartment property with a strong track record of timely rent payments, will be your next perfect investment opportunity for steady rental income and portfolio growth. Note-buyer to cooperated with seller's 1031 exchange.

Last Agent to Sell the Property

Jenifer Chow

Doubletree Realtors Brokerage Phone: 626-278-0946 License #01181503 Listed on: 01/18/2025

Last Buyer's Agent

Gail Duchetta

Landmark Realty Services License #01067811

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,570

Year Built

  • Built in 1986

Lot Details

  • 8,859 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 12 Car Garage

Home Design

  • Apartment
  • Flat Roof Shape

Interior Spaces

  • 4,925 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / K
  • Tax Tract Number 501
  • Assessor Parcel Number 8141005029
  • $2,542 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,485
  • Fuel Expense $1,753
  • Gardener Expense $1,200
  • Insurance Expense $1,794
  • Pest Control $800
  • Trash Expense $3,984
  • Water Sewer Expense $3,339
  • Gross Income $152,327

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,570

Year Built

Built in 1986

Lot Details

0

Parking

12

Listing Details

  • Other Phone Number: 626-278-0946
  • Price Per Unit: 330000
  • Property Attached: Yes
  • Water Sewer Expenses: 3339.00
  • Zoning: WHC0*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8141005029
  • Year Built: 1986
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 2nd floor
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 377.66
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Pest Control Expense: 800.00
  • Sewer: Public Sewer
  • Trash Expense: 3984.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8859.00
  • Lot Size Acres: 0.2034

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1485.00
  • Fuel Expense: 1753.00
  • Gross Income: 152327.00
  • Gross Scheduled Income: 151800.00
  • Insurance Expense: 1794.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 527.00
  • Lot Size Area: 8859.0000 Square Feet
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Rent Control: Yes

Tax Info

  • Tax Block: K
  • Tax Census Tract: 5018.03
  • Tax Lot: 2
  • Tax Tract Number: 501...
  • TaxOtherAnnualAssessmentAmount: 2542.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2025
Closed on
May 12, 2025
Sold by
S & P Penn Investment Llc
Bought by
Lupo Family Trust and Lupo
Seller's Agent
Jenifer Chow
Doubletree Realtors
Buyer's Agent
Gail Duchetta
Landmark Realty Services
List Price
$2,125,000
Sold Price
$1,860,000
Premium/Discount to List
-$265,000
-12.47%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
109.50%

Purchase Details

Closed on
Aug 8, 2009
Sold by
Hsiao Po Wen and Hsiao Su Wen
Bought by
S & P Penn Investment Llc

Purchase Details

Closed on
Jan 15, 2009
Sold by
Chung Kyung Seok and Chung Woo Seung
Bought by
Hsiao Po Wen and Chung Woo Seung

Purchase Details

Closed on
Dec 26, 2008
Sold by
Yi Annie Kuanglin
Bought by
Hsiao Po Wen

Purchase Details

Closed on
Jan 8, 2003
Sold by
Bogdanoff Alex P and Bogdanoff Luba V
Bought by
Chung Kyung Seok and Chung Woo Seung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 1996
Sold by
Bogdanoff Alex P and Bogdanoff Luba V
Bought by
Bogdanoff Alex P and Bogdanoff Luba V

Purchase Details

Closed on
May 2, 1994
Sold by
Motokawa Miyoko
Bought by
Bogdanoff Alex P and Bogdanoff Luba V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
8.56%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,860,000 Wfg National Title
Grant Deed -- None Available
Grant Deed $1,050,000 Itc Gln
Interfamily Deed Transfer -- Itc
Grant Deed $665,000 Orange Coast Title
Interfamily Deed Transfer -- --
Grant Deed $405,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,300,000 Commercial
Previous Owner $409,000 Commercial
Previous Owner $205,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Sold $1,860,000 -6.1% $378 / Sq Ft
05/02/2025 05/02/25 Pending -- -- --
04/05/2025 04/05/25 Price Changed $1,980,000 -6.8% $402 / Sq Ft
01/18/2025 01/18/25 For Sale $2,125,000 -- $431 / 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 $17,570 $1,352,140 $643,876 $708,264
2024 $17,570 $1,325,628 $631,251 $694,377
2023 $17,130 $1,299,636 $618,874 $680,762
2022 $17,030 $1,274,154 $606,740 $667,414
2021 $16,822 $1,249,172 $594,844 $654,328
2019 $16,884 $1,213,027 $577,201 $635,826
2018 $16,182 $1,189,261 $565,884 $623,377
2016 $15,186 $1,142,212 $543,911 $598,301
2015 $15,115 $1,125,055 $535,741 $589,314
2014 $14,957 $1,103,018 $525,247 $577,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25013167

California Regional Multiple Listing Service (CRMLS)

APN: 8141-005-029