NOT LISTED FOR SALE

12703 La Cuarta St Whittier, CA 90602

9 Beds
8 Baths
5,034 Sq Ft
8,207 Sq Ft Lot

Last Sold December 12, 2016

Last sale price $1,275,000 $253 Per Sq Ft

48 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Cooling System Mounted To A Wall/Window
  • Wood Flooring
  • No HOA
  • Laundry Room

About This Home

As of December 2016

Fantastic Opportunity to own a cash flowing 7 unit building in the heart of Whittier..Unique opportunity for multifamily ownership with unparalleled upside. Rents have not been increased in years and lag substantially under market. New owner has the opportunity to bring rents up to market and increase cash flow and value of the building dramatically..The average rent for a one bedroom is $820.00. The market suggests these units should rent for between $1,150.00 and $1,300.00... There are no one bedroom units available in Whittier for under $1,100.00 currently and none of the lower options include a garage...New Owner can rent out garages to increase income

Last Agent to Sell the Property

Debi Ardi

Mickie Ardi Realty License #00802221 Listed on: 08/24/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 8,207 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage

Home Design

  • 5,034 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Stucco

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Water Heater

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 13950
  • Assessor Parcel Number 8141023013

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $1,500
  • Trash Expense $547
  • New Taxes Expense $13,592
  • Gross Income $6,500
  • Net Operating Income $51,528

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

10

Listing Details

  • Assessments: Yes
  • Other Phone Description: Robbie Weinstei
  • Other Phone Number: 213 280-9800
  • Property Attached: Yes
  • Zoning: WHR4*
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 8141023013
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Entry Location: Ground Level With Steps,Top Level
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 253.28

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 17.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Water Heater Central
  • Laundry Features: Community
  • Trash Expense: 547.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Sq Ft: 8207.00
  • Price Per Lot Square Foot: 176.68

Multi Family

  • Gross Income: 6500.00
  • Gross Scheduled Income: 77040.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 51528.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 13300.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 13592.00
  • Tax Lot: 22
  • Tax Tract Number: 13950

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2016 12/12/16 Sold $1,275,000 -12.1% $253 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $1,450,000 -- $288 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Debi Ardi

    Seller's Agent in 2016

    Debi Ardi

    Mickie Ardi Realty

    (818) 366-1776

    31 Total Sales

    Debi Ardi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16187454

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Whittier 90602

12703 La Cuarta St, Whittier, CA

This home is located at 12703 La Cuarta St, Whittier, CA 90602 since 24 August 2016. This property was built in 1973. 12703 La Cuarta St is a home located in Los Angeles County with nearby schools including Lydia Jackson Elementary School, Katherine Edwards Middle School, and Whittier High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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