NOT LISTED FOR SALE
9 Beds
8 Baths
5,034 Sq Ft
8,207 Sq Ft Lot

Sale Details

Date Sold: December 12, 2016

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

48 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Laundry Facilities
  • Wood Flooring
  • No HOA
  • South Facing Home

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

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

Utilities

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

Additional Features

  • Leased Washer and Dryer
  • Exterior Lighting

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

8,207 Sq Ft Lot

Parking

10

Listing Details

  • Assessments: Yes
  • 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
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2016
Sold by
Tewes Wolfgang H
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2009
Sold by
Tsekoura Eleonora A
Bought by
Tsekoura Eleonora A and The Eleonora A Tsekoura Living Trust

Purchase Details

Closed on
Jul 3, 2007
Sold by
Tewes Wolfgang H
Bought by
Tewes Wolfgang H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2007
Sold by
Tewes Marilyn B
Bought by
Tewes Wolfgang H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2007
Sold by
Steele Kenneth Derrele and Steele Helene Epperly
Bought by
Tewes Wolfgang H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 13, 2007
Sold by
Steele Kenneth Derrele and Steele Helene Epperly
Bought by
Kenneth & Helene Steele Charitable Remai and The Fuller Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2002
Sold by
Topalian Misak and Topalian Hripsima
Bought by
Steele Kenneth Derrele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 1994
Sold by
Topalian Misak M and Topalian Rita
Bought by
Topalian Misak

Purchase Details

Closed on
Jul 20, 1994
Sold by
Mccollom Jimmie S and Mccollom Frances L
Bought by
Topalian Misak M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Whittier, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 Property Id Title Company
Tsekoura Eleonora A -- None Available
Tewes Wolfgang H -- None Available
Tewes Wolfgang H -- First American Title Ins Co
Tewes Wolfgang H $340,000 First American Title Ins Co
Kenneth & Helene Steele Charitable Remai -- First American Title Ins Co
Tewes Wolfgang H $555,000 None Available
Steele Kenneth Derrele $450,000 Chicago Title Co
Topalian Misak -- --
Topalian Misak M $325,000 Gateway Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $850,000
Closed Blr Holdings Llc Avenue 54 Series $775,000
Closed Blr Holdings Llc $725,000
Previous Owner Tewes Wolfgang H $530,000
Previous Owner Steele Kenneth Derrele $338,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $20,641 $1,509,333 $1,027,532 $481,801
2025 $20,641 $1,479,739 $1,007,385 $472,354
2024 $19,053 $1,450,726 $987,633 $463,093
2023 $18,732 $1,422,281 $968,268 $454,013
2022 $18,391 $1,394,394 $949,283 $445,111
2021 $18,144 $1,367,054 $930,670 $436,384
2019 $17,768 $1,326,909 $903,067 $423,842
2018 $17,296 $1,300,900 $885,360 $415,540
2016 $13,825 $1,012,932 $611,155 $401,777
2015 $13,592 $997,717 $601,975 $395,742
2014 $13,462 $978,174 $590,184 $387,990
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16187454

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.