NOT LISTED FOR SALE
8 Beds
8 Baths
4,818 Sq Ft
7,426 Sq Ft Lot

Last Sold March 12, 2018

Last sale price $1,658,000 $344 Per Sq Ft

14 Days on Market

About This Home

As of March 2018

We are pleased to present a fantastic opportunity to own 8 spacious units near Uptown Whittier. The property is walking distance to shops & restaurants in Uptown Whittier and across Whittier Blvd.The building consists of 8 (1 Bedroom + 1 Bathroom) units. This investment opportunity also offers an attractive assumable loan with a low 3.49% interest rate fixed until July of 2021. The building is professionally managed and has strong current rents in place. Additional income is procured from the on-site laundry room. All tenants have on-site parking and all units are separately metered for gas & electricity. Property is not subject to rent control.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 01/08/2018

Co-Listed By

Tigran Grigoryan

Remax Commercial and Investment Realty License #01949804

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 01/08/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,426

Interior Spaces

  • 4,818 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Assigned Parking

Additional Features

  • 7,426 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 8165-012-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4818
  • Probate: No
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Room
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 351.81

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 559.00
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Water Expense: 2164.00

Fee Information

  • Gas Expense: 136.00
  • Insurance Expense: 1686.00
  • Maintenance Expense: 5680.00
  • Other Expense: 3595.00
  • Trash Expense: 1819.00

Lot Info

  • Assessed Improvement Value: 438000
  • Assessed Land Value: 932000
  • Assessor Parcel Number: 8165-012-015
  • Geocode Override: No
  • Lot Size Area: 7426

Rental Info

  • Number Leased: 8
  • Monthly Gross Income: 9710.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.47
  • Number Of Units: 8
  • Type Of Units: Apartment

Tax Info

  • Tax Expense: 18574.00
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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 List to Sale Price per Sq Ft Prior Sale
03/12/2018 03/12/18 Sold $1,658,000 -2.2% $344 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
01/08/2018 01/08/18 For Sale $1,695,000 -27.9% $352 / Sq Ft
09/19/2014 09/19/14 Sold $2,350,000 -11.0% $244 / Sq Ft View Prior Sale
07/02/2014 07/02/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $2,640,000 +43.9% $274 / Sq Ft
12/22/2012 12/22/12 Sold $1,835,000 -14.7% $190 / Sq Ft View Prior Sale
12/22/2012 12/22/12 Pending -- -- --
01/12/2011 01/12/11 For Sale $2,150,000 -- $223 / Sq Ft
Source: The MLS

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 $22,863 $1,886,516 $1,203,820 $682,696
2024 $22,863 $1,849,526 $1,180,216 $669,310
2023 $22,620 $1,813,262 $1,157,075 $656,187
2022 $22,086 $1,777,709 $1,134,388 $643,321
2021 $21,645 $1,742,853 $1,112,146 $630,707
2019 $21,300 $1,691,510 $1,079,160 $612,350
2018 $17,753 $1,397,750 $950,640 $447,110
2016 $15,247 $1,192,918 $812,200 $380,718
2015 $15,138 $1,175,000 $800,000 $375,000
2014 $12,348 $921,665 $401,816 $519,849
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-301296

The MLS