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

Sale Details

Date 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

7,426 Sq Ft Lot

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

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

Listed on
Jan 8, 2018
Closed on
Jan 26, 2018
Sold by
Bought by
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$1,695,000
Sold Price
$1,658,000
Premium/Discount to List
-$37,000
-2.18%

Purchase Details

Closed on
Jun 27, 2016
Sold by
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
$850,000
Interest Rate
0.0358%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 19, 2014
Closed on
Aug 28, 2014
Sold by
Bought by
Seller's Agent
Mike Marcu
Mike Marcu, Broker
Buyer's Agent
Eric Chavez
CAREBF INC
List Price
$2,640,000
Sold Price
$2,350,000
Premium/Discount to List
-$290,000
-10.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.041%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 12, 2011
Closed on
Nov 14, 2012
Sold by
Bought by
Seller's Agent
Barbara Singh
The Property Connections
Buyer's Agent
KENNY NGO
GOLD REAL ESTATE INC.
List Price
$2,150,000
Sold Price
$1,835,000
Premium/Discount to List
-$315,000
-14.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.28%
Original Mortgage
$1,376,000
Interest Rate
0.0333%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 28, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2005
Sold by
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
$1,250,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 2004
Sold by
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
$1,281,000
Interest Rate
0.0576%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$833,000 Fidelity National Title Comp
$1,370,000 First American Title Company
-- First American Title Ins Co
$1,835,000 First American Title Ins Co
-- None Available
-- None Available
-- --
$2,030,000 Fidelity National Title
$1,540,000 Fnt-Glen
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
Previous Owner $850,000
Previous Owner $1,000,000
Previous Owner $486,250
Previous Owner $1,376,000
Previous Owner $1,250,000
Previous Owner $1,281,000
Previous Owner $94,000
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 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

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
2025 $24,344 $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
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