$2,350,000
SOLD SEP 19, 2014

12809 Oak St Whittier, CA 90602

3 Beds
3 Baths
9,632 Sq Ft
0.34 Acres

Recently Sold

$244 Per Sq Ft

11% Below List Price

105 Days on Market

Highlights

  • 0.34 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Laundry Room

About This Home

As of March 2018

LAST TWO UNITS RENTED AT $1,050.00 PER MONTH. Boasting recent improvements including upgraded plank flooring and counter tops in some units, new fencing, exterior paint, freshly sealed and stripped parking lot, one building recently copper plumbed, and new landscaping this 16 units apartment building is in clean condition. With a unit mix of 1 studio, 14 one bedroom one bath, and 1 two bedroom one bath, all with individually metered gas and electricity, this is an efficient running investment. The rent are all below market in what can only be described as a healthy "Infill" area. DO NOT DISTURB MANAGEMENT OR THE TENANTS.

CALL FOR COMPLETE MARKETING PACKAGE

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 03/19/2014

Last Buyer's Agent

Eric Chavez

CAREBF INC License #01397806

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Home Design

  • 9,632 Sq Ft Home
  • Property Attached
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 15 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 8165
  • Tax Tract Number 12
  • Assessor Parcel Number 8165012013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,250
  • Gardener Expense $960
  • Insurance Expense $2,379
  • Maintenance Expense $8,590
  • Professional Management Expense $5,154
  • Trash Expense $1,150
  • Water Sewer Expense $4,330
  • New Taxes Expense $32,000
  • Gross Income $15,220
  • Net Operating Income $115,479

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • CapRate: 4.81
  • Professional Management Expense: 5154.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4330.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 8165012013
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 243.98

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1150.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 14810.00
  • Lot Size Acres: 0.3400

Multi Family

  • Electric Expense: 2250.00
  • Gross Income: 15220.00
  • Gross Multiplier: 12.87
  • Gross Scheduled Income: 186360.00
  • Gross Spendable Income: 22115.00
  • Insurance Expense: 2379.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 0.3400 Acres
  • Maintenance Expense: 8590.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 115479.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 16
  • Operating Expense: 61563.00
  • Rent Control: No
  • Total Actual Rent: 15060.00
  • Vacancy Allowance: 9318
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 32000.00
  • Tax Lot: 8165
  • Tax Tract Number: 012

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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

Property History

Date Event Price Change Sq Ft Price
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
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
12/22/2012 12/22/12 Pending -- -- --
01/12/2011 01/12/11 For Sale $2,150,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14056542

California Regional Multiple Listing Service (CRMLS)