NOT LISTED FOR SALE

Estimated Value: $1,225,830

8 Beds
7 Baths
6,533 Sq Ft
$188/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $900,000 $138 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,828/month

59 Days on Market

Highlights

  • Corner Lot
  • 6 Car Garage
  • 1-minute walk to Central Park
  • Laundry Room

About This Home

As of February 2020

This property consists of 3 residential units and 2 commercial offices that were former doctor's offices. Located in the highly sought after historic district of Whittier, this mixed-use property is a great buy at the current list price. The property includes 2 offices that are former doctors' offices. Both commercial offices have lots of patient rooms and an office each. Above the office area is a large 2-3 bedroom unit that rents for around $1,625 a month. Above the 6 car garages are two units that are one bedroom each that currently rent for just over $1,000 each. The two commercial units should rent for $2000 per month, so total rents should be around $7500 per month or $90,000 per year when fully occupied. With those kinds of rent numbers, it's an absolute steal, so do not wait to purchase this property. Located close to restaurants and shopping, this property won't last long in the current market.

Last Agent to Sell the Property

Craig Marson

First Team Real Estate License #01210177 Listed on: 10/10/2019

First Team Real Estate

Last Buyer's Agent

Richard Martinez

Keller Williams Pacific Estate License #01982563

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,695

Year Built

  • Built in 1938

Lot Details

  • 9,044 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 6 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway
  • Off-Street Parking

Home Design

  • 6,533 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 24 / 2
  • Assessor Parcel Number 8139002018

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,695

Year Built

Built in 1938

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Zoning: WHC0UD*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 8139002018
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 137.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Single Door, Off Street
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 9044.00
  • Lot Size Acres: 0.2076

Multi Family

  • Lot Size Area: 9044.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Rent Control: No

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5015.04
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2021
Sold by
Laroche Steven E and Laroche Theresa Y
Bought by
Laroche Steven and Laroche Theresa
Current Estimated Value
$1,225,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,500
Outstanding Balance
$605,925
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$636,958

Purchase Details

Closed on
Dec 18, 2019
Sold by
Rotary Pipe Cleaning Co
Bought by
Laroche Steven E and Laroche Theresa Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,000
Interest Rate
3.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Laroche Steven -- North American Title Co
Laroche Steven E $900,000 Orange Coast Ttl Co Of Socal
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laroche Steven E $663,500
Previous Owner Laroche Steven E $810,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $900,000 -9.9% $138 / Sq Ft
12/08/2019 12/08/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $999,000 -- $153 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,695 $984,279 $656,186 $328,093
2024 $12,695 $964,980 $643,320 $321,660
2023 $12,437 $946,059 $630,706 $315,353
2022 $12,244 $927,510 $618,340 $309,170
2021 $12,761 $909,324 $606,216 $303,108
2020 $3,715 $180,863 $61,171 $119,692
2019 $3,802 $177,318 $59,972 $117,346
2018 $4,110 $173,843 $58,797 $115,046
2016 $3,293 $167,095 $56,515 $110,580
2015 $3,166 $164,586 $55,667 $108,919
2014 $3,081 $161,363 $54,577 $106,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19241029

California Regional Multiple Listing Service (CRMLS)

APN: 8139-002-018