13423 Olive Dr Whittier, CA 90601
Whittier College NeighborhoodEstimated Value: $1,074,000 - $1,315,996
8
Beds
4
Baths
2,670
Sq Ft
$455/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Craftsman Architecture
- Wood Flooring
- Open Floorplan
- View of Hills
- 4-minute walk to Central Park
About This Home
As of February 2024We are pleased to exclusively offer for sale this 4 Unit Multi-Family investment located in the unique 90601 submarket of Whittier. This 5,788 SF lot is steps away from Whittier College and strategically positioned near Uptown Whittier. Within the last (3) years there have been only 5 other 4-Unit properties sold within a half mile. In addition to the building’s excellent location, one of the features is (3) fully remodeled units, including one upstairs that was completed in 2023. The building has been outfitted with copper plumbing and new electrical throughout and (2) of the units are equipped with tankless water heaters. Further, (2) additional units have been upgraded totaling 3 remodeled units. Along these lines, the property presents itself as an excellent Owner User opportunity for Buyer(s) looking to live in one of the units while utilizing the income from the other (3) to offset their annual debt service. As it stands, the offering presents strong day 1 income with a current CAP Rate of 4.61% and future upside with a pro forma CAP Rate of 6.41%. In addition, the tenants have access to a back lot equaling at least (4) Total Parking Spaces on site, which is especially significant in this parking impacted submarket. On top of this, there is a large back yard that is ideally suited for an ADU for investors looking to increase their annual Cash Flow. All in all, the building’s close proximity to Whittier College, Uptown Whittier, etc. and the vast dining, shopping, and entertainment options therein provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02172607 Listed on: 08/09/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,082
Year Built
- Built in 1903 | Remodeled
Lot Details
- 5,788 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Landscaped
- Rectangular Lot
- Private Yard
- Front Yard
Property Views
- Hills
- Neighborhood
- Courtyard
Home Design
- Craftsman Architecture
- Quadruplex
- Brick Exterior Construction
- Shingle Roof
- Composition Roof
- Wood Siding
Interior Spaces
- 2,670 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wood Flooring
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Microwave
- Granite Countertops
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Parking Available
- Private Parking
- Side by Side Parking
- Driveway Up Slope From Street
- Paved Parking
- Parking Lot
Outdoor Features
- Rain Gutters
Utilities
- Central Air
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 3
- Tax Tract Number 501
- Assessor Parcel Number 8138001004
- $1,255 per year additional tax assessments
Community Details
Overview
- 4 Units
- Foothills
Recreation
- Golf Course Community
- Hiking Trails
- Bike Trail
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,200
- Insurance Expense $1,068
- Trash Expense $3,200
- Water Sewer Expense $3,200
- Operating Expense $22,678
- Gross Income $86,925
- Net Operating Income $64,247
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 14, 2019
Closed on
Feb 27, 2019
Sold by
Cameron Richard D and Cameron Susan F
Bought by
Vandavid V
Seller's Agent
Kurt Hoenecke
AM/PM Property Management Inc
Buyer's Agent
Amy Tsang
Compass
List Price
$902,500
Sold Price
$868,000
Premium/Discount to List
-$34,500
-3.82%
Total Days on Market
98
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,999
Avg. Annual Appreciation
5.57%
Original Mortgage
$651,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 12, 2015
Closed on
Jan 11, 2016
Sold by
Canchola Rachel
Bought by
Cameron Richard D and Cameron Susan F
Seller's Agent
Alfred Renteria Jr.
R & R Real Estate Service
Buyer's Agent
David Singery
Trinity Realty & Investments
List Price
$875,000
Sold Price
$740,000
Premium/Discount to List
-$135,000
-15.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$555,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 3, 2007
Sold by
Edwards Dillard Sherry
Bought by
Canchola Rachel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 18, 2006
Sold by
Dillard Sherry L Edwards
Bought by
Edwards Dillard Sherry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.99%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Nov 14, 1998
Sold by
Edwards Sherry L
Bought by
Edwards Sherry L and The Sherry L Edwards Living Trust
Similar Homes in Whittier, CA
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vandavid V | $868,000 | First American Title Co | |
| Cameron Richard D | $740,000 | Stewart Title Of California | |
| Canchola Rachel | $750,000 | Advantage Title | |
| Edwards Dillard Sherry | -- | Fidelity National Title Co | |
| Edward Dillard Sherry | -- | -- | |
| Edwards Sherry L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Amish | $892,500 | |
| Closed | Vandavid V | $784,000 | |
| Closed | Vandavid V | $645,000 | |
| Closed | Vandavid V | $651,000 | |
| Previous Owner | Cameron Richard D | $555,000 | |
| Previous Owner | Canchola Rachel | $550,300 | |
| Previous Owner | Canchola Rachel | $562,500 | |
| Previous Owner | Edward Dillard Sherry | $264,000 | |
| Previous Owner | Edwards Sherry L | $195,000 | |
| Previous Owner | Edwards Sherry Lynn | $14,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/23/2024 02/23/24 | Sold | $1,275,000 | -8.6% | $478 / Sq Ft |
| 12/06/2023 12/06/23 | For Sale | $1,395,000 | 0.0% | $522 / Sq Ft |
| 11/15/2023 11/15/23 | Pending | -- | -- | -- |
| 10/26/2023 10/26/23 | For Sale | $1,395,000 | +9.4% | $522 / Sq Ft |
| 10/23/2023 10/23/23 | Off Market | $1,275,000 | -- | -- |
| 10/22/2023 10/22/23 | For Sale | $1,395,000 | +9.4% | $522 / Sq Ft |
| 09/21/2023 09/21/23 | Off Market | $1,275,000 | -- | -- |
| 08/09/2023 08/09/23 | For Sale | $1,395,000 | +60.7% | $522 / Sq Ft |
| 03/28/2019 03/28/19 | Sold | $868,000 | -3.8% | $310 / Sq Ft |
| 02/26/2019 02/26/19 | Pending | -- | -- | -- |
| 01/14/2019 01/14/19 | For Sale | $902,500 | +22.0% | $322 / Sq Ft |
| 02/29/2016 02/29/16 | Sold | $740,000 | -15.4% | $277 / Sq Ft |
| 01/05/2016 01/05/16 | Pending | -- | -- | -- |
| 11/12/2015 11/12/15 | For Sale | $875,000 | -- | $328 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $11,082 | $891,317 | $442,924 | $448,393 |
| 2023 | $11,099 | $873,841 | $434,240 | $439,601 |
| 2022 | $10,856 | $856,708 | $425,726 | $430,982 |
| 2021 | $10,619 | $839,911 | $417,379 | $422,532 |
| 2020 | $10,543 | $831,300 | $413,100 | $418,200 |
| 2019 | $9,372 | $715,253 | $401,136 | $314,117 |
| 2018 | $9,895 | $769,895 | $512,917 | $256,978 |
| 2016 | $10,570 | $831,069 | $553,677 | $277,392 |
| 2015 | $10,304 | $818,587 | $545,361 | $273,226 |
| 2014 | $10,162 | $802,553 | $534,679 | $267,874 |
Source: Public Records
Agents Affiliated with this Home
-
Keaton Quaack
K
Seller's Agent in 2024
Keaton Quaack
Lyon Stahl Investment Real Estate, Inc.
(562) 743-8204
1 in this area
6 Total Sales
-
Joshua Barut
Seller Co-Listing Agent in 2024
Joshua Barut
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
1 in this area
35 Total Sales
-
Prashant Sampat
Buyer's Agent in 2024
Prashant Sampat
Pacific Avenue Realty
(562) 841-0227
1 in this area
214 Total Sales
-
K
Seller's Agent in 2019
Kurt Hoenecke
AM/PM Property Management Inc
(714) 963-4500
-
Amy Tsang
Buyer's Agent in 2019
Amy Tsang
Compass
(562) 980-5198
1 in this area
66 Total Sales
-
Alfred Renteria Jr.
A
Seller's Agent in 2016
Alfred Renteria Jr.
R & R Real Estate Service
(562) 755-3622
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23148269
APN: 8138-001-004
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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