NOT LISTED FOR SALE
9 Beds
8 Baths
4,618 Sq Ft
6,715 Sq Ft Lot

Sale Details

Date Sold: October 21, 2022

Last sale price $1,500,000 $325 Per Sq Ft

6 Days on Market

About This Home

As of October 2022

We are pleased to present for sale 5 Units in an A+ Location in Uptown Whittier. It is the first time this property is being offered for sale in almost 37 years! A new investor will appreciate this 4,618 square foot building that is located near the intersection of North Painter Avenue and Hadley Street. Being Comprised of mostly 2 Bedroom Units (and 2 Bathrooms in select units), this property has a tremendous value-add component which results in a rental upside potential of +/- 47%. Tenants enjoy the convenience of the on-site laundry room, oversized units as well as covered parking. For almost 4 decades, owners have maintained this trophy investment great pride. There are many capital improvements which include updated interiors, newer windows as well as copper plumbing (horizontal and vertical). The property is within walking distance to Whittier College as well as many shops, restaurants and various businesses on Greenleaf Avenue. Property to be Sold in its "As-Is" Condition, AB1482 rent control applies. Buyer to cooperate with Seller's 1031 Exchange, Seller has already identified their Exchange Upleg.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 09/14/2022

Last Buyer's Agent

Mary Baldry

Century 21 Village Realty License #01927691

Century 21 Village Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,715 Sq Ft Lot

Interior Spaces

  • 4,618 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 5 Parking Spaces
  • Covered Parking

Community Details

  • 5 Units
  • Vacancy Allowance $2,585

Listing and Financial Details

  • Assessor Parcel Number 8137-014-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

6,715 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4618
  • Lot Acreage: 0.1541
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 324.82

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 5

Lot Info

  • Assessed Improvement Percent: 78.00
  • Assessed Improvement Value: 422061
  • Assessed Land Percent: 22
  • Assessed Land Value: 119025
  • Total Assessed Value: 541086
  • Assessor Parcel Number: 8137-014-017
  • Lot Size Area: 6715

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 17.41
  • Number Of Units: 5
  • Type Of Units: Apartment
  • Vacancy Allow: 2585
  • Vacancy Allow Percent: 3.00

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
Sep 14, 2022
Closed on
Sep 27, 2022
Sold by
Bought by
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Mary Baldry
Century 21 Village Realty
List Price
$1,500,000
Sold Price
$1,500,000
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0516%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 14, 2022
Closed on
Sep 23, 2022
Sold by
Bought by
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Mary Baldry
Century 21 Village Realty
List Price
$1,500,000
Sold Price
$1,500,000
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0516%
Mortgage Type
Credit Line Revolving
Source: Public Records
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

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
-- Chicago Title
-- Chicago Title Company
$1,500,000 Chicago Title Company
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
Open $450,000
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
10/21/2022 10/21/22 Sold $1,500,000 0.0% $325 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $1,500,000 -- $325 / 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 $20,929 $1,560,600 $1,040,400 $520,200
2024 $19,562 $1,530,000 $1,020,000 $510,000
2023 $18,984 $1,500,000 $1,000,000 $500,000
2022 $8,299 $551,907 $121,405 $430,502
2021 $8,096 $541,086 $119,025 $422,061
2019 $7,887 $525,040 $115,496 $409,544
2018 $7,668 $514,746 $113,232 $401,514
2016 $7,225 $494,760 $108,836 $385,924
2015 $7,096 $487,330 $107,202 $380,128
2014 $7,034 $477,785 $105,103 $372,682
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-199701

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.