NOT LISTED FOR SALE
3 Beds
3 Baths
3,332 Sq Ft
6,621 Sq Ft

Last Sold December 16, 2015

Last sale price $905,000 $272 Per Sq Ft

35 Days on Market

About This Home

As of December 2015

We are pleased to exclusively offer for sale this 6 unit multi-family investment in the highly desirable rental community of “Uptown” Whittier. The subject property is comprised of six (1Bedroom/1Bathroom) units which are separately metered for electricity and gas. Tenants have access to onsite garage parking. With a 5+% market cash return, this multi-family property offers a new investor a significant cash return in an ideal location.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 09/24/2015

RE/MAX 2000 REALTY

Last Buyer's Agent

Francesca Mauro

T.N.G. Real Estate Consultants License #01985117

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,600 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,332 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 062
  • Tax Tract Number 3
  • Assessor Parcel Number 8142003062

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,293
  • Maintenance Expense $4,500
  • Other Expense $900
  • Trash Expense $900
  • Water Sewer Expense $1,500
  • New Taxes Expense $10,281
  • Gross Income $46,531
  • Net Operating Income $46,531

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

6,600 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 5.24
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 8142003062
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 271.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6600.00
  • Price Per Lot Square Foot: 137.12
  • Lot Size Acres: 0.1520

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 46531.00
  • Gross Multiplier: 13.01
  • Gross Scheduled Income: 69180.00
  • Insurance Expense: 1293.00
  • Lot Size Area: 6600.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 46531.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 20574.00
  • Other Expense: 900.00
  • Other Expense Description: Reserves
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10281.00
  • Tax Lot: 062
  • Tax Tract Number: 003
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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 List to Sale Price per Sq Ft Prior Sale
12/16/2015 12/16/15 Sold $905,000 +0.6% $272 / Sq Ft
10/29/2015 10/29/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $900,000 +37.4% $270 / Sq Ft
12/16/2013 12/16/13 Sold $655,000 -3.0% $197 / Sq Ft View Prior Sale
12/11/2013 12/11/13 Pending -- -- --
10/25/2013 10/25/13 For Sale $675,000 -- $203 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,776 $1,071,330 $591,896 $479,434
2024 $13,776 $1,050,325 $580,291 $470,034
2023 $13,569 $1,029,731 $568,913 $460,818
2022 $13,385 $1,009,541 $557,758 $451,783
2021 $13,794 $989,747 $546,822 $442,925
2020 $13,897 $979,700 $541,216 $438,484
2019 $13,226 $960,493 $530,604 $429,889
2018 $12,722 $941,662 $520,200 $421,462
2016 $12,372 $905,000 $500,000 $405,000
2015 $9,500 $668,086 $362,092 $305,994
2014 -- $655,000 $355,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15210945

California Regional Multiple Listing Service (CRMLS)
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