NOT LISTED FOR SALE
3 Beds
3 Baths
3,332 Sq Ft
6,600 Sq Ft Lot

Sale Details

Date 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
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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

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 24, 2015
Closed on
Dec 10, 2015
Sold by
Pi Properties 4 Llc
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Francesca Mauro
T.N.G. Real Estate Consultants
List Price
$900,000
Sold Price
$905,000
Premium/Discount to List
$5,000
0.56%

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
3.83%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 25, 2013
Closed on
Dec 4, 2013
Sold by
Morgan John F
Bought by
P I Properties #4 Llc
Seller's Agent
Steve Snyder
Strategic Capital Investment G
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$675,000
Sold Price
$655,000
Premium/Discount to List
-$20,000
-2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.54%

Purchase Details

Closed on
Dec 19, 2007
Sold by
Morgan John and Morgan Sheila
Bought by
Morgan John F

Purchase Details

Closed on
Aug 7, 2007
Sold by
Js & Sn Inc
Bought by
Morgan John

Purchase Details

Closed on
Oct 7, 2004
Sold by
Morgan John and Morgan Sheila
Bought by
Js & Sn Inc

Purchase Details

Closed on
Mar 20, 2002
Sold by
Tripodes Dena
Bought by
Tripodes Nikitas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2002
Sold by
Tripodes Nikitas J
Bought by
Morgan John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
6.84%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Whittier College, CA

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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
$905,000 First American Title Ins Co
P I Properties #4 Llc $655,000 Lawyers Title Company
Morgan John F -- None Available
Morgan John -- None Available
Js & Sn Inc -- None Available
Tripodes Nikitas J -- New Century Title Company
Morgan John $361,000 New Century 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
Previous Owner $610,000
Previous Owner The Achille & Francesca Dattilo Family T $450,000
Previous Owner Morgan John F $426,000
Previous Owner Morgan John $246,000
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 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

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
2026 $14,889 $1,092,755 $603,733 $489,022
2025 $14,889 $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

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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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