NOT LISTED FOR SALE
21 Beds
16 Baths
10,353 Sq Ft
10,019 Sq Ft Lot

Last Sold June 21, 2024

Last sale price $4,025,000 $389 Per Sq Ft

75 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Bathtub with Shower
  • Corner Lot
  • 16 Car Attached Garage
  • Open Patio

About This Home

As of June 2024

Lee & Associates and Realty Executives are pleased to present the opportunity to purchase a 16-unit three-building (one unit over garage structure) nonrentcontrolled multi-family site in the desirable community of Uptown in Whittier, CA. The property features one and two-bedroom units and consists ofapproximately 10,353 of net rentable square feet on 10,019 square feet of land. The recently updated garden style buildings are well located within awalkable and tree-lined residential neighborhood.Originally built in 1971, the property has undergone extensive renovations and is well positioned for additional improvements to be made as tenantsroll-over. Within the past thirty-six (36) months, ten (10) units have been upgraded and rental rates have subsequently been increased to market rents.Upgrades included in the renovations are stainless steel appliances (including range hoods), granite countertops, shaker-style cabinets, and luxury vinylplank flooring. Additionally, there is potential to add more square footage/ADU (assessory dwelling unit) over the garages in the rear of the property.Whittier is currently one of the most attractive growing cities in Los Angeles County for it's strong demographics, and close proximity to Orange County.It's central location along highly desireable 605 freeway corridor, allows for an easy commute to many strong employment hubs. Over the past five toten years Whittier has blossomed with new cafes, chic restaurants, retail shops, and new housing. Due in large part to the excellent school systems,community centered culture and local private college, the city is attracting a desirable demographic base of affluent, young and family oriented populace.

Last Agent to Sell the Property

Christie Abbott

Lee & Associates Los Angeles West Inc. License #01985617 Listed on: 02/16/2024

Lee & Associates Los Angeles West Inc.

Last Buyer's Agent

Daniel Gomez

Younglewin Advisors, Inc. License #02081392

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 10,019 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Front Yard

Home Design

  • Flat Roof Shape
  • Raised Foundation

Interior Spaces

  • 10,353 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Ceiling Fan

Kitchen

  • Oven
  • Gas and Electric Range
  • Range Hood
  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Vinyl Plank

Bedrooms and Bathrooms

  • 21 Bedrooms
  • Remodeled Bathroom
  • 16 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Parking

  • 16 Car Attached Garage
  • Carport
  • Assigned Parking

Outdoor Features

  • Open Patio
  • Rain Gutters

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Property is located within a water district

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 8142-001-034

Community Details

Overview

  • 3 Buildings
  • 16 Units

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1971 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 10353
  • Lot Acreage: 0.2297
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1971
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Vinyl Plank
  • Appliances: Gas/Electric Range, Microwave, Oven, Range Hood
  • Bedrooms: 21
  • Bathroom Features: Shower Over Tub, Remodeled
  • Kitchen Features: Granite Counters
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
  • Total Bathrooms: 16.00
  • Equipment: Vented Exhaust Fan, Range/Oven, Refrigerator, Ceiling Fan, Garbage Disposal, Elevator, Microwave, Hood Fan
  • Price Per S Q F T: 425.00

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Patio: Patio Open
  • Paved: Yes
  • Pool: No
  • Roof: Flat
  • Spa Yn: No

Garage/Parking

  • Garage Structures: 16
  • Parking Garage: Assigned, Carport, Garage Is Detached
  • Total Parking: 16

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Natural Gas
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Resident Manager
  • Water: District
  • Water Heaters: Yes

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 8142-001-034
  • Lot Description: Alley Paved, Landscaped, Front Yard, Gutters, Sidewalks, Resident Manager
  • Lot Location: Corner Lot
  • Lot Size Area: 10019

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.79
  • Number Of Units: 16
  • Type Of Units: 1 & 2 BDRM
  • Vacancy Allow Percent: 3.00
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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
06/21/2024 06/21/24 Sold $4,025,000 -8.5% $389 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/12/2024 04/12/24 Price Changed $4,400,000 -3.3% $425 / Sq Ft
03/16/2024 03/16/24 Price Changed $4,550,000 -2.2% $439 / Sq Ft
02/16/2024 02/16/24 For Sale $4,650,000 0.0% $449 / Sq Ft
04/13/2022 04/13/22 Sold $4,650,000 -1.1% $449 / Sq Ft View Prior Sale
01/18/2022 01/18/22 Pending -- -- --
11/10/2021 11/10/21 For Sale $4,700,000 +25.3% $454 / Sq Ft
10/29/2018 10/29/18 Sold $3,750,000 -1.3% $362 / Sq Ft View Prior Sale
07/26/2018 07/26/18 For Sale $3,800,000 -- $367 / Sq Ft
Source: The MLS

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 $60,538 $4,751,160 $1,895,160 $2,856,000
2024 $60,538 $4,837,860 $2,902,716 $1,935,144
2023 $57,651 $4,743,000 $2,845,800 $1,897,200
2022 $49,775 $3,941,918 $2,522,828 $1,419,090
2021 $48,337 $3,864,626 $2,473,361 $1,391,265
2019 $47,453 $3,750,000 $2,400,000 $1,350,000
2018 $23,039 $1,558,013 $646,573 $911,440
2016 $21,803 $1,497,516 $621,467 $876,049
2015 $21,096 $1,475,022 $612,132 $862,890
2014 $20,910 $1,446,130 $600,142 $845,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-359163

The MLS