NOT LISTED FOR SALE

Estimated Value: $1,769,662

0.62 Acre
$2,854,294 Price per Acre
27,007 Sq Ft Lot

Last Sold November 06, 2015

Last sale price $950,000

Est. 86% increase in value since last sale

Current estimated payment $11,152/month

10 Days on Market

About This Lot

As of November 2015

City of Whittier ± 25 Units unentitiled multifamily site. 5 blocks from entitled 50 units multifamily site at 14640-14660 Whittier on 54,985 sq ft lot. A KMA market report on the city of Whittier site found the greatest demand for development focused on the residential sector. The high demand for housing in the market area, combined with the continued population growth within this part of LA County, highly limited growth of supply of new housing units in Whittier. Excellent development opportunity located in the Revitalization Plan Area of Whittier , Current gross income of $75,600. Currently an auto repair shop and auto storage lot. Auto storage lot has a lease that will terminate in 36 months.
Please find in supplements: Offering Memorandum and Whittier Land Use and Development Regulations. For more information, please contact agent.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 08/18/2015

Keller Williams Realty Calabasas

Last Buyer's Agent

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 08/18/2015

Keller Williams Realty Calabasas

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,344

Lot Details

  • 0.62 Acre Lot
  • Property is zoned WHC2*

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 6 / 8
  • Tax Tract Number 15887
  • Assessor Parcel Number 8143021024

Property Details

Property Type

Land

Est. Annual Taxes

$18,344

Lot Details

0

Listing Details

  • Improvements Amount: 6300
  • Road Surface Type: Paved
  • View: No
  • Zoning: WHC2*
  • Property Type: Land
  • Parcel Number: 8143021024
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 35.17

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 27008.00
  • Price Per Lot Square Foot: 35.17
  • Lot Size Acres: 0.6200

Multi Family

  • Lot Size Area: 27008.0000 Square Feet

Tax Info

  • Tax Block: 8
  • Tax Lot: 6
  • Tax Rate: 1.25
  • Tax Tract Number: 15887
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2021
Sold by
Cho Joseph and Cho Lucy
Bought by
Covina Llc
Current Estimated Value
$1,769,662

Purchase Details

Closed on
Sep 2, 2015
Sold by
Zavala Sergio
Bought by
The Lucy & Joseph Cho Trust

Purchase Details

Closed on
Sep 26, 2014
Sold by
Woehrmann Marcella Joan
Bought by
Zavala Sergio and Zavala Jolene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
4.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Covina Llc $1,475,000 Chicago Title Company
The Lucy & Joseph Cho Trust $950,000 First American Title
Zavala Sergio $625,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zavala Sergio $468,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2015 11/06/15 Sold $950,000 -2.6% --
08/28/2015 08/28/15 Pending -- -- --
08/18/2015 08/18/15 For Sale $975,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,344 $1,565,281 $1,406,100 $159,181
2024 $18,344 $1,534,590 $1,378,530 $156,060
2023 $18,049 $1,504,500 $1,351,500 $153,000
2022 $17,667 $1,475,000 $1,325,000 $150,000
2021 $12,858 $1,038,961 $984,280 $54,681
2020 $12,776 $1,028,309 $974,188 $54,121
2019 $12,619 $1,008,147 $955,087 $53,060
2018 $11,882 $988,380 $936,360 $52,020
2016 $11,399 $950,000 $900,000 $50,000
2015 $7,938 $643,100 $549,000 $94,100
2014 $3,239 $216,359 $195,978 $20,381
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15182733

California Regional Multiple Listing Service (CRMLS)

APN: 8143-021-024