NOT LISTED FOR SALE

Estimated Value: $1,328,000 - $1,788,000

9 Beds
5 Baths
3,998 Sq Ft
$387/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $1,175,000 $294 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $9,504/month

3 Days on Market

Highlights

  • Central Heating
  • California High School Rated A-
  • 6 Car Garage

About This Home

As of December 2020

Ideal Owner-User Opportunity - Renovated 3 bed / 2 bath house delivered vacant at close of escrow. The unit includes private laundry hookups as well as two private courtyards. | Attractive Current Cap Rate of 5.51% - With three units fully renovated and one unit partially renovated, the building has attractive in-place income. | Well Maintained 1978 Construction Asset - The building has been extremely well maintained by current ownership. | Ample Parking and On-Site Laundry - There are 6 garage spaces and 4 open spaces on-site. The 3 two-bed apartment units share common on-site laundry. | Great Whittier Location - The building is located in close proximity to multiple parks, schools and retail.

Last Agent to Sell the Property

John Katnik

BRC Advisors- BH License #02002695 Listed on: 11/11/2020

BRC Advisors- BH

Last Buyer's Agent

John Katnik

BRC Advisors- BH License #02002695 Listed on: 11/11/2020

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,957

Year Built

  • Built in 1978

Lot Details

  • 8,613 Sq Ft Lot

Parking

  • 6 Car Garage
  • 4 Open Parking Spaces
  • Assigned Parking

Interior Spaces

  • 3,998 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Community Details

  • 4 Units
  • Laundry Facilities
  • Vacancy Allowance $2,844

Listing and Financial Details

  • Assessor Parcel Number 8031-025-056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,957

Year Built

Built in 1978

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3998
  • Lot Acreage: 0.1977
  • Stories: 2
  • Year Built: 1978
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Laundry: Community, In Unit
  • Total Bathrooms: 5.00
  • Equipment: Refrigerator, Range/Oven, Dishwasher
  • Price Per S Q F T: 300.15

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 6
  • Other Spaces: 4
  • Parking Garage: Garage, Garage - 2 Car, Garage - 4+ Car, Assigned, Uncovered
  • Total Parking: 10

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 50.66
  • Assessed Improvement Value: 462000
  • Assessed Land Percent: 49.34
  • Assessed Land Value: 450000
  • Total Assessed Value: 912000
  • Assessor Parcel Number: 8031-025-056
  • Lot Size Area: 8613

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.66
  • Number Of Units: 4
  • Total Annual Expense: 26399
  • Type Of Units: Mixed
  • Vacancy Allow: 2844
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Dec 16, 2020
Sold by
Vargas Federico
Bought by
Kovach Karl L
Seller's Agent
John Katnik
BRC Advisors- BH
Buyer's Agent
John Katnik
BRC Advisors- BH
List Price
$1,200,000
Sold Price
$1,175,000
Premium/Discount to List
-$25,000
-2.08%
Current Estimated Value
$1,546,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,359
Avg. Annual Appreciation
5.84%

Purchase Details

Closed on
Dec 4, 2019
Sold by
Vargas Silvia Gomez De
Bought by
Vargas Federico

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,105
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 20, 2018
Sold by
Vargas Federico C
Bought by
Federico Vargas Metals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2006
Sold by
Gamboa Blanca E and Macias Jose Luis
Bought by
Vargas Federico C and Vargas Silvia G

Purchase Details

Closed on
Jun 29, 1998
Sold by
Cornejo Chris M and Cornejo Kristin M
Bought by
Gamboa Ramiro and Gamboa Blanca E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,858
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 1998
Sold by
Gamboa Ramiro and Gamboa Blanca E
Bought by
Gamboa Ramiro and Gamboa Blanca E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,858
Interest Rate
7.03%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Kovach Karl L $1,175,000 North American Title
Vargas Federico -- North American Title Company
Vargas Federico -- North American Title Company
Federico Vargas Metals Llc -- Pacific Coast Title
Vargas Federico C -- Pacific Coast Title
Vargas Federico C -- First American Title Co
Gamboa Ramiro $292,000 Fidelity National Title Ins
Gamboa Ramiro -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vargas Federico $820,105
Previous Owner Federico Vargas Metals Llc $650,000
Previous Owner Gamboa Ramiro $279,858
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2020 12/23/20 Sold $1,175,000 -2.1% $294 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $1,200,000 -- $300 / 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 $15,957 $1,271,855 $757,701 $514,154
2024 $15,957 $1,246,918 $742,845 $504,073
2023 $15,124 $1,222,470 $728,280 $494,190
2022 $15,246 $1,198,500 $714,000 $484,500
2021 $14,928 $1,175,000 $700,000 $475,000
2020 $15,937 $1,264,000 $758,000 $506,000
2019 $14,262 $1,104,954 $582,503 $522,451
2018 $13,782 $1,083,289 $571,082 $512,207
2016 $11,243 $880,000 $500,000 $380,000
2015 $10,199 $800,000 $450,000 $350,000
2014 $9,733 $752,000 $415,000 $337,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-658516

The MLS

APN: 8031-025-056