NOT LISTED FOR SALE

4632 Walnut Ave Pico Rivera, CA 90660

3 Beds
2 Baths
4,452 Sq Ft
0.38 Acres

Last Sold January 24, 2020

Last sale price $1,875,000 $421 Per Sq Ft

75 Days on Market

About This Home

As of January 2020

Seller to carry with 35% down. This property offers 6 units (4) 2 bedroom, (2) 1 bedroom. Property offers 6 Garages plus additional designated parking spaces in front of the property, perfect for additional income! The back units (2 bedrooms) offers direct access to personal garage as well as laundry hookups adjacent to unit. All 4 front units offer their own fenced patio area, and the property has paved walkways throughout. On both sides of the property it has two long driveways running throughout the entire property leading to the garages. The property is located at the end of the street, very quiet and clean, hassle-free for the new owner! Great Location, less than 1 mile from Whittier Blvd and offers easy access to the 605 Freeway. Check out drone video

Last Listed By

Martha Neri

Berkshire Hathaway HomeService License #01212625 Listed on: 10/17/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 9 Open Parking Spaces
  • 6 Car Garage

Home Design

  • 4,452 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 6423
  • Assessor Parcel Number 6374002007

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $1,200
  • Insurance Expense $3,492
  • Maintenance Expense $1,800
  • Pest Control $1,800
  • Professional Management Expense $2,400
  • Trash Expense $2,700
  • Water Sewer Expense $4,200
  • New Taxes Expense $24,875
  • Operating Expense $42,827
  • Gross Income $147,000
  • Net Operating Income $102,673

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.20
  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6374002007
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 421.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 9.00

Utilities

  • Laundry: Yes
  • Pest Control Expense: 1800.00
  • Sewer: Public Sewer
  • Trash Expense: 2700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 16672.00
  • Lot Size Acres: 0.3827

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 147000.00
  • Gross Multiplier: 13.13
  • Gross Operating Income: 145500.00
  • Gross Scheduled Income: 150000.00
  • Gross Spendable Income: 104173.00
  • Insurance Expense: 3492.00
  • Laundry Income: 1500.00
  • Lot Size Area: 16672.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 102673.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 42827.00
  • Operating Expense Percent: 31.00
  • Rent Control: No
  • Total Expenses: 42827.00
  • Vacancy Allowance: 4500
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24875.00
  • Tax Lot: 24
  • Tax Tract Number: 6423

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

Property History

Date Event Price Change Sq Ft Price
01/24/2020 01/24/20 Sold $1,875,000 -5.8% $421 / Sq Ft
12/31/2019 12/31/19 Pending -- -- --
12/16/2019 12/16/19 Price Changed $1,990,000 +1.0% $447 / Sq Ft
10/17/2019 10/17/19 For Sale $1,970,000 +38.9% $442 / Sq Ft
08/22/2019 08/22/19 Sold $1,418,000 -2.2% $319 / Sq Ft
05/10/2019 05/10/19 Price Changed $1,450,000 -6.5% $326 / Sq Ft
03/08/2019 03/08/19 For Sale $1,550,000 -- $348 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19245506

California Regional Multiple Listing Service (CRMLS)