NOT LISTED FOR SALE

5441 Norwalk Blvd Whittier, CA 90601

West Whittier Neighborhood
13 Beds
7 Baths
28,590 Sq Ft
1.01 Acres

Last Sold November 04, 2016

Last sale price $6,510,000 $228 Per Sq Ft

27 Days on Market

Highlights

  • 44,061 Sq Ft lot
  • Laundry Room
  • 4-minute walk to Lou Henry Hoover Park
  • Community Pool

About This Home

As of November 2016

Very nice 29 unit apartment building + Manager unit on over 1 acre of land. Rare listing of larger multifamily building in the City of Whittier. Large units. This property will not last. 35 Parking Spots under Carports. Across Beverly Blvd is one of the most exclusive areas in Whittier

Last Agent to Sell the Property

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 08/02/2016

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 1.01 Acre Lot
  • Property fronts an alley
  • No Common Walls
  • Density is 26-30 Units/Acre

Home Design

  • 28,590 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Parking

  • 35 Parking Spaces
  • 35 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 41
  • Tax Tract Number 5012
  • Assessor Parcel Number 8129031033

Community Details

Recreation

  • Community Pool

Building Details

  • 30 Separate Electric Meters
  • 30 Separate Gas Meters
  • Electric Expense $2,647
  • Gardener Expense $600
  • Insurance Expense $11,436
  • Maintenance Expense $28,184
  • Pest Control $2,040
  • Pool Expense $3,600
  • Professional Management Expense $39,927
  • Trash Expense $9,327
  • Water Sewer Expense $3,109
  • New Taxes Expense $83,167
  • Gross Income $41,205
  • Net Operating Income $280,561

Additional Features

  • 30 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 4.32
  • Professional Management Expense: 39927.00
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 3109.00
  • Zoning: WHR4*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8129031033
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 227.70

Exterior Features

  • Pool Expense: 3600.00
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 35.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 35.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Pest Control Expense: 2040.00
  • Trash Expense: 9327.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 44061.00
  • Price Per Lot Square Foot: 147.52

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2647.00
  • Gross Income: 41205.00
  • Gross Multiplier: 13.15
  • Gross Scheduled Income: 494460.00
  • Insurance Expense: 11436.00
  • Maintenance Expense: 28184.00
  • Net Operating Income: 280561.00
  • Number Of Separate Electric Meters: 30
  • Number Of Separate Gas Meters: 30
  • Number Of Units Total: 30
  • Operating Expense: 189176.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 83167.00
  • Tax Lot: 41
  • Tax Tract Number: 5012.0

Range of Values:

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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
11/04/2016 11/04/16 Sold $6,510,000 +0.2% $228 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
08/02/2016 08/02/16 For Sale $6,500,000 -- $227 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Millea

    Seller's Agent in 2016

    Michael Millea

    Lyon Stahl Investment Real Estate, Inc.

    (310) 251-2083

    45 Total Sales

    Michael Millea
    Section Image
  • Tyler Leeson

    Buyer's Agent in 2016

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    154 Total Sales

    Tyler Leeson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16169303

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Whittier 90601 West Whittier

5441 Norwalk Blvd, Whittier, CA

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