NOT LISTED FOR SALE
5 Beds
4 Baths
6,034 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: May 31, 2017

Last sale price $1,550,000 $257 Per Sq Ft

6 Days on Market

About This Home

As of May 2017

5853 Greenleaf Avenue is an eight-unit multifamily investment opportunity located in Whittier, California. Located on the southeast edge of Los Angeles County, approximately two miles from Interstate 605, the property offers easy access to job centers across Los Angeles, Orange, and Riverside Counties. Additionally, the property is just north of Historic Uptown Whittier, providing convenient walking access to entertainment, retail, quick service and casual dining options as well as museums and public parks.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 05/11/2017

Last Buyer's Agent

Francesca Mauro

T.N.G. Real Estate Consultants License #01985117

T.N.G. Real Estate Consultants
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Landscaped

Home Design

  • 6,034 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 5 / 2
  • Tax Tract Number 501503
  • Assessor Parcel Number 8135015018

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $1,644
  • Insurance Expense $2,400
  • Maintenance Expense $4,000
  • Other Expense $5,500
  • Professional Management Expense $2,100
  • Trash Expense $1,644
  • Water Sewer Expense $1,644
  • New Taxes Expense $18,342
  • Operating Expense $38,918
  • Gross Income $93,660
  • Net Operating Income $51,961

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Professional Management Expense: 2100.00
  • Property Attached: No
  • Water Sewer Expenses: 1644.00
  • Zoning: WHR4*
  • Property Type: Residential Income
  • Parcel Number: 8135015018
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 256.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1644.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6969.60

Multi Family

  • Electric Expense: 1644.00
  • Gross Income: 93660.00
  • Gross Operating Income: 90879.00
  • Gross Scheduled Income: 93660.00
  • Insurance Expense: 2400.00
  • Maintenance Expense: 4000.00
  • Net Operating Income: 51961.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 38918.00
  • Other Expense: 5500.00
  • Rent Control: No
  • Total Actual Rent: 7725.00
  • Total Expenses: 38918.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18342.00
  • Tax Block: 2
  • Tax Census Tract: 5015.03
  • Tax Lot: 5
  • Tax Tract Number: 501503

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2017
Closed on
May 25, 2017
Sold by
Ladd Janet Kay
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Francesca Mauro
T.N.G. Real Estate Consultants
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%

Purchase Details

Closed on
Apr 15, 2009
Sold by
Spillman Dennis
Bought by
Spillman Dennis and The Dennis Spillman Living Trust

Purchase Details

Closed on
Dec 12, 2002
Sold by
Ladd Janet K
Bought by
Ladd Janet Kay and Janet Kay Ladd Separate Property Trust

Purchase Details

Closed on
Aug 7, 2001
Sold by
Spillman Dennis M and Ladd Janet K
Bought by
Spillman Dennis M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,550,000 Chicago Title Company
Spillman Dennis -- None Available
Ladd Janet Kay -- --
Spillman Dennis M -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $1,550,000 -3.1% $257 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $1,600,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $25,163 $1,834,877 $1,012,142 $822,735
2025 $25,163 $1,798,900 $992,297 $806,603
2024 $22,929 $1,763,629 $972,841 $790,788
2023 $22,483 $1,729,049 $953,766 $775,283
2022 $22,187 $1,695,147 $935,065 $760,082
2021 $21,592 $1,661,910 $916,731 $745,179
2019 $21,228 $1,612,920 $889,542 $723,378
2018 $20,645 $1,581,300 $872,100 $709,200
2016 $4,524 $186,148 $30,628 $155,520
2015 $4,353 $183,352 $30,168 $153,184
2014 $4,341 $179,762 $29,578 $150,184
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17104179

California Regional Multiple Listing Service (CRMLS)
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