NOT LISTED FOR SALE

Estimated Value: $1,366,000 - $1,471,738

6 Beds
5 Baths
3,512 Sq Ft
$404/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $1,250,000 $356 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,082/month

108 Days on Market

Highlights

  • Property is near a park
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Broadway Park
  • Corner Lot
  • Wall Furnace

About This Home

As of May 2023

Calling all investors for a great opportunity to own 5 units in prime Whittier uptown neighborhood. Very well maintained, pride of ownership complex with long term tenants. 4 units have 1 bedroom and 1 bath each, 1 unit has 2 bedrooms, 1 bath. Two units have single car garages, 1 of 5 unit has laundry hook ups. All separately metered.

Last Agent to Sell the Property

Martha Jordan

Keller Williams Realty License #01000627 Listed on: 11/14/2022

Keller Williams Realty

Co-Listed By

Nelya Zhovnerchuk

Real Brokerage Technologies License #02031913

Last Buyer's Agent

Anthony Pereira

Century 21 Cornerstone License #01787654

Century 21 Cornerstone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,389

Year Built

  • Built in 1935

Lot Details

  • 7,701 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • 3,512 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 14 / 12
  • Assessor Parcel Number 8135018013

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,297
  • Gardener Expense $1,040
  • Insurance Expense $1,579
  • Trash Expense $1,554
  • Water Sewer Expense $4,183
  • Operating Expense $12,717
  • Gross Income $79,560
  • Net Operating Income $28,619

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,389

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 1.80
  • Price Per Unit: 310000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4183.00
  • Zoning: WHR4*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1040.00
  • Parcel Number: 8135018013
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 355.92

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1554.20
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Park Nearby
  • Lot Size Sq Ft: 7701.00
  • Lot Size Acres: 0.1768

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 5297.00
  • Gross Income: 79560.00
  • Gross Multiplier: 19.48
  • Gross Operating Income: 73490.00
  • Gross Scheduled Income: 79560.00
  • Insurance Expense: 1578.80
  • Lot Size Area: 7701.0000 Square Feet
  • Net Operating Income: 28619.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number Wall A C: 2
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 44871.00
  • Rent Control: No
  • Total Expenses: 12717.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 5015.03
  • Tax Lot: 14
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2024
Sold by
Ortiz Alejandro
Bought by
Alejandro Ortiz Living Trust and Ortiz
Current Estimated Value
$1,418,869

Purchase Details

Closed on
Nov 5, 2001
Sold by
Sherman J M
Bought by
Magnet Melvin and Magnet Melvin 1990 Revocable L

Purchase Details

Closed on
Nov 2, 2001
Sold by
Sherman Jeffrey
Bought by
Sherman J M
Source: Public Records

Range of Values:

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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
Alejandro Ortiz Living Trust -- None Listed On Document
Magnet Melvin $425,000 --
Sherman J M -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherman Jeffrey $273,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $1,250,000 -19.4% $356 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
11/14/2022 11/14/22 For Sale $1,550,000 -- $441 / Sq Ft
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 $16,389 $1,300,499 $862,491 $438,008
2024 $16,389 $1,275,000 $845,580 $429,420
2023 $8,876 $603,456 $275,458 $327,998
2022 $8,449 $591,624 $270,057 $321,567
2021 $8,288 $580,024 $264,762 $315,262
2019 $8,104 $562,822 $256,910 $305,912
2018 $7,767 $551,787 $251,873 $299,914
2016 $7,365 $530,363 $242,094 $288,269
2015 $7,197 $522,397 $238,458 $283,939
2014 $7,087 $512,165 $233,787 $278,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22238386

California Regional Multiple Listing Service (CRMLS)

APN: 8135-018-013