NOT LISTED FOR SALE

Estimated Value: $1,285,000 - $1,500,026

8 Beds
8 Baths
1,768 Sq Ft
$795/Sq Ft Est. Value

Last Sold January 25, 2018

Last sale price $1,002,500 $567 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,535/month

27 Days on Market

About This Home

As of January 2018

Let your tenants pay your mortgage and then some. Fantastic income property in highly sought after area of Whittier. This unique property consists of 4 town home style 2 story units each with laundry hookup and small private outdoor space /yard. Each unit is 2 bedrooms and 1.5 baths. All units have parking access by spacious and long driveway there are 8 parking spaces but room for up to 10 cars. Units are separately metered for gas and electric. Long term tenants with good rental histories. Just Minutes from schools, parks,shopping, entertainment and employment areas. Close to Whittier college in a great residential area. Hurry this is a great opportunity to own a 4 unit income property. Agents see private remarks!

Last Agent to Sell the Property

Jeffrey Billinger

The Hills Premier Realty License #01475932 Listed on: 11/09/2017

Co-Listed By

Anthony Amezquita

The Hills Premier Realty License #02030775

Last Buyer's Agent

Jeffrey Billinger

The Hills Premier Realty License #01475932 Listed on: 11/09/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,284

Home Design

  • 1,768 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Parking

  • 8 Parking Spaces
  • Driveway
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Additional Features

  • Enclosed Patio or Porch
  • 9,284 Sq Ft Lot

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 8137-011-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Let your tenants pay your mortgage and then some. Fantastic income property in highly sought after area of Whittier. This unique property consists of 4 town home style 2 story units each with laundry hookup and small private outdoor space /yard. Each unit is 2 bedrooms and 1.5 baths. All units have parking access by spacious and long driveway there are 8 parking spaces but room for up to 10 cars. Units are separately metered for gas and electric. Long term tenants with good rental histories. Just Minutes from schools, parks,shopping, entertainment and employment areas. Close to Whittier college in a great residential area. Hurry this is a great opportunity to own a 4 unit income property.
  • Living Area: 1768
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Laundry: In Unit
  • Total Bathrooms: 8.00
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 639.08

Exterior Features

  • Tennis Court Y/N: No
  • Patio: Enclosed
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned, Driveway
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 375177
  • Assessed Land Value: 577201
  • Assessor Parcel Number: 8137-011-016
  • Geocode Override: No
  • Lot Size Area: 9284

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.24
  • Number Of Units: 4
  • Type Of Units: 4 plex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2017
Closed on
Jan 12, 2018
Sold by
Ruiz Ricardo and Ruiz Ricardo
Bought by
Ruiz Richard and Richard Ruiz Revocable Trust
Seller's Agent
Jeffrey Billinger
The Hills Premier Realty
Buyer's Agent
Jeffrey Billinger
The Hills Premier Realty
List Price
$1,129,888
Sold Price
$1,002,500
Premium/Discount to List
-$127,388
-11.27%
Current Estimated Value
$1,405,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,257
Avg. Annual Appreciation
4.34%
Original Mortgage
$636,100
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2017
Closed on
Dec 11, 2017
Sold by
Ruiz Richard and Richard Ruiz Revocable Trust
Bought by
Sheu Myron and Wu Mei Jen
Seller's Agent
Jeffrey Billinger
The Hills Premier Realty
Buyer's Agent
Jeffrey Billinger
The Hills Premier Realty
List Price
$1,129,888
Sold Price
$1,002,500
Premium/Discount to List
-$127,388
-11.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,100
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2010
Sold by
Ruiz Ricardo and Ruiz Richard
Bought by
The Richard Ruiz Revocable Trust

Purchase Details

Closed on
Apr 12, 2007
Sold by
Sherwood Randel and Sherwood Lexie
Bought by
Ruiz Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,749
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 1, 2006
Sold by
Sherwood Lexie
Bought by
Sherwood Randel and Sherwood Lexie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 30, 2004
Sold by
Permanent Services Rendered Llc
Bought by
Sherwood Lexie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2004
Sold by
Sanchez Jose Antonio and Salas Alfred
Bought by
Sanchez Jose Antonio and Salas Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Ruiz Richard -- Chicago Title Company
Sheu Myron $1,002,500 Chicago Title Company
Ruiz Richard -- Chicago Title Company
The Richard Ruiz Revocable Trust -- None Available
Ruiz Ricardo $825,000 Orange Coast Title
Sherwood Randel -- None Available
Sherwood Lexie $680,000 --
Permanent Services Rendered Llc -- Southland Title
Sherwood Lexie -- Southland Title
Sanchez Jose Antonio -- Southland Title
Sanchez Jose Antonio -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheu Myron $636,100
Previous Owner Ruiz Ricardo $618,749
Previous Owner Sherwood Randel $177,000
Previous Owner Sherwood Lexie $544,000
Closed Sherwood Lexie $102,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2018 01/25/18 Sold $1,002,500 -11.3% $567 / Sq Ft
11/09/2017 11/09/17 For Sale $1,129,888 -- $639 / 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 $14,202 $1,140,100 $808,767 $331,333
2024 $14,202 $1,117,746 $792,909 $324,837
2023 $13,952 $1,095,830 $777,362 $318,468
2022 $13,694 $1,074,344 $762,120 $312,224
2021 $13,358 $1,053,279 $747,177 $306,102
2020 $13,222 $1,043,960 $739,516 $304,444
2019 $13,122 $1,023,520 $725,016 $298,504
2018 $12,553 $972,905 $588,745 $384,160
2016 $11,389 $874,000 $567,600 $306,400
2015 $10,514 $800,000 $519,500 $280,500
2014 $9,043 $675,000 $438,300 $236,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-288304

The MLS

APN: 8137-011-016