NOT LISTED FOR SALE
11 Beds
11 Baths
13,316 Sq Ft
0.34 Acres

Last Sold September 30, 2019

Last sale price $3,460,000 $260 Per Sq Ft

30 Days on Market

Highlights

  • 0.34 Acre Lot
  • Property is near public transit
  • Hiking Trails
  • Midcentury Modern Architecture
  • No HOA
  • 3-minute walk to Broadway Park

About This Home

As of September 2019

NO RENT CONTROL on this Well located courtyard apartment building walking distance to Historic Uptown Whittier’s dining & shopping districts, Whittier Greenway walking Trail & Whittier Nature Preserve & Hiking Trails, PLUS Uptown YMCA, Award-winning Whittier Hgh School. 14 Units, each with their own carport, are updated during a vacancy for a clean well-maintained property. TWO Laundry rooms are owner operated with storage cabinets for residents. The quiet, landscaped courtyard creates a community environment while providing visual privacy. FIRST time on the market in 40 years, this IS the opportunity of a lifetime. Rents are competitively under market for steady occupancy; room for upside increase. NO ON-SITE MANAGER REQUIRED for this size building!

Last Agent to Sell the Property

Melanie Bickley

Whittier Brokers License #00519059 Listed on: 06/14/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.34 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Level Lot
  • Density is 11-15 Units/Acre

Home Design

  • 13,316 Sq Ft Home
  • Midcentury Modern Architecture
  • Property Attached
  • Slab Foundation
  • Tar and Gravel Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Laundry

  • Laundry Room

Parking

  • 15 Parking Spaces
  • 15 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Property is near public transit
  • Suburban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 34
  • Tax Tract Number 13969
  • Assessor Parcel Number 8135002027

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $2,200
  • Insurance Expense $5,827
  • Professional Management Expense $11,000
  • Trash Expense $3,700
  • Water Sewer Expense $4,500
  • New Taxes Expense $34,000
  • Operating Expense $81,000
  • Net Operating Income $149,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Inclusions: Property as listed in MIMO's delivered on inspection, after offer acceptance.
  • Professional Management Expense: 11000.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 4500.00
  • Zoning: WHR4*
  • Architectural Style: Mid Century Modern
  • Property Type: Residential Income
  • Parcel Number: 8135002027
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 259.84

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 15.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3700.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Level, Near Public Transit
  • Lot Size Sq Ft: 14710.00
  • Lot Size Acres: 0.3377

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 2200.00
  • Gross Scheduled Income: 230600.00
  • Insurance Expense: 5827.00
  • Lot Size Area: 14710.0000 Square Feet
  • Net Operating Income: 149000.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Number With Range: 14
  • Operating Expense: 81000.00
  • Rent Control: No
  • Total Actual Rent: 20625.00
  • Total Expenses: 81000.00

Tax Info

  • New Taxes Expense: 34000.00
  • Tax Census Tract: 5015.03
  • Tax Lot: 34
  • Tax Tract Number: 13969

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 Change Sq Ft Price
09/30/2019 09/30/19 Sold $3,460,000 +1.8% $260 / Sq Ft
07/14/2019 07/14/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $3,400,000 -- $255 / 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: PW19141253

California Regional Multiple Listing Service (CRMLS)