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

Sale Details

Date 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

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 14,710 Sq Ft 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 in unit

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

0.34 Acres

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

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

Closed on
Apr 26, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Interest Rate
0.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,478,000
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,478,000
Interest Rate
0.036%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$4,900,000 Fidelity National Title
$3,464,000 Lawyers Title Co
-- None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $2,450,000
Previous Owner $1,478,000
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
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

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
2025 $67,153 $5,199,919 $2,122,416 $3,077,503
2024 $62,326 $5,097,960 $2,080,800 $3,017,160
2023 $60,526 $4,998,000 $2,040,000 $2,958,000
2022 $44,912 $3,569,882 $2,386,792 $1,183,090
2021 $43,921 $3,499,886 $2,339,993 $1,159,893
2019 $11,450 $598,272 $94,798 $503,474
2018 $11,160 $586,550 $92,940 $493,610
2016 $10,459 $563,391 $89,332 $474,059
2015 $10,249 $554,930 $87,991 $466,939
2014 $9,946 $544,061 $86,268 $457,793
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19141253

California Regional Multiple Listing Service (CRMLS)
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