NOT LISTED FOR SALE

Estimated Value: $1,715,000 - $1,917,696

3 Beds
2 Baths
5,058 Sq Ft
$359/Sq Ft Est. Value

Sale Details

Date Sold: April 18, 2018

Last sale price $1,300,000 $257 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $11,664 / mo

15 Days on Market

Highlights

  • Property is near public transit
  • Accessible Parking
  • Ceiling Fan
  • No HOA
  • Tile Flooring
  • 3-minute walk to Broadway Park

About This Home

As of April 2018

The Milton Property is a well-kept building that offers a great unit mix of 1 & 2 bedrooms that are all individually metered for gas and electric. The property itself contains a front building consisting of all 2 bedroom units and a back building with six garages and two 1-bedroom units above. There are also 6 additional parking spaces to provide ample parking for tenants. Each unit has an individual water heater and washer/dryer hookup for the tenant's convenience. The buildings have been upgraded with dual pane windows that modernize the look, while keeping utility costs down. Sitting in the Historical District just steps away from the tree-lined streets of Uptown Whittier, tenants can enjoy plenty of restaurants, shopping, and entertainment. A savvy investor will recognize the high demand of this quality located asset and the great opportunity that follows with owning the Milton Property.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 01/03/2018

Last Buyer's Agent

Brianna Franco

eXp Realty of Southern Ca, Inc License #01997665

eXp Realty of Southern Ca, Inc

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
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,350 Sq Ft Lot
  • 1 Common Wall

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces
  • Parking Available

Home Design

  • Property Attached
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 5,058 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Washer and Electric Dryer Hookup

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Accessible Parking
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 501503
  • Assessor Parcel Number 8135002008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,642
  • Insurance Expense $4,060
  • Professional Management Expense $3,000
  • Water Sewer Expense $3,155
  • New Taxes Expense $16,891
  • Operating Expense $34,102
  • Gross Income $81,480
  • Net Operating Income $47,378

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

7,350 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 3.60
  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3155.00
  • Zoning: WHT*
  • Property Type: Residential Income
  • Parcel Number: 8135002008
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 257.02

Exterior Features

  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7350.00

Multi Family

  • Electric Expense: 3642.00
  • Gross Income: 81480.00
  • Gross Multiplier: 15.48
  • Gross Operating Income: 81480.00
  • Gross Scheduled Income: 84000.00
  • Gross Spendable Income: 10811.00
  • Insurance Expense: 4060.00
  • Net Operating Income: 47378.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 34102.00
  • Operating Expense Percent: 40.60
  • Rent Control: No
  • Total Actual Rent: 7000.00
  • Total Expenses: 34102.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16891.00
  • Tax Census Tract: 5015.03
  • Tax Lot: 8
  • 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

Closed on
Jan 25, 2018
Sold by
Bought by
Current Estimated Value
$1,816,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.22%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 29, 2015
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 26, 2008
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
$436,000
Interest Rate
5.08%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 30, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 7, 2001
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
$256,500
Interest Rate
6.84%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Uptown Whittier, CA

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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
$1,300,000 Ticor Title Company
-- None Available
-- None Available
$732,000 Stewart Title Of Ca Inc
-- --
$376,500 Chicago Title Co
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 $1,000,000
Previous Owner $700,000
Previous Owner $500,000
Previous Owner $436,000
Previous Owner $256,500
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
04/18/2018 04/18/18 Sold $1,300,000 0.0% $257 / Sq Ft
01/03/2018 01/03/18 For Sale $1,300,000 -- $257 / 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 $20,168 $1,479,173 $887,505 $591,668
2024 $20,230 $1,450,170 $870,103 $580,067
2023 $18,400 $1,421,737 $853,043 $568,694
2022 $19,198 $1,393,861 $836,317 $557,544
2021 $17,925 $1,366,531 $819,919 $546,612
2019 $17,108 $1,326,000 $795,600 $530,400
2018 $11,501 $828,451 $339,528 $488,923
2016 $11,116 $796,284 $326,345 $469,939
2015 $10,976 $784,324 $321,443 $462,881
2014 $10,991 $768,961 $315,147 $453,814
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18001549

California Regional Multiple Listing Service (CRMLS)

APN: 8135-002-008

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