$4,450,000
SOLD FEB 5, 2025
1 Bed
1 Bath
11,960 Sq Ft
0.49 Acres

Recently Sold

$372 Per Sq Ft

5% Below List Price

18 Days on Market

Highlights

  • 0.49 Acre Lot
  • Laundry Room
  • 4-minute walk to John Greenleaf Whittier Park

About This Home

As of February 2025

Welcome to the Town House of Whittier Apartments! A 24 unit multi-family property located at 7017-7023 Pickering Ave. in Uptown Whittier. Built in 1955, the subject property consists of 11,960 square feet on a 21,559 SF Lot, comprised of (2) separate 12 unit buildings, and a parking lot with 24 surface parking spaces. The unit mix consists of (24) 1bd/1bth units, approximately 425 SF each. Additionally, there is a separate shared laundry room for the property. New electrical sub-panels were installed in 2017, and the entire building was re-plumbed with copper plumbing in 2023, where 12 of the water heaters were also replaced. First time on the market in 50+ years! With current rents below market, the property represents an attractive opportunity for a new owner. The Town House of Whittier Apartments are ideally located in a vibrant and desirable area. One of its key strengths is its close proximity to Uptown Whittier, a lively district known for its historic charm, eclectic mix of shops, restaurants, and entertainment venues. Additionally, the location offers excellent connectivity to major freeways and public transportation, making commutes and travel convenient. This is a great opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would a great addition to any investor's portfolio.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates Brokerage Phone: 562-884-6875 License #01849377 Listed on: 10/23/2024

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates Brokerage Phone: 562-884-6875 License #01849377 Listed on: 10/23/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.49 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment

Interior Spaces

  • 11,960 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 5014
  • Assessor Parcel Number 8139027035

Community Details

Overview

  • 2 Buildings
  • 24 Units

Amenities

  • Laundry Facilities

Building Details

  • 27 Separate Electric Meters
  • 25 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $337,320
  • Net Operating Income $337,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Price Per Unit: 195625
  • Property Attached: Yes
  • Zoning: WHCO*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8139027035
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 372.07

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21559.00
  • Lot Size Acres: 0.4949

Multi Family

  • Average1 Bed Area: 425 Square Feet
  • Gross Income: 337320.00
  • Gross Scheduled Income: 337320.00
  • Laundry Income: 225.00
  • Lot Size Area: 21559.0000 Square Feet
  • Net Operating Income: 337320.00
  • Number Of Separate Electric Meters: 27
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 24
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5014.00
  • Tax Lot: 21
  • Tax Tract Number: 5014

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
02/05/2025 02/05/25 Sold $4,450,000 -5.2% $372 / Sq Ft
11/10/2024 11/10/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $4,695,000 -- $393 / 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: PW24219825

California Regional Multiple Listing Service (CRMLS)