$1,649,000
UNDER CONTRACT $651K PRICE DROP

Estimated payment $9,311/month

Total Views 19,550
8 Beds
8 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • 4 Car Garage
  • Heating Available
  • Laundry Room
  • Fenced
  • 4-minute walk to Central Park

About This Home

Situated in the bustling Uptown Whittier area, 7032 Washington Ave is an exceptional 8-unit multi-family property offering an incredible investment opportunity. This prime location ensures strong tenant appeal with its proximity to boutique shops, trendy restaurants, and entertainment options. Just minutes from Whittier College and local parks, the property blends urban convenience with a community-focused atmosphere. With its desirable location and steady rental potential, this building is a standout addition to any investment portfolio.

Listing Agent

Trey Ballard

eXp Realty of Greater Los Angeles Brokerage Email: trey@andersonballard.com License #02215641 Listed on: 02/27/2025

eXp Realty of Greater Los Angeles

Co-Listing Agent

Brent Ballard

eXp Realty of Greater Los Angeles Brokerage Email: trey@andersonballard.com License #01297151

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 7,508 Sq Ft Lot
  • No Common Walls
  • Fenced
  • No Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Suburban Location

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 8139020043

Community Details

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $420
  • Fuel Expense $840
  • Insurance Expense $8,000
  • Trash Expense $2,760
  • Water Sewer Expense $1,200
  • Operating Expense $58,863
  • Gross Income $160,152
  • Net Operating Income $96,483

Additional Features

  • 2 Buildings
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.20
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 8139020043
  • Year Built: 1929
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Accessibility Features: See Remarks
  • Appliances: No

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 2760.00
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7508.00
  • Lot Size Acres: 0.1724

Multi Family

  • Electric Expense: 420.00
  • Fuel Expense: 840.00
  • Gross Income: 160152.00
  • Gross Scheduled Income: 160152.00
  • Insurance Expense: 8000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 420.00
  • Lot Size Area: 7508.0000 Square Feet
  • Net Operating Income: 96483.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Operating Expense: 58863.00
  • Rent Control: No
  • Total Expenses: 58863.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 18

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,976 $538,059 $111,510 $426,549
2024 $8,976 $527,510 $109,324 $418,186
2023 $8,988 $517,168 $107,181 $409,987
2022 $8,777 $507,029 $105,080 $401,949
2021 $8,783 $497,088 $103,020 $394,068
2019 $8,427 $482,346 $99,965 $382,381
2018 $8,152 $472,889 $98,005 $374,884
2016 $7,627 $454,528 $94,200 $360,328
2015 $7,200 $447,702 $92,786 $354,916
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2026 01/05/26 Price Changed $1,649,000 -2.7% --
10/21/2025 10/21/25 Price Changed $1,695,000 0.0% --
10/21/2025 10/21/25 For Sale $1,695,000 -5.7% --
08/14/2025 08/14/25 Off Market $1,798,000 -- --
06/13/2025 06/13/25 Price Changed $1,798,000 -4.9% --
06/09/2025 06/09/25 Price Changed $1,890,000 -5.3% --
05/08/2025 05/08/25 Price Changed $1,995,000 -7.2% --
04/08/2025 04/08/25 Price Changed $2,150,000 -6.5% --
02/26/2025 02/26/25 For Sale $2,300,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-21026

Pasadena-Foothills Association of REALTORS®