NOT LISTED FOR SALE
6 Beds
4 Baths
12,136 Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: December 13, 2018

Last sale price $3,740,000 $308 Per Sq Ft

51 Days on Market

Highlights

  • 0.32 Acre Lot
  • Landscaped
  • Laundry Facilities
  • No HOA

About This Home

As of December 2018

The Villas at Uptown is located at 7240 Bright Avenue Whittier, CA and is managed by Property Management Associates, a reputable property management company with verified listings on RENTCafe. 7240 Bright Avenue offers 1 to 3 bedroom apartments ranging in size from 700 to 1200 sq.ft. Amenities include Laundry Facilities, parking and more. Property is located in the 90602 ZIP code. For more details, contact our office at or use the online contact form and we will get back to you as soon as possible.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 07/23/2018

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 07/23/2018

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 13,939 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 4 Car Garage
  • 10 Carport Spaces

Interior Spaces

  • 12,136 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 16 / 30
  • Tax Tract Number 501504
  • Assessor Parcel Number 8139034026

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • Electric Expense $2,631
  • Fuel Expense $2,631
  • Insurance Expense $5,508
  • Maintenance Expense $7,000
  • Other Expense $7,080
  • Professional Management Expense $10,104
  • Trash Expense $2,631
  • Water Sewer Expense $2,631
  • New Taxes Expense $48,453
  • Operating Expense $88,671
  • Gross Income $260,220
  • Net Operating Income $163,922

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.32 Acres

Parking

4

Listing Details

  • Professional Management Expense: 10104.00
  • Property Attached: No
  • Water Sewer Expenses: 2631.00
  • Zoning: WHR4*
  • Property Type: Residential Income
  • Parcel Number: 8139034026
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 308.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2631.00
  • 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: Landscaped
  • Lot Size Sq Ft: 13939.20
  • Lot Size Acres: 0.3200

Multi Family

  • Electric Expense: 2631.00
  • Fuel Expense: 2631.00
  • Gross Income: 260220.00
  • Gross Operating Income: 252593.00
  • Gross Scheduled Income: 260220.00
  • Insurance Expense: 5508.00
  • Lot Size Area: 0.3200 Acres
  • Maintenance Expense: 7000.00
  • Net Operating Income: 163922.00
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 88671.00
  • Other Expense: 7080.00
  • Rent Control: No
  • Total Actual Rent: 21185.00
  • Total Expenses: 88671.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 48453.00
  • Tax Block: 30
  • Tax Census Tract: 5015.04
  • Tax Lot: 16
  • Tax Tract Number: 501504

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

Listed on
Jul 23, 2018
Closed on
Dec 3, 2018
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$4,000,000
Sold Price
$3,740,000
Premium/Discount to List
-$260,000
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,431,000
Interest Rate
4.8%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 24, 2016
Closed on
May 10, 2016
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$3,350,000
Sold Price
$3,330,000
Premium/Discount to List
-$20,000
-0.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$2,164,500
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2014
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
$1,216,000
Interest Rate
4.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 5, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 3, 1996
Sold by
Bought by
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
$3,740,000 Chicago Title Company
$3,330,000 Chicago Title Company
$1,890,000 Fidelity National Title
$720,000 --
$643,405 Stewart Title
-- --
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 $2,600,000
Closed $2,431,000
Previous Owner $2,164,500
Previous Owner $1,216,000
Previous Owner $600,000
Previous Owner $468,000
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 Prior Sale
07/04/2026 07/04/26 Off Market -- -- --
11/20/2025 11/20/25 For Rent -- -- --
03/05/2025 03/05/25 Off Market -- -- --
01/17/2025 01/17/25 For Rent -- -- --
08/20/2022 08/20/22 For Rent -- -- --
12/13/2018 12/13/18 Sold $3,740,000 -4.0% $308 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
09/04/2018 09/04/18 Price Changed $3,895,000 -2.6% $321 / Sq Ft
07/23/2018 07/23/18 For Sale $4,000,000 +20.1% $330 / Sq Ft
06/02/2016 06/02/16 Sold $3,330,000 -0.6% $274 / Sq Ft View Prior Sale
04/12/2016 04/12/16 Pending -- -- --
02/26/2016 02/26/16 For Sale $3,350,000 +77.2% $276 / Sq Ft
09/29/2014 09/29/14 Sold $1,890,000 -0.5% $156 / Sq Ft View Prior Sale
07/03/2014 07/03/14 Pending -- -- --
07/03/2014 07/03/14 For Sale $1,900,000 -- $157 / 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 $54,986 $4,172,038 $2,788,796 $1,383,242
2024 $50,879 $4,090,234 $2,734,114 $1,356,120
2023 $50,011 $4,010,034 $2,680,504 $1,329,530
2022 $49,194 $3,931,407 $2,627,946 $1,303,461
2021 $48,844 $3,854,321 $2,576,418 $1,277,903
2019 $47,204 $3,740,830 $2,500,000 $1,240,830
2018 $44,071 $3,465,362 $2,039,184 $1,426,178
2016 $25,887 $1,918,822 $1,116,775 $802,047
2015 $25,480 $1,890,000 $1,100,000 $790,000
2014 -- $1,021,203 $613,245 $407,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18178179

California Regional Multiple Listing Service (CRMLS)
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