Seller's Agent in 2021
Teresa Wang
Century Commercial RE Services
(626) 500-5789
22 Total Sales
7312 Newlin Ave Whittier, CA 90602
Uptown Whittier Neighborhood
7
Beds
5
Baths
5,353
Sq Ft
7,001
Sq Ft Lot
About This Home
As of January 2021*Great Location in the City of Whittier. The Two-Story 6 Units Well Maintained Apartment Building in An Excellent and High Demand Rental Desirable Neighborhood with Low Vacancy Rate in the City of Whittier (Next to Hacienda Heights , La Habra , Pico Rivera .) Close to Whittier City College . Building Inside Total 5,353 Sq.ft. New Paint on the Building. Newer Windows and Most of the Units have been Renovated. Four Units are All Two Bedrooms with One Bath at Monthly Rent $1,575 to $ 1,675. One Unit is Two Bedrooms with Two Baths at Monthly Rent $1,900, One Unit is One Bedroom with One Bath and Balcony at Monthly Rent $1,595. Individually Laundry Room. Tenants pay for Their Own Gas & Electricity Bills Thru the Individual Meters. Annual Gross Income Approx. $ 121,140, Annual Expense $ 35,591 which includes Property Tax, Insurance , Gardener, Electricity in Common Area, Water, Trash and Management Fee. Annual Net Operating Income Approx. $85,549. Cap Rate: 4.81 % with Current Property Tax Rate. Performa Annual Rental Income will be $130,140. Separate On-Site Washer or Dryer. 6 Cars Garages Parking Spaces in the Back of the Building. Close to Freeway 605 and 60, Shopping Centers , Restaurants & Parks. Tenants with a "Month-To-Month" Lease Which Provides An Investor the Opportunity to Adjust the Rent in the future. Great investment opportunity For The Investor to Keep as a Long Term Investment. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*
Last Agent to Sell the Property
Century Commercial RE Services License #01772547 Listed on: 09/02/2020
Last Buyer's Agent
may chiu
RICHTOWN REALTY License #00963217
Property Details
Home Type
- Apartment
Year Built
- Built in 1973
Lot Details
- 7,001 Sq Ft Lot
- No Common Walls
- Flag Lot
Parking
- 6 Car Garage
Home Design
- 5,353 Sq Ft Home
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 22
- Tax Tract Number 5018
- Assessor Parcel Number 8141006024
Community Details
Overview
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $656
- Fuel Expense $1,618
- Gardener Expense $1,200
- Insurance Expense $3,600
- Professional Management Expense $4,200
- Trash Expense $2,017
- Water Sewer Expense $1,612
- New Taxes Expense $20,688
- Operating Expense $35,591
- Gross Income $121,140
- Net Operating Income $85,549
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/20/2021 01/20/21 | Sold | $1,700,000 | -4.5% | $318 / Sq Ft | |
| 10/15/2020 10/15/20 | Pending | -- | -- | -- | |
| 09/02/2020 09/02/20 | For Sale | $1,780,000 | +16.7% | $333 / Sq Ft | |
| 10/12/2018 10/12/18 | Sold | $1,525,000 | 0.0% | $285 / Sq Ft | View Prior Sale |
| 08/20/2018 08/20/18 | Pending | -- | -- | -- | |
| 07/17/2018 07/17/18 | For Sale | $1,525,000 | +56.4% | $285 / Sq Ft | |
| 02/04/2014 02/04/14 | Sold | $975,000 | 0.0% | $182 / Sq Ft | View Prior Sale |
| 12/03/2013 12/03/13 | Pending | -- | -- | -- | |
| 11/12/2013 11/12/13 | For Sale | $975,000 | -- | $182 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $24,863 | $1,840,133 | $1,012,073 | $828,060 |
| 2024 | $22,911 | $1,804,053 | $992,229 | $811,824 |
| 2023 | $23,188 | $1,768,680 | $972,774 | $795,906 |
| 2022 | $22,675 | $1,734,000 | $953,700 | $780,300 |
| 2021 | $20,081 | $1,571,614 | $1,009,955 | $561,659 |
| 2020 | $19,975 | $1,555,500 | $999,600 | $555,900 |
| 2019 | $19,749 | $1,525,000 | $980,000 | $545,000 |
| 2018 | $14,361 | $1,050,433 | $374,924 | $675,509 |
| 2016 | $13,947 | $1,009,645 | $360,366 | $649,279 |
| 2015 | $13,513 | $994,480 | $354,953 | $639,527 |
| 2014 | -- | $444,503 | $150,241 | $294,262 |
Source: Public Records
Agents Affiliated with this Home
-
Teresa Wang
-
m
Buyer's Agent in 2021
may chiu
RICHTOWN REALTY
-
Gary Tolfa
Seller's Agent in 2018
Gary Tolfa
Triqor Group
(949) 756-3232
12 Total Sales
-
S
Buyer's Agent in 2018
Sheng Wang
Century 21 Care
-
A
Seller's Agent in 2014
Ali Hijazi
Century 21 A Better Service
-
NoEmail NoEmail
N
Buyer's Agent in 2014
NoEmail NoEmail
None MRML
(646) 541-2551
2 in this area
6,304 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR20181383
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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