NOT LISTED FOR SALE

7325 Norwalk Blvd Whittier, CA 90606

West Whittier-Los Nietos Neighborhood
3 Beds
2 Baths
12,064 Sq Ft
0.42 Acres

Last Sold July 20, 2022

Last sale price $4,200,000 $348 Per Sq Ft

43 Days on Market

Highlights

  • 0.42 Acre Lot
  • Laundry Room
  • Rectangular Lot
  • Daniel Phelan Language Academy Rated 9+

About This Home

As of July 2022

Pleased to present Twin Palms, a 16-unit apartment community located in Whittier, CA (unincorporated). The building offers 1-bedrooms (12) & large 2-bedroom units (4) each with A/C wall units, ceiling fans, laminate wood floors (some units), and gas cooking. The property features a leased laundry facility, a combination of carport & open parking, a partially new roof, individual gas and electric meters, and copper plumbing. This value-add deal presents the opportunity for an investor to achieve a 5.3% cap rate on market rents.

Last Agent to Sell the Property

Chris Keramati

Triqor Group License #01702116 Listed on: 05/04/2022

Last Buyer's Agent

JUAN COVARRUBIAS

UNITED CAPITAL REALTY License #01227114

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.42 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • 12,064 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 8176007032
  • $5,024 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • Operating Expense $102,163
  • Gross Income $264,554
  • Net Operating Income $162,391

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Price Per Unit: 284375
  • Property Attached: Yes
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Parcel Number: 8176007032
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 348.14

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • 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: Rectangular Lot
  • Lot Size Sq Ft: 18498.00
  • Lot Size Acres: 0.4247

Multi Family

  • Gross Income: 264554.00
  • Gross Scheduled Income: 272736.00
  • Lot Size Area: 18498.0000 Square Feet
  • Net Operating Income: 162391.00
  • Number Of Units Total: 16
  • Operating Expense: 102163.00
  • Rent Control: Yes
  • Total Expenses: 102163.00

Tax Info

  • Tax Census Tract: 5022.00
  • TaxOtherAnnualAssessmentAmount: 5024.00

Range of Values:

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Average Value
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List Price
Sold Price
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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
07/20/2022 07/20/22 Sold $4,200,000 -7.7% $348 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $4,550,000 -- $377 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Keramati

    Seller's Agent in 2022

    Chris Keramati

    Triqor Group

    (949) 756-3232

    2 in this area

    20 Total Sales

    Section Image
  • JUAN COVARRUBIAS

    Buyer's Agent in 2022

    JUAN COVARRUBIAS

    UNITED CAPITAL REALTY

    (626) 222-3045

    2 in this area

    19 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22093150

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Whittier 90606 West Whittier-Los Nietos

7325 Norwalk Blvd, Whittier, CA

This home is located at 7325 Norwalk Blvd, Whittier, CA 90606 since 04 May 2022. This property was built in 1962. 7325 Norwalk Blvd is a home located in Los Angeles County with nearby schools including Daniel Phelan Language Academy, Katherine Edwards Middle School, and Pioneer High School.

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California Regional Multiple Listing Service (CRMLS) 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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