NOT LISTED FOR SALE
6 Beds
6 Baths
3,072 Sq Ft
6,999 Sq Ft Lot

Last Sold January 28, 2021

Last sale price $1,250,000 $407 Per Sq Ft

15 Days on Market

Highlights

  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA
  • Living Room
  • Block Wall Fence

About This Home

As of January 2021

***OPPORTUNITY KNOCKS***Don’t miss out on this 6-unit apartment property in the beautiful city of Whittier, close to Whittier College, Community Centers, restaurants, shops and Uptown. It is perfect for an investor looking to acquire an apartment property and maximize its income potential. The subject property has all 1 bedroom/1 bath units and offers tenants onsite parking and private laundry facility. All units are separately metered for gas and electricity which keeps landlord operating expenses to a minimum. Current ownership has maintained the rental rates well below the market level and with the right strategy and approach, a new investor can take advantage of a significant repositioning opportunity. This would be a fantastic addition to any investor’s portfolio. This is a must see!

Last Agent to Sell the Property

Darryl Jones

ERA North Orange County License #01076312 Listed on: 09/24/2020

Last Buyer's Agent

Darryl Jones

ERA North Orange County License #01076312 Listed on: 09/24/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,000

Year Built

  • Built in 1958

Lot Details

  • 6,999 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Lawn

Home Design

  • Apartment

Interior Spaces

  • 3,072 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Available
  • Driveway
  • Paved Parking
  • Parking Lot
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for sewer, trash collection, water
  • Legal Lot and Block 17 / K
  • Assessor Parcel Number 8141005020

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $1,200
  • Insurance Expense $1,451
  • Trash Expense $2,454
  • Water Sewer Expense $1,400
  • Operating Expense $6,805
  • Gross Income $1,200
  • Net Operating Income $79,295

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,000

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1400.00
  • Zoning: WHR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8141005020
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 406.90
  • Room Type: Kitchen, Living Room, Master Bathroom

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Asphalt, Paved, Parking Space
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2454.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 6999.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: Sewer, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Electric Expense: 300.00
  • Gross Income: 1200.00
  • Gross Scheduled Income: 86100.00
  • Insurance Expense: 1451.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 6999.0000 Square Feet
  • Net Operating Income: 79295.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 6805.00
  • Rent Control: No
  • Total Actual Rent: 86100.00
  • Total Expenses: 6805.00

Tax Info

  • Tax Block: K
  • Tax Census Tract: 5018.03
  • Tax Lot: 17
  • Tax Annual Amount: 12000.00

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
01/28/2021 01/28/21 Sold $1,250,000 +13.6% $407 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $1,100,000 -- $358 / 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: PW20198159

California Regional Multiple Listing Service (CRMLS)