NOT LISTED FOR SALE
-- Bed
1 Bath
1,975 Sq Ft
1959 Built

Last Sold April 11, 2017

Last sale price $816,000 $413 Per Sq Ft

12 Days on Market

About This Home

As of April 2017

7612 Newlin Ave is a well maintained 6-unit apartment community located in the City of Whittier, California. The property consists of all studio units. The property is located in a residential area in close proximity to local parks, the library, community center, theater, police department, post office, Kaiser Medical Offices, and the Quad at Whittier, a shopping center. Nearby schools include Lydia Jackson Elementary School, Katherine Edwards Middle School and Whittier High School. This non-rent controlled property offers great rental upside potential for the savvy investor.

Last Agent to Sell the Property

Jag Singh

Keller Williams - Eagle Rock License #01886951 Listed on: 03/16/2017

Keller Williams - Eagle Rock

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,010 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 1,975 Sq Ft Home

Additional Features

  • 1 Bathroom
  • Suburban Location

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 5018

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,295
  • Trash Expense $1,860
  • Water Sewer Expense $2,100
  • New Taxes Expense $8,942
  • Operating Expense $20,482
  • Gross Income $61,704
  • Net Operating Income $39,371

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2100.00
  • Zoning: WHR4*
  • Property Type: Residential Income
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 413.16

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1860.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7010.00

Multi Family

  • Gross Income: 61704.00
  • Gross Scheduled Income: 61704.00
  • Insurance Expense: 1295.00
  • Net Operating Income: 39371.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 20482.00
  • Rent Control: No
  • Total Expenses: 20482.00

Tax Info

  • New Taxes Expense: 8942.00
  • Tax Census Tract: 5018.03
  • Tax Lot: 10
  • Tax Tract Number: 5018

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
04/11/2017 04/11/17 Sold $816,000 +4.6% $413 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $780,000 +30.0% $395 / Sq Ft
09/16/2015 09/16/15 Sold $600,000 +98260.7% $304 / Sq Ft View Prior Sale
08/10/2015 08/10/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $610 -- $0 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $12,312 $947,032 $587,253 $359,779
2024 $12,312 $928,464 $575,739 $352,725
2023 $12,738 $910,259 $564,450 $345,809
2022 $11,866 $892,412 $553,383 $339,029
2021 $11,642 $874,915 $542,533 $332,382
2019 $11,595 $850,256 $526,442 $323,814
2018 $11,390 $833,610 $516,120 $317,490
2016 $9,098 $600,000 $300,000 $300,000
2015 $5,686 $300,506 $129,945 $170,561
2014 $5,235 $294,620 $127,400 $167,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17054569

California Regional Multiple Listing Service (CRMLS)