Seller's Agent in 2021
Philip Nastasi, REALTOR®, SRES®,
Rodeo Realty
(818) 349-9997
1 in this area
11 Total Sales
7615 Bright Ave Whittier, CA 90602
South Whittier Neighborhood
4
Beds
3
Baths
4,759
Sq Ft
7,147
Sq Ft Lot
Highlights
- No HOA
- Neighborhood Views
- Balcony
- Corian Countertops
- Hiking Trails
- Double Pane Windows
About This Home
As of April 20217615 Bright Avenue consists of one 7-unit building built in 1971. The property offers 6 spacious 1 bed/ 1 bath units & 1 large 3 bed/ 2 bath unit, all come with a wall mounted HVAC unit. There is ample onsite parking that includes 1 two car garage, one single car garage and seven carports. The complex has a small private laundry facility. All units are separately metered for gas and electricity which keeps landlord operating expenses to a minimum. The property is in close proximity to the Whittier Library, Community Center, City Hall, Turnbull Canyon hiking/biking trail, and Whittier College. 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 investors portfolio. This is a must see! Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants.
Last Agent to Sell the Property
Philip Nastasi, REALTOR®, SRES®,
Rodeo Realty License #01892875 Listed on: 03/10/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,609
Year Built
- Built in 1971
Lot Details
- 7,147 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Block Wall Fence
- Fence is in good condition
- Rectangular Lot
- Level Lot
Parking
- 3 Car Garage
- 7 Carport Spaces
- Parking Available
- Front Facing Garage
- Side Facing Garage
- Assigned Parking
Home Design
- Property Attached
- Cosmetic Repairs Needed
- Flat Roof Shape
- Slab Foundation
- Fire Rated Drywall
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 4,759 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Window Screens
- Living Room with Fireplace
- Neighborhood Views
- Laundry Room
Kitchen
- Gas Range
- Free-Standing Range
- Corian Countertops
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Central Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Legal Lot and Block 16 / 14
- Assessor Parcel Number 8141012024
Community Details
Overview
- No Home Owners Association
- 7 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Hiking Trails
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- Electric Expense $611
- Fuel Expense $2,003
- Gardener Expense $100
- Insurance Expense $5,470
- Maintenance Expense $12,039
- Professional Management Expense $1,200
- Trash Expense $2,135
- Water Sewer Expense $4,383
- Operating Expense $42,467
- Gross Income $81,030
- Net Operating Income $38,563
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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 |
|---|---|---|---|---|
| 04/08/2021 04/08/21 | Sold | $1,420,000 | +8.0% | $298 / Sq Ft |
| 03/18/2021 03/18/21 | For Sale | $1,315,000 | -7.4% | $276 / Sq Ft |
| 03/15/2021 03/15/21 | Off Market | $1,420,000 | -- | -- |
| 03/15/2021 03/15/21 | Pending | -- | -- | -- |
| 03/10/2021 03/10/21 | For Sale | $1,315,000 | -- | $276 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $21,994 | $1,731,890 | $1,125,729 | $606,161 |
| 2024 | $21,994 | $1,697,932 | $1,103,656 | $594,276 |
| 2023 | $21,549 | $1,664,640 | $1,082,016 | $582,624 |
| 2022 | $21,039 | $1,632,000 | $1,060,800 | $571,200 |
| 2021 | $15,833 | $1,161,007 | $813,202 | $347,805 |
| 2020 | $15,635 | $1,149,103 | $804,864 | $344,239 |
| 2019 | $15,583 | $1,126,573 | $789,083 | $337,490 |
| 2018 | $15,256 | $1,104,484 | $773,611 | $330,873 |
| 2016 | $14,709 | $1,061,598 | $743,572 | $318,026 |
| 2015 | $14,294 | $1,045,652 | $732,403 | $313,249 |
| 2014 | $14,045 | $1,025,170 | $718,057 | $307,113 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Nastasi, REALTOR®, SRES®,
-
Dan Lewin
Buyer's Agent in 2021
Dan Lewin
Younglewin Advisors, Inc.
(310) 720-7939
1 in this area
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR21045720
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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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