$935,000
SOLD OCT 17, 2014

7622 Pickering Ave Whittier, CA 90602

3 Beds
3 Baths
4,894 Sq Ft
6,625 Sq Ft Lot

Recently Sold

$191 Per Sq Ft

1% Above List Price

4 Days on Market

About This Home

As of May 2019

Very clean, upgraded 8 unit complex. This is an A+ prime uptown Whittier location. This investment is always 100% rented/occupied, Rarely a vacancy and all of the tenants are long term. all financial are actual based and the upside pro-forma is outstanding.

Last Agent to Sell the Property

Tom Royds

Redfin Corporation License #00949407 Listed on: 08/14/2014

Redfin Corporation

Co-Listed By

Joe Royds

Redfin Corporation License #01934538

Last Buyer's Agent

Tom Royds

Redfin Corporation License #00949407 Listed on: 08/14/2014

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 6,625 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 4,894 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Tax Lot 14
  • Assessor Parcel Number 8141016008

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Water Meters
  • Electric Expense $600
  • Gardener Expense $1,800
  • Insurance Expense $2,160
  • Maintenance Expense $3,200
  • Other Expense $1,200
  • Professional Management Expense $1,800
  • Trash Expense $1,950
  • Water Sewer Expense $1,950
  • New Taxes Expense $12,830
  • Gross Income $6,690
  • Net Operating Income $47,696

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • CapRate: 5.16
  • Price Per Unit: 115000
  • Professional Management Expense: 1800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1950.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 8141016008
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 191.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1950.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6625.00
  • Lot Size Acres: 0.1520

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Average1 Bed Area: 5
  • Average2 Bed Area: 1
  • Average Studio Area: 2
  • Electric Expense: 600.00
  • Gross Income: 6690.00
  • Gross Multiplier: 11.52
  • Gross Scheduled Income: 80280.00
  • Gross Spendable Income: 80280.00
  • Insurance Expense: 2160.00
  • Lot Size Area: 6625.0000 Square Feet
  • Maintenance Expense: 3200.00
  • Net Operating Income: 47696.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 28570.00
  • Operating Expense Percent: 35.60
  • Other Expense: 1200.00
  • Other Expense Description: reserve
  • Rent Control: No
  • Total Actual Rent: 6640.00
  • Vacancy Allowance: 4014
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12830.00
  • Tax Lot: 14
  • Tax Tract Number: K
  • Tax Year: 2013

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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
02/25/2023 02/25/23 Price Changed $1,595 -5.9% $3 / Sq Ft
02/09/2023 02/09/23 Price Changed $1,695 +6.3% $3 / Sq Ft
01/17/2023 01/17/23 Price Changed $1,595 -11.1% $3 / Sq Ft
11/18/2022 11/18/22 Price Changed $1,795 +12.5% $4 / Sq Ft
11/17/2022 11/17/22 For Rent $1,595 0.0% --
05/21/2019 05/21/19 Sold $1,630,000 -4.0% $333 / Sq Ft
03/31/2019 03/31/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $1,698,000 +26.7% $347 / Sq Ft
12/03/2015 12/03/15 Sold $1,340,000 -0.7% $274 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $1,350,000 +44.4% $276 / Sq Ft
10/17/2014 10/17/14 Sold $935,000 +1.1% $191 / Sq Ft
08/18/2014 08/18/14 Pending -- -- --
08/14/2014 08/14/14 For Sale $925,000 -- $189 / 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: SB14175571

California Regional Multiple Listing Service (CRMLS)