NOT LISTED FOR SALE

7701 Newlin Ave Whittier, CA 90602

Estimated Value: $1,065,768 - $1,269,000

5 Beds
4 Baths
2,650 Sq Ft
$451/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $675,000 $255 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $7,343/month

3 Days on Market

Highlights

  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Wood Fence

About This Home

As of February 2017

A great opportunity for an investor to get into the apartment business. Low low price for a 4 plex in Whittier. Very low rents. Some deferred maintenance. Out of state owner can not manage it from afar. Market rents are $950 for one and $1100 for two.

Last Agent to Sell the Property

Herb Dittrick

Orange County Realty Co License #00582923 Listed on: 02/03/2017

Co-Listed By

Lavonne Vojak

Orange County Realty Co License #01229898

Last Buyer's Agent

Arthur Vega

Community Brokers License #00580684

Community Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,985

Year Built

  • Built in 1954

Lot Details

  • 3,870 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Corner Lot
  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • 2,650 Sq Ft Home
  • Property Attached
  • Fixer Upper
  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 15
  • Tax Tract Number 7071
  • Assessor Parcel Number 8141020001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $10,000
  • Operating Expense $13,700
  • Gross Income $29,376
  • Net Operating Income $15,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,985

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 168750
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: WHR4*
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 8141020001
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 254.72

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street
  • Lot Size Sq Ft: 3870.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Operating Income: 29376.00
  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 15676.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13700.00
  • Rent Control: No
  • Total Expenses: 13700.00
  • Vacancy Allowance: 1224

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Census Tract: 5018.03
  • Tax Lot: 15
  • Tax Tract Number: 7071

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2017
Closed on
Feb 9, 2017
Sold by
Schaefer Conrad M
Bought by
Pensco Trust Company Llc and Richard Thacher Ira
Seller's Agent
Herb Dittrick
Orange County Realty Co
Buyer's Agent
Arthur Vega
Community Brokers
List Price
$675,000
Sold Price
$675,000
Current Estimated Value
$1,194,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$519,942
Avg. Annual Appreciation
6.70%

Purchase Details

Closed on
May 15, 1998
Sold by
Bondeson Carl L
Bought by
Bondeson Gerry E and The Bondeson Family Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pensco Trust Company Llc $675,000 None Available
Bondeson Gerry E -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2017 02/24/17 Sold $675,000 0.0% $255 / Sq Ft
02/06/2017 02/06/17 Off Market $675,000 -- --
02/06/2017 02/06/17 Pending -- -- --
02/05/2017 02/05/17 For Sale $675,000 0.0% $255 / Sq Ft
02/04/2017 02/04/17 Off Market $675,000 -- --
02/03/2017 02/03/17 For Sale $675,000 -- $255 / 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 $9,985 $783,388 $587,602 $195,786
2024 $9,985 $768,029 $576,081 $191,948
2023 $9,945 $752,971 $564,786 $188,185
2022 $9,606 $738,208 $553,712 $184,496
2021 $9,407 $723,734 $542,855 $180,879
2019 $9,290 $702,949 $526,754 $176,195
2018 $8,892 $689,180 $516,426 $172,754
2016 $1,904 $79,891 $20,474 $59,417
2015 $1,855 $78,692 $20,167 $58,525
2014 $1,837 $77,151 $19,772 $57,379
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17022959

California Regional Multiple Listing Service (CRMLS)

APN: 8141-020-001