NOT LISTED FOR SALE

7714 Newlin Ave Whittier, CA 90602

6 Beds
15 Baths
12,079 Sq Ft
0.32 Acres

Last Sold April 18, 2022

Last sale price $4,250,000 $352 Per Sq Ft

5 Days on Market

Highlights

  • 0.32 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA
  • Park
  • Parking Storage or Cabinetry

About This Home

As of April 2022

7714 Newlin Ave has an ideal Whittier location, positioned in a predominately residential area of the city yet just moments away from lively Uptown Whittier. Additionally, the property is adjacent to Whittier College, a world-class private college. This well maintained 14 unit 2 story apartment building has many long term tenants. It consists of (8) two bedrooms 1 bath, (2) one bedroom 1 bath, (2) studio & (2) three bedroom 2 bath units. Units offer carpet, and vinyl flooring, gas stoves, ceiling fans. Select units have been upgraded with new kitchen cabinets, bathroom vanities, stone countertops & vinyl plank flooring. Laundry is easily accessible with 2 separate laundry rooms. Tenant parking includes 12 single car tuck-under carports, 6 garages, 2 open parking spots. Property is gated with secured entry and parking.
Sale of this property subject to sellers finding replacement property for a 1031 tax exchange.
PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS.

Last Agent to Sell the Property

Mary Kasenberg

Coldwell Banker Realty License #00523581 Listed on: 02/03/2022

Coldwell Banker Realty

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • 12 Detached Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Home Design

  • Property Attached
  • Fire Rated Drywall

Interior Spaces

  • 12,079 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 15 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • Tax Lot 11
  • Tax Tract Number 7071
  • Assessor Parcel Number 8141022029

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 14 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $943
  • Fuel Expense $3,556
  • Gardener Expense $2,780
  • Insurance Expense $3,622
  • Water Sewer Expense $9,470
  • Operating Expense $50,000
  • Gross Income $263,000
  • Net Operating Income $213,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 300000
  • Property Attached: Yes
  • Security: Automatic Gate, Smoke Detector(s)
  • Water Sewer Expenses: 9470.00
  • Zoning: WHR4*
  • Property Type: Residential Income
  • Gardener Expense: 2780.00
  • Parcel Number: 8141022029
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 351.85

Exterior Features

  • Pool Private: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Carport Spaces: 12.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Carport, Detached Carport
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14095.00
  • Lot Size Acres: 0.3236

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Multi Family

  • Electric Expense: 943.00
  • Fuel Expense: 3556.00
  • Gross Income: 263000.00
  • Gross Scheduled Income: 263000.00
  • Insurance Expense: 3622.00
  • Lot Size Area: 14095.0000 Square Feet
  • Net Operating Income: 213000.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Number Wall A C: 16
  • Number With Disposal: 14
  • Number With Range: 14
  • Operating Expense: 50000.00
  • Rent Control: No
  • Total Actual Rent: 261300.00
  • Total Expenses: 50000.00

Tax Info

  • Tax Census Tract: 5018.03
  • Tax Lot: 11
  • Tax Tract Number: 7071

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
04/18/2022 04/18/22 Sold $4,250,000 +1.2% $352 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $4,200,000 -- $348 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mary Kasenberg

    Coldwell Banker Realty

    Section Image
  • Rick Applebaum

    Buyer's Agent in 2022

    Rick Applebaum

    Morgan Skenderian

    (949) 251-8800

    1 in this area

    63 Total Sales

    Rick Applebaum
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22019889

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Whittier 90602

7714 Newlin Ave, Whittier, CA

This home is located at 7714 Newlin Ave, Whittier, CA 90602 since 03 February 2022. This property was built in 1974. 7714 Newlin Ave is a home located in Los Angeles County with nearby schools including Lydia Jackson Elementary School, Katherine Edwards Middle School, and Whittier High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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