NOT LISTED FOR SALE

7717 Painter Ave Whittier, CA 90602

South Whittier Neighborhood

Estimated Value: $1,056,106 - $1,220,000

5 Beds
4 Baths
2,915 Sq Ft
$383/Sq Ft Est. Value

Last Sold September 24, 2014

Last sale price $570,000 $196 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $6,585/month

6 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • 1-Story Property

About This Home

As of September 2014

Nice property near Whittier College. Fully occupied with long term tenants. Garages with alley access and Laundry Income. Low Rents! One 2 bedroom and the rest are 1 bedrooms with 1 bath. Walking distance to Uptown Whittier, Whittier College, restaurants & shops.

Last Agent to Sell the Property

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 09/02/2014

Last Buyer's Agent

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 09/02/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,853 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 2,915 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 4
  • Tax Tract Number 6820
  • Assessor Parcel Number 8142036060

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $1,320
  • Other Expense $2,520
  • Trash Expense $1,050
  • Water Sewer Expense $1,050
  • New Taxes Expense $7,125
  • Gross Income $36,720
  • Net Operating Income $21,519

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.78
  • Property Attached: Yes
  • Water Sewer Expenses: 1050.00
  • Property Type: Residential Income
  • Parcel Number: 8142036060
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 195.54

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1050.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6853.00
  • Lot Size Acres: 0.1570

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 36720.00
  • Gross Multiplier: 15.52
  • Gross Scheduled Income: 36720.00
  • Insurance Expense: 1320.00
  • Lot Size Area: 6853.0000 Square Feet
  • Net Operating Income: 21519.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 13365.00
  • Other Expense: 2520.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Actual Rent: 3035.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7125.00
  • Taxes Percent: 1.25
  • Tax Lot: 4
  • Tax Tract Number: 6820
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2015
Sold by
Cheng Lulu Yen Lu
Bought by
Cheng Lulu Yen Lu and Lulu Cheng Living Trust
Current Estimated Value
$1,117,527

Purchase Details

Listed on
Sep 2, 2014
Closed on
Sep 9, 2014
Sold by
Cheng Kevin
Bought by
Cheng Lulu Yen Lu
Seller's Agent
James Joseph
Liberty Real Estate Services
Buyer's Agent
James Joseph
Liberty Real Estate Services
List Price
$569,999
Sold Price
$570,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%

Purchase Details

Listed on
Sep 2, 2014
Closed on
Sep 8, 2014
Sold by
Ragel Dale E
Bought by
Cheng Lulu Yen Lu and Chen Jason Shi Chun
Seller's Agent
James Joseph
Liberty Real Estate Services
Buyer's Agent
James Joseph
Liberty Real Estate Services
List Price
$569,999
Sold Price
$570,000
Premium/Discount to List
$1
0.0%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Cheng Lulu Yen Lu -- None Available
Chen Jason Shih Chun -- None Available
Cheng Lulu Yen Lu -- None Available
Cheng Lulu Yen Lu $570,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2014 09/24/14 Sold $570,000 0.0% $196 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
09/02/2014 09/02/14 For Sale $569,999 -- $196 / 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 $8,902 $685,047 $480,737 $204,310
2024 $8,902 $671,615 $471,311 $200,304
2023 $8,774 $658,447 $462,070 $196,377
2022 $8,562 $645,537 $453,010 $192,527
2021 $8,413 $632,880 $444,128 $188,752
2019 $8,289 $614,110 $430,956 $183,154
2018 $8,001 $602,069 $422,506 $179,563
2017 $7,807 $590,265 $414,222 $176,043
2016 $8,211 $624,346 $403,050 $221,296
2015 $7,564 $570,000 $400,000 $170,000
2014 $4,449 $304,982 $150,664 $154,318
Source: Public Records

Agents Affiliated with this Home

  • James Joseph

    Seller's Agent in 2014

    James Joseph

    Liberty Real Estate Services

    (562) 236-0088

    1 in this area

    4 Total Sales

    James Joseph
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14188706

California Regional Multiple Listing Service (CRMLS)

APN: 8142-036-060

California Los Angeles County Whittier 90602 South Whittier

7717 Painter Ave, Whittier, CA

Not Listed for Sale

MultiFamily

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