NOT LISTED FOR SALE

7718 Bright Ave Whittier, CA 90602

Estimated Value: $1,152,000 - $1,349,000

6 Beds
3 Baths
2,762 Sq Ft
$447/Sq Ft Est. Value

Last Sold June 29, 2022

Last sale price $1,160,000 $420 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,962/month

29 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Carpet

About This Home

As of June 2022

3 - Unit Triplex in the heart of Whittier CA. Each unit has 2 bedrooms and 1 bathroom. New paint, carpet, and laminate flooring has been installed in the middle unit. The property has parking for 6 cars and has access to the back alley. Total living square feet is roughly 2,762 sitting on an estimated 7,000 square foot lot. Each unit has its own meters for water, gas, and electric. This 3-unit property is in the heart of Whittier and provides the ideal walkability and convenience to attract the best renters. Inquire on this property before it’s too late. Do not disturb tenants. Contact agent to schedule showing.

Last Agent to Sell the Property

Jon Long

Ardent Real Estate Group, Inc. License #01850579 Listed on: 03/22/2022

Last Buyer's Agent

Jon Long

Ardent Real Estate Group, Inc. License #01850579 Listed on: 03/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,856

Year Built

  • Built in 1923

Lot Details

  • 7,000 Sq Ft Lot
  • No Common Walls
  • Private Yard

Home Design

  • 2,762 Sq Ft Home
  • Triplex
  • Shingle Roof
  • Asphalt Roof
  • Common Roof

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, trash collection, water
  • Tax Lot 9
  • Tax Tract Number 501
  • Assessor Parcel Number 8141030008

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,623
  • Operating Expense $9,810
  • Gross Income $74,340
  • Net Operating Income $64,530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,856

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.30
  • Price Per Unit: 341667
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: WHR3*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8141030008
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Levels: One
  • Price Per Square Foot: 419.99

Exterior Features

  • Pool Private: No
  • Roof: Asphalt, Common Roof, Shingle
  • Spa: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 74340.00
  • Gross Operating Income: 74340.00
  • Gross Scheduled Income: 74340.00
  • Insurance Expense: 1623.00
  • Lot Size Area: 7000.0000 Square Feet
  • Net Operating Income: 64530.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 9810.00
  • Rent Control: No
  • Total Expenses: 9810.00

Tax Info

  • Tax Census Tract: 5018.04
  • Tax Lot: 9
  • Tax Tract Number: 501...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2015
Sold by
Lokken Dorothe E and Lokken Pat
Bought by
Lokken Dorothe E and Pat Lokken Trust
Current Estimated Value
$1,234,078
Source: Public Records

Range of Values:

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Average Value
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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
Lokken Dorothe E -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $1,160,000 +13.2% $420 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $1,025,000 -- $371 / 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 $14,856 $1,231,000 $861,700 $369,300
2024 $14,856 $1,206,863 $844,804 $362,059
2023 $14,584 $1,183,200 $828,240 $354,960
2022 $12,394 $1,005,000 $653,000 $352,000
2021 $3,965 $264,373 $93,810 $170,563
2020 $3,950 $261,664 $92,849 $168,815
2019 $3,958 $256,534 $91,029 $165,505
2018 $4,119 $251,505 $89,245 $162,260
2016 $3,781 $241,741 $85,781 $155,960
2015 $3,682 $238,111 $84,493 $153,618
2014 $3,547 $233,447 $82,838 $150,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22054356

California Regional Multiple Listing Service (CRMLS)

APN: 8141-030-008