NOT LISTED FOR SALE

7902 Milton Ave Whittier, CA 90602

2 Beds
2 Baths
4,149 Sq Ft
5,841 Sq Ft Lot

Last Sold October 28, 2015

Last sale price $990,000 $239 Per Sq Ft

36 Days on Market

About This Home

As of October 2015

Well maintained Uptown Whittier 7 unit apartment building consisting of one bedroom one bathroom floor plans. Separately metered for electricity and gas, tenant amenities include garage parking, on-site laundry facility, and gated entrances. Upside potential; current rents are substantially below market allowing a new investor the opportunity to significantly increase cash flow. Easy to manage; low maintenance grounds. The subject property is located near PIH Health Hospital and Whittier College.

Last Agent to Sell the Property

Ignacio Diaz Jr

Investment Capital Real Estate License #01379930 Listed on: 07/23/2015

Last Buyer's Agent

Carlos Skubacz

RE/MAX 2000 License #01474295

RE/MAX 2000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 5,841 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 7 Car Garage

Home Design

  • 4,149 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 003
  • Tax Tract Number 25
  • Assessor Parcel Number 8141025003

Community Details

Overview

  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $450
  • Gardener Expense $600
  • Insurance Expense $1,800
  • Other Expense $2,450
  • Trash Expense $1,620
  • Water Sewer Expense $1,980
  • New Taxes Expense $12,240
  • Gross Income $6,075
  • Net Operating Income $50,422

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

7

Listing Details

  • Other Phone Description: 9492018817
  • Other Phone Number: 9492018817
  • Property Attached: Yes
  • Water Sewer Expenses: 1980.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8141025003
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 238.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 1620.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5841.00
  • Price Per Lot Square Foot: 169.49
  • Lot Size Acres: 0.1340

Multi Family

  • Electric Expense: 450.00
  • Gross Income: 6075.00
  • Gross Scheduled Income: 72900.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5841.0000 Square Feet
  • Net Operating Income: 50422.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 21620.00
  • Other Expense: 2450.00
  • Other Expense Description: Misc Mai
  • Rent Control: No
  • Vacancy Allowance: 1458

Tax Info

  • New Taxes Expense: 12240.00
  • Tax Lot: 003
  • Tax Tract Number: 025

Range of Values:

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Sold Price
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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
10/28/2015 10/28/15 Sold $990,000 -2.9% $239 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
07/23/2015 07/23/15 For Sale $1,020,000 -- $246 / 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: NP15161047

California Regional Multiple Listing Service (CRMLS)