NOT LISTED FOR SALE

7906 Milton Ave Whittier, CA 90602

1 Bed
1 Bath
4,149 Sq Ft
5,423 Sq Ft Lot

Last Sold August 21, 2015

Last sale price $950,000 $229 Per Sq Ft

18 Days on Market

About This Home

As of August 2015

We proudly present this 7 unit multi-family property in desirable Uptown Whittier. All 7 units consist of one-bedroom one-bathroom units which are separately metered for electricity and gas. Tenants enjoy onsite garage parking, laundry facility, and gated entry. The current rental rates are well below the market average allowing a new investor the opportunity to significantly increase cash-flow. The subject property is located in the heart of Uptown Whittier and within walking distance to public schools, public library, Whittier College, and accessible public transportation. Do not disturb the tenants nor walk on the property as they are not aware the property is for sale.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 06/01/2015

RE/MAX 2000 REALTY

Last Buyer's Agent

Carlos Skubacz

RE/MAX 2000 Realty License #01474295

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 5,423 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 7 Car Garage

Home Design

  • 4,149 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 004
  • Tax Tract Number 25
  • Assessor Parcel Number 8141025004

Community Details

Overview

  • 7 Units

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $1,660
  • Maintenance Expense $4,913
  • Other Expense $1,400
  • Trash Expense $1,425
  • Water Sewer Expense $1,425
  • New Taxes Expense $13,011
  • Gross Income $71,400
  • Net Operating Income $45,396

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

7

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1425.00
  • Property Type: Residential Income
  • Parcel Number: 8141025004
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 228.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1425.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5423.00
  • Price Per Lot Square Foot: 175.18
  • Lot Size Acres: 0.1240

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 71400.00
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 1660.00
  • Lot Size Area: 5423.0000 Square Feet
  • Maintenance Expense: 4913.00
  • Net Operating Income: 45396.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 24794.00
  • Other Expense: 1400.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 5950.00

Tax Info

  • New Taxes Expense: 13011.00
  • Tax Lot: 004
  • Tax Tract Number: 025
  • Tax Year: 2014

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
08/21/2015 08/21/15 Sold $950,000 +1.1% $229 / Sq Ft
06/19/2015 06/19/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $940,000 -- $227 / 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: CV15117118

California Regional Multiple Listing Service (CRMLS)