K
Seller's Agent in 2021
KEN MAZANIANS
REALTY ONE GROUP MASTERS
7906 Painter Ave Whittier, CA 90602
Michigan Park NeighborhoodEstimated Value: $1,115,000 - $1,364,000
6
Beds
4
Baths
2,831
Sq Ft
$438/Sq Ft
Est. Value
About This Home
As of April 2021Wow, 5 cap plus cash flowing property in HOT East LA County market for a 4-plex !!, Prime uptown Whittier location, huge lot, 4 bungalow units all with enclosed garages and 4 car ports. Total of 8 parking spaces... Rents are way below market, Unit 1 is 1/1 rents for $1320, market is $1550, has front yard and back door and patio, garage and car port. Unit 2 is 1/1, rents for $1425, market is $1550, has back door and patio, garage and car port. Unit 3 is 2/1, rents for $1750, market is $1800, has a very large side yard and back door and patio, garage and car port. Unit 4 is 2/1, rents for $1635, market is $1800, has a very large balcony, garage and car port. Shared Laundry. With 5 cap plus and with today's super low interest rates start achieving tremendous cash flow. Easy to manage. Market GRM is 12.1 !! Market Cap 5.6 !!
Last Agent to Sell the Property
KEN MAZANIANS
REALTY ONE GROUP MASTERS License #01162745 Listed on: 02/08/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 7,901 Sq Ft Lot
- No Common Walls
Parking
- 4 Car Garage
Home Design
- 2,831 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 8142013040
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $20,880
- Gross Income $73,560
- Net Operating Income $52,680
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 1, 2018
Closed on
Oct 29, 2018
Sold by
7906 Painter Llc
Bought by
Sarkissian Areg and Sarkissian Adrineh
Seller's Agent
Giomar Vasquez
G & V Options & Solutions Inc
Buyer's Agent
Vazgen Mazanians
Pacific Realty Center
List Price
$890,000
Sold Price
$910,000
Premium/Discount to List
$20,000
2.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,813
Avg. Annual Appreciation
4.40%
Original Mortgage
$682,500
Outstanding Balance
$598,941
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$639,872
Purchase Details
Closed on
Feb 4, 2014
Sold by
Sato Sho
Bought by
7906 Painter Llc
Purchase Details
Closed on
Nov 20, 2013
Sold by
7906 Painter Llc
Bought by
Sato Sho and Sato Michiko
Purchase Details
Closed on
Sep 5, 2013
Sold by
Sato Sho
Bought by
7906 Painter Llc
Purchase Details
Closed on
Aug 17, 2012
Sold by
Cerwonka Janette E and The Cerwonka Living Trust
Bought by
Sato Sho and Sato Michiko
Purchase Details
Closed on
May 27, 2004
Sold by
Cerwonka Janette E and Macklin Patricia
Bought by
Cerwonka Janette E and Cerwonka Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 21, 2004
Sold by
Cerwonka Janette E and Cerwonka Living Trust
Bought by
Cerwonka Janette E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 21, 2001
Sold by
Macklin Carl H and Macklin Patricia H
Bought by
Macklin Carl H
Purchase Details
Closed on
Mar 21, 2000
Sold by
Cerwonka Janette E
Bought by
Cerwonka Janette E and Cerwonka Living Trust
Purchase Details
Closed on
Jul 28, 1998
Sold by
Cerwonka Janette Marone and Macklin Patricia H
Bought by
Cerwonka Janette Marone
Purchase Details
Closed on
Jul 9, 1998
Sold by
Hillman Thelma A
Bought by
Hillman Ayleene and The Hillman Family Trust
Purchase Details
Closed on
Oct 30, 1997
Sold by
Williams Victor M
Bought by
Hillman Thelma A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7%
Purchase Details
Closed on
Jul 18, 1995
Sold by
Hamilton Terry Ross and The Ruby Hamilton Revocable Tr
Bought by
Williams Victor M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,750
Interest Rate
7.8%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sarkissian Areg | $910,000 | Stewart Title Of California | |
| 7906 Painter Llc | -- | Accommodation | |
| Sato Sho | -- | Progressive Title | |
| 7906 Painter Llc | -- | None Available | |
| Sato Sho | $431,000 | Title 365 | |
| Cerwonka Janette E | -- | Fidelity Van Nuys | |
| Cerwonka Janette E | -- | Fidelity National Title | |
| Cerwonka Janette E | -- | Fidelity National Title | |
| Macklin Patricia | -- | Fidelity National Title | |
| Macklin Carl H | -- | -- | |
| Cerwonka Janette E | -- | -- | |
| Cerwonka Janette Marone | -- | -- | |
| Hillman Ayleene | -- | -- | |
| Hillman Thelma A | $270,000 | Southland Title Corporation | |
| Williams Victor M | $217,500 | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sarkissian Areg | $682,500 | |
| Previous Owner | Cerwonka Janette E | $185,000 | |
| Previous Owner | Hillman Thelma A | $189,000 | |
| Previous Owner | Williams Victor M | $195,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/06/2021 04/06/21 | Sold | $1,000,000 | +2.0% | $353 / Sq Ft | |
| 02/19/2021 02/19/21 | Pending | -- | -- | -- | |
| 02/08/2021 02/08/21 | For Sale | $980,000 | +7.7% | $346 / Sq Ft | |
| 11/28/2018 11/28/18 | Sold | $910,000 | +2.2% | $321 / Sq Ft | View Prior Sale |
| 10/01/2018 10/01/18 | For Sale | $890,000 | -- | $314 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $14,066 | $1,082,430 | $703,580 | $378,850 |
| 2024 | $13,020 | $1,061,207 | $689,785 | $371,422 |
| 2023 | $12,779 | $1,040,400 | $676,260 | $364,140 |
| 2022 | $12,522 | $1,020,000 | $663,000 | $357,000 |
| 2021 | $11,565 | $937,815 | $669,868 | $267,947 |
| 2020 | $11,472 | $928,200 | $663,000 | $265,200 |
| 2019 | $11,365 | $910,000 | $650,000 | $260,000 |
| 2018 | $8,125 | $584,416 | $335,498 | $248,918 |
| 2016 | $7,556 | $561,724 | $322,471 | $239,253 |
| 2015 | $7,652 | $553,288 | $317,628 | $235,660 |
| 2014 | $7,483 | $542,451 | $311,407 | $231,044 |
Source: Public Records
Agents Affiliated with this Home
-
-
NoEmail NoEmail
N
Buyer's Agent in 2021
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
6,234 Total Sales
-
Giomar Vasquez
Seller's Agent in 2018
Giomar Vasquez
G & V Options & Solutions Inc
(562) 857-1007
35 Total Sales
-
V
Buyer's Agent in 2018
Vazgen Mazanians
Pacific Realty Center
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21025950
APN: 8142-013-040
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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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