7940 Milton Ave Whittier, CA 90602
5
Beds
4
Baths
2,008
Sq Ft
5,353
Sq Ft Lot
About This Home
As of October 2024Value add property located in Whittier. This four unit building has not been on the market in over 36 years. Property consists of 3 one bedroom one Bathroom units and a detached two bedroom one bathroom House in the back. Property is in the need of some repair and is priced accordingly. Tons of upside.....
Last Agent to Sell the Property
First Team Real Estate License #01310869 Listed on: 07/18/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,839
Year Built
- Built in 1928
Lot Details
- 5,353 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Home Design
- 2,008 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 25
- Tax Tract Number 5199
- Assessor Parcel Number 8141025031
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $75
- Trash Expense $185
- Water Sewer Expense $265
- Operating Expense $525
- Gross Income $3,800
- Net Operating Income $3,275
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2024
Closed on
Oct 21, 2024
Sold by
Patel Malaykumar Jhinabhai and Patel Purva
Bought by
Mp Elite Powerhouse Llc
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,215,000
Sold Price
$1,215,000
Views
1
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
$2,493
Avg. Annual Appreciation
0.27%
Original Mortgage
$850,500
Outstanding Balance
$842,160
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$375,333
Purchase Details
Listed on
Oct 23, 2024
Closed on
Sep 27, 2024
Sold by
Kyinn Cheryl and Petersen Mickey
Bought by
Patel Malaykumar Jhinabhai and Patel Purva
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,215,000
Sold Price
$1,215,000
Views
1
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,500
Outstanding Balance
$842,160
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$375,333
Purchase Details
Listed on
Jul 18, 2022
Closed on
Apr 3, 2023
Sold by
Richard D Leitner Trust
Bought by
Kyinn Cheryl and Petersen Mickey
Seller's Agent
Steve Leitner
First Team Real Estate
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,000,000
Sold Price
$840,000
Premium/Discount to List
-$160,000
-16%
Views
209
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.54%
Original Mortgage
$630,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 24, 2017
Sold by
Leitner Richard Dale
Bought by
Leitner Richard D and Richard D Leitner Trust
Similar Homes in Whittier, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $1,215,000 | Priority Title | |
| Grant Deed | $840,000 | Wfg National Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $850,500 | New Conventional | |
| Previous Owner | $630,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2024 10/23/24 | Sold | $1,215,000 | 0.0% | $227 / Sq Ft |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- |
| 10/23/2024 10/23/24 | For Sale | $1,215,000 | +44.6% | $227 / Sq Ft |
| 05/05/2023 05/05/23 | Sold | $840,000 | -6.7% | $418 / Sq Ft |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- |
| 11/28/2022 11/28/22 | Price Changed | $899,900 | -5.3% | $448 / Sq Ft |
| 08/09/2022 08/09/22 | Price Changed | $950,000 | -5.0% | $473 / Sq Ft |
| 07/18/2022 07/18/22 | For Sale | $1,000,000 | -- | $498 / 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 | $10,839 | $1,215,000 | $790,000 | $425,000 |
| 2024 | $10,839 | $856,800 | $612,000 | $244,800 |
| 2023 | $4,808 | $300,214 | $115,576 | $184,638 |
| 2022 | $4,711 | $294,328 | $113,310 | $181,018 |
| 2021 | $4,580 | $288,558 | $111,089 | $177,469 |
| 2020 | $4,822 | $285,600 | $109,950 | $175,650 |
| 2019 | $5,191 | $280,001 | $107,795 | $172,206 |
| 2018 | $4,240 | $274,512 | $105,682 | $168,830 |
| 2017 | $4,154 | $269,130 | $103,610 | $165,520 |
| 2016 | $4,036 | $263,854 | $101,579 | $162,275 |
| 2015 | $4,032 | $259,892 | $100,054 | $159,838 |
| 2014 | $3,917 | $254,802 | $98,095 | $156,707 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Prashant Sampat
Pacific Avenue Realty
(562) 841-0227
7 in this area
220 Total Sales
-
Seller's Agent in 2023
Steve Leitner
First Team Real Estate
(562) 841-8508
1 in this area
63 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22156988
APN: 8141-025-031
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