NOT LISTED FOR SALE

Estimated Value: $904,859

3 Beds
3 Baths
3,005 Sq Ft
$301/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2016

Last sale price $795,000 $265 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,959 / mo

49 Days on Market

Highlights

  • Wood Flooring
  • Accessible Parking
  • Guest Parking
  • No HOA

About This Home

As of July 2016

The Subject Property consists of two retail tenants located at 8635 & 8637 Greenleaf Avenue as well as a detached 3-bedroom 1-bathroom single family residence located on the same parcel with the address of 12942 Wilshire Drive in Whittier, California. The total lot size includes approximately 8,602 square feet of land and near 3,005 square feet of building. The property has been extensively renovated with permits and even the parking lot has been recently repaved and restriped with over 8-parking spaces. The single family residence is leased on a month to month basis and the two retail tenants are leased to a Zumba fitness gym and the other to the Greater Long Beach Autism Society. All together the property generates nearly $5,000 per month. With a purchase price of $799,000 this asset presents a unique opportunity to own a completely remodeled asset with the luxury of parking, wide street exposure, high end curb appeal and a single family residence for added income.

Last Agent to Sell the Property

Kirk Garabedian

Keller Williams R. E. Services License #01216376 Listed on: 05/02/2016

Keller Williams R. E. Services

Last Buyer's Agent

Robert Huang

DYNASTY REAL ESTATE License #01887827

DYNASTY REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,200

Lot Details

  • 8,602 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 3 Bedrooms
  • 3,005 Sq Ft Home
  • Wood Flooring

Parking

  • 8 Parking Spaces
  • Parking Available
  • Guest Parking
  • Parking Lot

Accessible Home Design

  • Accessible Parking

Listing and Financial Details

  • Assessor Parcel Number 8165018011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Not Applicable 105 Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,350
  • Maintenance Expense $1,200
  • Water Sewer Expense $1,800
  • Operating Expense $15,750
  • Gross Income $59,400
  • Net Operating Income $43,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,200

Lot Details

8,602 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 5.14
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: C2
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8165018011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 264.56

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Guest, Parking Space
  • Total Parking Spaces: 8.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8602.00
  • Lot Size Acres: 0.1975

Multi Family

  • Gross Multiplier: 14.30
  • Gross Operating Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 1350.00
  • Lot Size Area: 8602.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 43650.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1312.00
  • Operating Expense Percent: 27.00
  • Total Actual Rent: 59400.00
  • Total Expenses: 15750.00

Tax Info

  • Tax Annual Amount: 10200.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2026
Sold by
Bought by
Current Estimated Value
$904,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
0.0615%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2022
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
0.0416%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 2, 2016
Closed on
Jul 11, 2016
Sold by
Bought by
Seller's Agent
Kirk Garabedian
Keller Williams R. E. Services
Buyer's Agent
Robert Huang
DYNASTY REAL ESTATE
List Price
$799,000
Sold Price
$795,000
Premium/Discount to List
-$4,000
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%

Purchase Details

Closed on
Apr 15, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
0.0483%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 15, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- --
$850,000 First American Title Company O
$790,000 Title 365 Company
-- Western Resources Title Comm
-- First American Title Co
$410,000 First American Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $665,000
Previous Owner $800,000
Previous Owner $410,000
Previous Owner $460,000
Previous Owner $295,000
Previous Owner $130,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/15/2016 07/15/16 Sold $795,000 -0.5% $265 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $799,000 -- $266 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,878 $924,915 $601,351 $323,564
2024 $12,833 $906,780 $589,560 $317,220
2023 $12,378 $867,000 $571,200 $295,800
2022 $12,393 $863,978 $524,949 $339,029
2021 $12,042 $847,038 $514,656 $332,382
2020 $11,787 $838,353 $509,379 $328,974
2019 $11,652 $821,916 $499,392 $322,524
2018 $11,310 $805,800 $489,600 $316,200
2016 $7,526 $492,421 $300,258 $192,163
2015 $7,439 $485,025 $295,748 $189,277
2014 $7,324 $475,525 $289,955 $185,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 316003970

California Regional Multiple Listing Service (CRMLS)

APN: 8165-018-011

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