NOT LISTED FOR SALE

Estimated Value: $2,031,327

0.76 Acre
$2,674,206 Price per Acre
33,090 Sq Ft Lot

Sale Details

Date Sold: August 5, 2022

Last sale price $1,775,000

Est. 14% increase in value since last sale

Current estimated payment $12,978 / mo

38 Days on Market

Highlights

  • 0.76 Acre Lot
  • No HOA
  • Paved or Partially Paved Lot

About This Lot

As of August 2022

The subject property is a ±33,088 SF parcel of land located at 8825 Calmada Avenue in the city of Whittier. The site is improved with a single-story warehouse of 9,064 SF that was built in 1950.

Zoning for this property is defined in the Whittier Blvd Specific Plan and this site has a zoning designation of Center District. In general, Center District zoning provides opportunities for the redevelopment of underutilized commercial properties by allowing more compact mixed-use developments. Allowable uses within the Center District include residential uses other than detached SFRs, day care/residential care facilities, and a wide range of commercial and service uses among other various uses. Center District zoning does not allow for any industrial uses.

In regard to the General Plan, the Whittier City Council formally adopted the new 2021-2040 Envision Whittier General Plan and 2021-2029 Housing Element on October 12, 2021. The city has forwarded their 2021-2029 Housing Element to the State’s Department of Housing and Community Development (HCD) for finalization which will be pending until the document is certified by HCD. Within this updated Housing Element, the city identifies the subject property in their “RHNA Sites Inventory” with a proposed zone change to MU-1 (with a residential density of between 20-30 dwelling units/acre).

Density of 30 du/acre would yield a unit count of 22 units on the subject property, independent of any bonus densities allowed. The subject property is located in southern Whittier one block south of Whittier Blvd. which is a busy commercial arterial through the city. Directly to the north of the subject property is a brand new 5,920 square foot retail center (under construction) and directly to the south of the site is the Whittier Seventh Day Adventist Church. The neighborhood to the south and to the west of the property is composed almost entirely of well maintained, detached single-family homes.

As with most of Los Angeles County, the city of Whittier is largely built out and the development market is extremely supply-restricted. With the overall scarcity of available development sites in the Whittier market, this property should be an attractive opportunity for those developers looking to build a small infill residential or mixed-use project in a desirable Los Angeles County location.

Last Agent to Sell the Property

Matthew Wenzel

Marcus & Millichap License #01198357 Listed on: 06/10/2022

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Property Type

  • Land

Lot Details

  • 33,090 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Property is zoned WHC2*

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 8161020012

Property Details

Property Type

Land

Lot Details

0.76 Acres

Listing Details

  • View: No
  • Zoning: WHC2*
  • Property Type: Land
  • Parcel Number: 8161020012
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 53.64

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 33090.00
  • Lot Size Acres: 0.7596
  • Latitude Manual: 33.95628300

Multi Family

  • Lot Size Area: 33090.0000 Square Feet

Tax Info

  • Tax Census Tract: 5019.00
  • Tax Lot: 5

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

Listed on
Jun 10, 2022
Closed on
Aug 5, 2022
Sold by
Bought by
Seller's Agent
Matthew Wenzel
Marcus & Millichap
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,900,000
Sold Price
$1,775,000
Premium/Discount to List
-$125,000
-6.58%
Current Estimated Value
$2,031,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,327
Avg. Annual Appreciation
3.50%

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jul 29, 2022
Sold by
Bought by
Seller's Agent
Matthew Wenzel
Marcus & Millichap
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,900,000
Sold Price
$1,775,000
Premium/Discount to List
-$125,000
-6.58%

Purchase Details

Closed on
Feb 13, 2019
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 23, 2018
Sold by
Bought by

Purchase Details

Closed on
May 22, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 2001
Sold by
Bought by

Purchase Details

Closed on
Feb 3, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
-- New Title Company Name
$1,775,000 First American Title Company O
-- First American Title
-- None Available
-- None Available
-- None Available
-- None Available
$600,000 First American Title Co
-- --
-- --
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
08/05/2022 08/05/22 Sold $1,775,000 -6.6% --
07/18/2022 07/18/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $1,900,000 -- --
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 $24,841 $1,846,710 $1,815,498 $31,212
2024 $22,693 $1,810,500 $1,779,900 $30,600
2023 $22,283 $1,775,000 $1,745,000 $30,000
2022 $11,975 $851,944 $496,969 $354,975
2021 $11,714 $835,240 $487,225 $348,015
2019 $11,508 $810,469 $472,775 $337,694
2018 $17,336 $1,400,000 $770,000 $630,000
2016 $9,924 $763,725 $445,507 $318,218
2015 $9,859 $752,255 $438,816 $313,439
2014 $9,769 $737,521 $430,221 $307,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22125553

California Regional Multiple Listing Service (CRMLS)

APN: 8161-020-012

Your Personal Tour Guide

Ask me questions while you tour the home.