NOT LISTED FOR SALE

8921 La Puebla Ave Whittier, CA 90605

Friendly Hills Neighborhood
10 Beds
9 Baths
5,282 Sq Ft
8,553 Sq Ft Lot

Last Sold November 05, 2020

Last sale price $1,900,000 $360 Per Sq Ft

65 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Lawn
  • Ocean View Elementary School Rated A-
  • Main Floor Primary Bedroom
  • No HOA

About This Home

As of November 2020

LOCATION, LOCATION, LOCATION! Don’t miss – rare opportunity, 1st time on the market in over 40 years! Property borders the upscale residential neighborhood of Friendly Hills, located north of Whittier Blvd. This 9 unit building has an excellent unit mix of 2 two bedroom units, 6 one bedroom units, and 1 studio unit. Low maintenance building. Super easy to rent. Super low vacancy. Walking distance to Ralph’s, Trader Joe’s, Starbucks, and much more! Many very long-term, high quality tenants with rents below market, gives a large potential for upside in rents – see proforma numbers. The all electric units are separately metered and each has its own water heater, carport with storage, window A/C unit, and refrigerator. There is also ample street parking. Money-making coin laundry on site. No rent control other than the statewide one.

Last Agent to Sell the Property

Thomas C. Santoro

Crane Real Estate License #00794403 Listed on: 07/08/2020

Co-Listed By

Nathan Allen

Crane Real Estate License #01874648

Last Buyer's Agent

Eddie Flores

HOPE REALTY WHITTIER License #01265185

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 8,553 Sq Ft Lot
  • Lot Dimensions are 64.5x130
  • No Common Walls
  • East Facing Home
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Lawn

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 5,282 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Primary Bedroom on Main
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Dryer
  • Washer

Parking

  • 9 Car Garage
  • 9 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Shared Driveway
  • Driveway Level
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Overhead Utilities
  • Electric Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Legal Lot and Block 8 / 5
  • Tax Tract Number 159
  • Assessor Parcel Number 8149003001

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,236
  • Gardener Expense $720
  • Insurance Expense $5,694
  • Maintenance Expense $6,874
  • Trash Expense $2,090
  • Water Sewer Expense $2,306
  • New Taxes Expense $26,581
  • Operating Expense $45,762
  • Gross Income $2,400
  • Net Operating Income $80,903

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.76
  • Inclusions: 9 Refrigerators, 9 window AC units, and 1 coin operated washer and dryer
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2306.00
  • Zoning: WHR4*
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8149003001
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 359.71
  • Room Type: Kitchen, Living Room, Main Floor Master Bedroom
  • Window Features: Blinds

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Carport, Driveway, Asphalt, Driveway Level, Shared Driveway
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Cooktop, Electric Water Heater, Disposal, Range Hood, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Electric
  • Laundry Features: Community, Dryer Included, In Carport, Washer Hookup, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 2090.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Utilities - Overhead
  • Lot Size: 64.5x130
  • Lot Size Sq Ft: 8553.00
  • Lot Size Acres: 0.1963
  • Latitude Manual: 33.95033600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Average1 Bed Area: 548 Square Feet
  • Average2 Bed Area: 792 Square Feet
  • Average Studio Area: 408 Square Feet
  • Electric Expense: 1236.00
  • Gross Income: 2400.00
  • Gross Multiplier: 16.81
  • Gross Operating Income: 126665.00
  • Gross Scheduled Income: 127920.00
  • Gross Spendable Income: 126665.00
  • Insurance Expense: 5694.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 8553.0000 Square Feet
  • Maintenance Expense: 6874.00
  • Net Operating Income: 80903.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Number Wall A C: 9
  • Number With Carpet: 9
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Operating Expense: 45762.00
  • Operating Expense Percent: 35.77
  • Rent Control: Yes
  • Total Expenses: 45762.00
  • Vacancy Allowance: 1255
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 26581.00
  • Tax Area: 03561
  • Tax Block: 5
  • Tax Census Tract: 5002.02
  • Tax Lot: 8
  • Tax Tract Number: 159

Range of Values:

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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
11/05/2020 11/05/20 Sold $1,900,000 -11.6% $360 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $2,150,000 -- $407 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thomas C. Santoro

    Seller's Agent in 2020

    Thomas C. Santoro

    Crane Real Estate

    (714) 457-3436

    1 in this area

    86 Total Sales

    Section Image
  • Nathan Allen

    Seller Co-Listing Agent in 2020

    Nathan Allen

    Crane Real Estate

    (714) 871-8100

    1 in this area

    74 Total Sales

    Section Image

  • E

    Buyer's Agent in 2020

    Eddie Flores

    HOPE REALTY WHITTIER

    (323) 216-6127

    1 in this area

    7 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20127942

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Whittier 90605 Friendly Hills

8921 La Puebla Ave, Whittier, CA

This home is located at 8921 La Puebla Ave, Whittier, CA 90605 since 08 July 2020. This property was built in 1959. 8921 La Puebla Ave is a home located in Los Angeles County with nearby schools including Ocean View Elementary School, East Whittier Middle School, and La Serna High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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