NOT LISTED FOR SALE

Estimated Value: $900,000 - $1,175,000

6 Beds
3 Baths
6,176 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2015

Last sale price $1,655,000 $268 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $6,212 / mo

49 Days on Market

Highlights

  • 53,220 Sq Ft lot
  • 14 Car Garage
  • 1-Story Property
  • Built-In Features

About This Home

As of September 2015

The subject property consists of 7 detached single family homes situated on a 53,220 square foot flat, rectangular, site. The property is located in unincorporated Los Angeles County territory and carries a City of Whittier address. The houses were built between 1949 and 1955. The property is individually metered for gas & electricity. The property is exempt from rent control with below market rents and substantial rent upside. This is a value-add investment opportunity. Moreover, at 53,220 square feet, the site offers a tremendous redevelopment opportunity (buyer to check with the County of Los Angeles and the City of Whittier regarding potential redevelopment and permitted density and uses). Please do not contact tenants or on-site property manager. Contact listing agent for additional information. Property Address: 7033,7037,7039,7043,7045 Norwalk Boulevard, Whittier, CA Property APN: 8176-003-026 & 030, AND 8176-004-001004-001

Last Agent to Sell the Property

Juan Cardenas

Remax Commercial and Investment Realty License #01233927 Listed on: 03/30/2015

Last Buyer's Agent

CHING LOUIE

LOUIE PROPERTIES License #00938644

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 1.22

Parking

  • 14 Car Garage

Interior Spaces

  • 6,176 Sq Ft Home
  • 1-Story Property
  • Built-In Features

Additional Features

  • 1.22 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Buildings
  • 7 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

1.22 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 6176
  • Stories: 1
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Built-Ins
  • Price Per S Q F T: 283.35

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 14

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Geocode Override: No
  • Lot Size Area: 53220

Rental Info

  • Total Actual Rent: 105960.00
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.50
  • Number Of Units: 7
  • Rent Control: No
  • Type Of Units: SFRs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2021
Sold by
Salazar Pedro and Salazar Maria G
Bought by
Salazar Family Revocable Living Trust and Salazar
Current Estimated Value
$1,034,667

Purchase Details

Listed on
Mar 30, 2015
Closed on
Aug 7, 2015
Sold by
Miclea Shana K and Kandilian Michelle
Bought by
The Rattanavipapong Family Trust
Seller's Agent
Juan Cardenas
Remax Commercial and Investment Realty
Buyer's Agent
CHING LOUIE
LOUIE PROPERTIES
List Price
$1,750,000
Sold Price
$1,655,000
Premium/Discount to List
-$95,000
-5.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.30%
Original Mortgage
$655,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2015
Sold by
Miclea Shana K and Kandilian Shana
Bought by
Miclea Shana K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2015
Sold by
Kandilian Marsha Rose
Bought by
Kandilian Rouben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2012
Sold by
Kandilian Rouben
Bought by
Kandilian Shana and Kandilian Michelle

Purchase Details

Closed on
May 29, 2012
Sold by
Kandilian Rouben and Kandilian Survivors Trust
Bought by
Kandilian Rouben

Purchase Details

Closed on
Nov 26, 2007
Sold by
Kandilian Rouben and The Mike & Assia Kandilian Fam
Bought by
Kandilian Rouben and Mike & Assia Kandilian Family

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1998
Sold by
Kandilian Mike and Kandilian Assia
Bought by
Kandilian Mike and Kandilian Assia
Source: Public Records
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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
Salazar Family Revocable Living Trust -- None Listed On Document
The Rattanavipapong Family Trust $1,655,000 Chicago Title
Miclea Shana K -- None Available
Kandilian Rouben -- None Available
Miclea Shana K -- None Available
Kandilian Shana -- None Available
Kandilian Rouben -- None Available
Kandilian Rouben -- Stewart Title
Kandilian Mike -- --
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
Previous Owner The Rattanavipapong Family Trust $655,000
Previous Owner Miclea Shana K $1,040,000
Previous Owner Kandilian Rouben $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2015 09/15/15 Sold $1,655,000 -5.4% $268 / Sq Ft
05/18/2015 05/18/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $1,750,000 -- $283 / Sq Ft
Source: The MLS

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 $8,330 $619,829 $339,746 $280,083
2024 $8,330 $607,677 $333,085 $274,592
2023 $7,931 $595,762 $326,554 $269,208
2022 $7,778 $584,081 $320,151 $263,930
2021 $7,620 $572,629 $313,874 $258,755
2020 $7,561 $566,758 $310,656 $256,102
2019 $7,493 $555,646 $304,565 $251,081
2018 $7,234 $544,752 $298,594 $246,158
2016 $6,951 $523,600 $287,000 $236,600
2015 $1,849 $80,125 $29,352 $50,773
2014 $1,844 $78,557 $28,778 $49,779
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 15-891533

The MLS

APN: 8176-003-026

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