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Sold for $4,400,000 on 04/02/24
  • Listing Provided by: 

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    Bought with: RE/MAX 2000 REALTY
    $4,400,000

    7346 Bright Ave, Whittier, CA 90602

    35beds
    19baths
    12,991sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $4,376,100 Zestimate®
    $339/sqft
    $2,365 Estimated rent

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    $2,365/mo

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    $2,365/mo

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    $27,266/mo

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    $27,266/mo

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    What's special

    16 Units "Uptown" Whittier with Private Seller Financing Available! We are pleased to exclusively offer for sale a premier multi-family residential investment opportunity nestled in the desirable uptown Whittier area. The subject property offers a desirable unit mix consisting of: 2 (3 Bedroom/2 Bathroom) units, 14 (2-Bedroom/1-Bathroom) units, and a 1 Bedroom/1 Bathroom non-conforming unit, totaling 12,991 rental square feet on a 13,975 square foot lot. The property boasts copper plumbing throughout and a newer central water heater enhanced by a solar power system, reflecting the seller's commitment to efficiency. Tenants enjoy an array of amenities designed for comfort and convenience including; an onsite laundry facility, covered tuck-under parking, and select units feature a cozy fireplace, adding a touch of warmth to the living space. Each unit is individually metered for electricity & gas, while the owner pays for water and trash. Located within walking distance to a vibrant selection of shops, eateries, and the public library, this property offers an urban lifestyle with the charm of a close-knit community. Given the longevity of ownership, the rental rates have been kept modest for the location allowing for a 35% upside in rental income, with most units poised for an annual rental increase currently. Investors will be particularly interested in the attractive Private Seller Financing that is offered with the following terms: 35% Down Payment, 6.5% Interest-Only Payments, Due in 10 Years.

    Zillow last checked: 8 hours ago

    Listing updated: April 02, 2024 at 11:02am

    Listing Provided by:

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    Bought with:

    Kristopher German, DRE #01800021

    RE/MAX 2000 REALTY

    Source: CRMLS,MLS#: CV24044018MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 35
    • Bathrooms: 19
    Appliances
    • Laundry: Common Area, Inside
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 12,991
    • Total interior livable area: 12,991 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Carport
    • Carport spaces: 16
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.32 Acres
    • Features: 16-20 Units/Acre
    Details
    • Parcel number: 8141010027
    • Zoning: WHR3*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    Green energy
    • Energy generation: Solar

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: Whittier

    HOA & financial

    Other financial information
    • Total actual rent: 25290

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Owner Will Carry
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    Estimated market value
    $4,376,100