$1,700,000
$1,780,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 01/20/2021
Key Details
Sold Price $1,700,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR20181383
Sold Date 01/20/21
HOA Y/N No
Year Built 1973
Lot Size 6,969 Sqft
Property Description
*Great Location in the City of Whittier. The Two-Story 6 Units Well Maintained Apartment Building in An Excellent and High Demand Rental Desirable Neighborhood with Low Vacancy Rate in the City of Whittier (Next to Hacienda Heights , La Habra , Pico Rivera .) Close to Whittier City College . Building Inside Total 5,353 Sq.ft. New Paint on the Building. Newer Windows and Most of the Units have been Renovated. Four Units are All Two Bedrooms with One Bath at Monthly Rent $1,575 to $ 1,675. One Unit is Two Bedrooms with Two Baths at Monthly Rent $1,900, One Unit is One Bedroom with One Bath and Balcony at Monthly Rent $1,595. Individually Laundry Room. Tenants pay for Their Own Gas & Electricity Bills Thru the Individual Meters. Annual Gross Income Approx. $ 121,140, Annual Expense $ 35,591 which includes Property Tax, Insurance , Gardener, Electricity in Common Area, Water, Trash and Management Fee. Annual Net Operating Income Approx. $85,549. Cap Rate: 4.81 % with Current Property Tax Rate. Performa Annual Rental Income will be $130,140. Separate On-Site Washer or Dryer. 6 Cars Garages Parking Spaces in the Back of the Building. Close to Freeway 605 and 60, Shopping Centers , Restaurants & Parks. Tenants with a "Month-To-Month" Lease Which Provides An Investor the Opportunity to Adjust the Rent in the future. Great investment opportunity For The Investor to Keep as a Long Term Investment. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*
Location
State CA
County Los Angeles
Area 670 - Whittier
Interior
Fireplace No
Laundry Laundry Room
Exterior
Garage None
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Suburban
Total Parking Spaces 6
Private Pool No
Building
Lot Description Flag Lot
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8141006024
Energy Description 1618.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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