$1,350,000
$1,500,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
7,056 Sqft Lot
SOLD DATE : 03/31/2023
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22260762
Sold Date 03/31/23
HOA Y/N No
Year Built 1946
Lot Size 7,056 Sqft
Property Description
7641 Bright Avenue, a five-unit apartment property in Whittier, California, boasts an excellent rental location in a desirable market; the property is just one block from Greenleaf Avenue, home to Whittier’s dining, retail and entertainment district, one block to Friends Park and Whittier’s Civic Center, and a half-mile to Whittier College.
7641 Bright Avenue consists of a single-story two-bed/one-bath house and a two-story fourplex with all one-bed/one-bath units. The units are separately metered for gas and electricity. The property is gated behind the fourplex and features six surface parking spots and shared laundry facilities.
Current rents offer a new investor 58 percent potential upside, making this offering a great value-add opportunity in an excellent rental location.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning WHR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8141012010
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Prashant Sampat • Pacific Avenue Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States