Whittier, CA 90602,7312 Newlin AVE
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Whittier, CA 90602,7312 Newlin AVE
Whittier, CA 90602,7312 Newlin AVE
Whittier, CA 90602,7312 Newlin AVE
Whittier, CA 90602,7312 Newlin AVE

$1,700,000

Est. payment /mo

$1,780,000

4.5%
Est.Price: ?

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7312 Newlin AVE Whittier, CA 90602

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

Acres 0.16

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

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Fireplace No

Laundry Laundry Room

Exterior

Garage None

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Suburban

Parking Type None

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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California Regional MLS (CRMLS)
Listed by Sheng Wang • Century 21 Care
Bought with MAY CHIU • RICHTOWN REALTY

Anna Taylor

Agent | License ID: 02115281

+1(562) 275-1710

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