$1,000,000
$980,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
7906 Painter AVE Whittier, CA 90602
7,840 Sqft Lot
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV21025950
Sold Date 04/06/21
HOA Y/N No
Year Built 1948
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Wow, 5 cap plus cash flowing property in HOT East LA County market for a 4-plex !!, Prime uptown Whittier location, huge lot, 4 bungalow units all with enclosed garages and 4 car ports. Total of 8 parking spaces... Rents are way below market, Unit 1 is 1/1 rents for $1320, market is $1550, has front yard and back door and patio, garage and car port. Unit 2 is 1/1, rents for $1425, market is $1550, has back door and patio, garage and car port. Unit 3 is 2/1, rents for $1750, market is $1800, has a very large side yard and back door and patio, garage and car port. Unit 4 is 2/1, rents for $1635, market is $1800, has a very large balcony, garage and car port. Shared Laundry. With 5 cap plus and with today's super low interest rates start achieving tremendous cash flow. Easy to manage. Market GRM is 12.1 !! Market Cap 5.6 !!
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning WHC0*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights
Total Parking Spaces 4
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8142013040
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML