7312 Newlin Avenue, Whittier, CA 90602
Property · 3 recorded sales since 2014
Sold January 2021
Listing Agent: Sheng Wang (DRE #01772547) · Listing Office: Century 21 Care · Contact: 909-861-2800 · Bought with: MAY CHIU · RICHTOWN REALTY · MLS #TR20181383 · Source: CRMLS
About this property
*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*
Listing description from the January 2021 sale, as reported to CRMLS.
Sale history
