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Whittier, CA 90602 7306 Newlin Avenue 4

$1,200,000

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Presented By: Lisa Oliveras with RE/MAX Estate Properties; lisa.ramsey@southbayspecialists.com
  • MLS# PV23026219
  • 02/24/2023
  • Request Tour
  • Request Info
  • BedBeds • 5
  • BathBaths • 4
  • FootageSQFT • 2,494

Home Details

Whether you're on the hunt for a comfortable home or a quality investment in a highly desirable Whittier location, this incredible multi-family abode might just be what you're looking for! Take advantage of the opportunity to live in one and lease the others or enjoy steady rental income from full occupancy. Several updates enhance the appeal of this 4-unit complex, including a newer roof and a recently painted exterior accentuated by black accents. Through the ornate gated entry, discover a quaint landscaped courtyard maintained by a brand-new sprinkler system. As a bonus, two residences have gorgeously remodeled baths while one was extensively updated from top to bottom. All have covered rear patios for leisurely afternoons of outdoor relaxation. For your convenience, the rear and front units have separate addresses, plus there are 4 assigned parking spots in the back. Set on a tree-lined street with close proximity to Whittier College and medical facilities, not to mention the many shopping, dining, and entertainment options nearby, it's sure to attract prospective renters. Ready to explore this exciting chance to expand your real estate portfolio? Discover everything the rare gem has to offer by coming for a tour before it's gone for good!
Presented By: Lisa Oliveras with RE/MAX Estate Properties; lisa.ramsey@southbayspecialists.com

Interior Features for 7306 Newlin Avenue 4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Laundry FeaturesWasherHookup, Inside, InKitchen
Street SuffixAvenue
Total Stories1
Window FeaturesBlinds, Screens

General for 7306 Newlin Avenue 4

Additional Parcels Y/NNo
AppliancesVentedExhaustFan, WaterHeater
Architectural StyleBungalow
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.0
Carport Y/NNo
CityWhittier
Community FeaturesSidewalks
Construction MaterialsStucco
ContingencyBuyer to cooperate with seller`s 1031 exchange at no additional cost to the buyer. Contingent on the seller finding their upleg property and closing both concurrently.
CoolingNone
CountyLos Angeles
Current FinancingConventional
Days on Market99
DirectionsPenn Street and Newling Ave
ElectricStandard
Electric Expense0.0
Exterior FeaturesRainGutters
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2500.0
Interior FeaturesCeilingFans, AllBedroomsUp
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoExistingLoan, Conventional, Item1031Exchange, SubjectToOther
Lot Size Square Feet7000.0
MLS Area670 - Whittier
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income59737.0
New ConstructionNo
Number of Units Leased4
Open Parking Spaces4.0
Operating Expense17603.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Street NameNewlin
Tax Lot23
Taxes$11,189
Tenant PaysCableTV, Gas
Total Actual Rent6445.0
Total Units4
Trash Expense1176.0
Unit Number4
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense2040.0
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
ZoningWHR4*

Exterior for 7306 Newlin Avenue 4

Building Area Total2494.0
Crops Included Y/NNo
FencingBlock, WroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, Lawn, SprinklerSystem
Lot Size Acres0.1607
Lot Size Area7000.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAsphalt, Public, Private, OneSpace, Uncovered
Pool Charge0.0
Road Frontage TypeAlley, CityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,200,000
MLS#PV23026219
List Date 02/24/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors