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Whittier, CA 90602 7608 Painter Avenue

$985,000

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Presented By: Lisa Oliveras with RE/MAX Estate Properties; lisa.ramsey@southbayspecialists.com
  • MLS# PV24008460
  • 01/22/2024
  • Request Tour
  • Request Info
  • BedBeds • 3
  • BathBaths • 2
  • FootageSQFT • 1,612
  • GarageGarage • 2

Home Details

A rare and incredible investment opportunity! Ability to purchase (2) houses together and located less than 1 mile from the Uptown Whittier, Farmer Market, College, and Whittier Museum. These beautiful homes are near shopping, dining, and FWY (605). Gorgeous front house with (2) bedrooms, (1) bathroom, and back house with (1) bedroom, (1) bathroom with fireplace. The front house was recently remodeled with newer kitchen cabinets and tile, hardwood flooring, a modern quartz countertop, a newly renovated bathroom with tile, and new appliances, including a new refrigerator, stove, and water heater. Each unit has a separate laundry room equipped with a washer & dryer, new interior & exterior paint, and a detached garage, front, and backyard patio for family entertainment. The property contains a large lot with lots of potential, and the zoning allows for mixed-use commercial/residential setups. This is an excellent property for investing and potentially adding an ADU in a location with rents quickly rising and appreciating.
Presented By: Lisa Oliveras with RE/MAX Estate Properties; lisa.ramsey@southbayspecialists.com

Interior Features for 7608 Painter Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesElectric, Gas, GreatRoom, Kitchen, LivingRoom
Fireplace Y/NYes
FlooringLaminate, Tile
Heating Y/NNo
Laundry FeaturesWasherHookup, Inside
Street SuffixAvenue
Total Stories1
Window FeaturesScreens

Other Rooms

Entry Level1

General for 7608 Painter Avenue

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, FreeStandingRange, Disposal, GasRange, GasWaterHeater, Refrigerator, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.04
Carport Y/NNo
CityWhittier
Community FeaturesSidewalks
Construction MaterialsWoodSiding
ContingencyThe buyer is to cooperate with the seller`s 1031 exchange at no additional cost to the buyer.
CoolingWallWindowUnits
CountyLos Angeles
Current FinancingConventional
Days on Market
DirectionsPainter Ave and South of Mar Vista St
DisclosuresHomeWarranty
ElectricStandard
Entry LocationFront
Garage Spaces2.0
Garage Y/NYes
Gross Income55212.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1500.0
Interior FeaturesBalcony, RecessedLighting, Unfurnished, AllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional, Item1031Exchange
Lot Size Square Feet8339.0
MLS Area670 - Whittier
MobileHomeRemainsYNNo
Net Operating Income39830.0
New ConstructionNo
Number of Units Leased2
Open Parking Spaces4.0
Operating Expense15382.0
Other StructuresTwoOnALot
Pool FeaturesNone
PossessionCloseOfEscrow, SeeRemarks
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NamePainter
Tax Lot3
Taxes$11,081
Tenant PaysAllUtilities, CableTV, Electricity, Gas
Total Actual Rent4601.0
Total Units2
Trash Expense695.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense1386.0
Waterfront Y/NNo
Year Built1912
Year Built SourceAssessor
ZoningWHCO*

Exterior for 7608 Painter Avenue

Building Area Total1612.0
Crops Included Y/NNo
Door FeaturesPanelDoors
FencingBlock, Wood
Foundation DetailsPillarPostPier, Raised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard, Lawn
Lot Size Acres0.1914
Lot Size Area8339.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete, DoorMulti, Driveway, Garage, GarageFacesRear
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $985,000
MLS#PV24008460
List Date 01/22/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors