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7346 Bright Avenue, Whittier, CA 90602
$4,400,000
7346 Bright Avenue, Whittier, CA 90602View this property at 7346 Bright Avenue, Whittier, CA 90602
7346 Bright AvenueWhittierCA90602
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Property Description
16 Units "Uptown" Whittier with Private Seller Financing Available! We are pleased to exclusively offer for sale a premier multi-family residential investment opportunity nestled in the desirable uptown Whittier area. The subject property offers a desirable unit mix consisting of: 2 (3 Bedroom/2 Bathroom) units, 14 (2-Bedroom/1-Bathroom) units, and a 1 Bedroom/1 Bathroom non-conforming unit, totaling 12,991 rental square feet on a 13,975 square foot lot.
The property boasts copper plumbing throughout and a newer central water heater enhanced by a solar power system, reflecting the seller's commitment to efficiency. Tenants enjoy an array of amenities designed for comfort and convenience including; an onsite laundry facility, covered tuck-under parking, and select units feature a cozy fireplace, adding a touch of warmth to the living space.
Each unit is individually metered for electricity & gas, while the owner pays for water and trash. Located within walking distance to a vibrant selection of shops, eateries, and the public library, this property offers an urban lifestyle with the charm of a close-knit community. Given the longevity of ownership, the rental rates have been kept modest for the location allowing for a 35% upside in rental income, with most units poised for an annual rental increase currently.
Investors will be particularly interested in the attractive Private Seller Financing that is offered with the following terms: 35% Down Payment, 6.5% Interest-Only Payments, Due in 10 Years.
Full Property Details
Full Property Details for 7346 Bright Ave
General
- Sold For: $4,400,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV24044018
- Added to Site: 78 day(s) ago
Rooms
Other Rooms
- Laundry: Community, Inside
Additional Information
- Pool Description: None
Location
- Area: 678 - N. Whittier
- County: Los Angeles
- Development Name: 678 - N. Whittier
- Driving Directions: East of I-605, South of CA-60; Near the Intersection of Mar Vista St & Bright Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 17
- # Electric Meters: 17
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 12,991
- Year Built: 1964
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 9
- Number of Units: 5
- Total Bathrooms: 1
- Bedrooms: 2
Unit 10
- Total Bathrooms: 1
- Bedrooms: 2
Unit 11
- Total Bathrooms: 1
- Bedrooms: 2
Unit 12
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.3208
- Lot Size Source: Assessor
- Zoning: WHR3*
- Lot Description: 16-20 Units/Acre, Lot 10000-19999 Sqft
Green Features
- Energy Generation: Solar
Financial Considerations
- Price Per Sq. Ft.: $338.7
- Price Per Unit: 244118
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Re/Max 2000 Realty, Kristopher German
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Schools
Schools serving 7346 Bright Ave
School Districts:Whittier Union High School District, Whittier City Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
6302 Alta Ave, Whittier, CA 90601 | K-5 | 0.8 mi | |
11532 Floral Dr, Whittier, CA 90601 | 6-8 | 1.6 mi | |
12417 Philadelphia St, Whittier, CA 90601 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7346 Bright Ave
Date
Details
Price
Change
Source
4/02/2024
Sold
$4,400,000
6.02%
MLS
3/04/2024
Listed
$4,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7346 Bright Avenue, Whittier, CA 90602 (MLS# CV24044018) is a Multi-Family property that was sold at $4,400,000 on April 02, 2024. Want to learn more about 7346 Bright Avenue? Do you have questions about finding other Multi-Family real estate for sale in Whittier? You can browse all Whittier real estate or contact a Coldwell Banker agent to request more information.