7714 Newlin Avenue, Whittier, CA 90602

$4,250,000
Sold Price
$4,250,000
List Price
$4,200,000
Closing Date
Apr 18, 2022
Status
CLOSED
MLS#
PW22019889
Year Built
1974
Lot Size
14,095
Acres
0.32
Days on Market
76
Property Type
Multifamily
Stories
Two Levels

Property Description

7714 Newlin Ave has an ideal Whittier location, positioned in a predominately residential area of the city yet just moments away from lively Uptown Whittier. Additionally, the property is adjacent to Whittier College, a world-class private college. This well maintained 14 unit 2 story apartment building has many long term tenants. It consists of (8) two bedrooms 1 bath, (2) one bedroom 1 bath, (2) studio & (2) three bedroom 2 bath units. Units offer carpet, and vinyl flooring, gas stoves, ceiling fans. Select units have been upgraded with new kitchen cabinets, bathroom vanities, stone countertops & vinyl plank flooring. Laundry is easily accessible with 2 separate laundry rooms. Tenant parking includes 12 single car tuck-under carports, 6 garages, 2 open parking spots. Property is gated with secured entry and parking. Sale of this property subject to sellers finding replacement property for a 1031 tax exchange. PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS.

Additional Information

Appliances
Disposal, Gas Oven, Gas Range, Microwave
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Drywall
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
14
Gross Scheduled Income
$263,000
Operating Expense
50000

Listing courtesy of Listing Agent: Mary Kasenberg (kc.cb@att.net) from Listing Office: Coldwell Banker Realty.

Listing sold by Rick Applebaum from Morgan Skenderian

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.