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Teresa Arana
Teresa Arana
Re Max Innovate
Bellflower, CA 90706

562-569-1499
Contact Me

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Listing 1 out of 308
Sold for $1,965,000 Sold

10729 Shire Place
Whittier, CA 90601

7 units | Multi Family Home
10733 sq ft - MLS# 18363374
Property Photo

Sold

Sold for $1,965,000 on Oct 5, 2018

Description

We are offering an opportunity to own 7 spacious apartments with stable and growing rents, close to shopping centers, transportation hubs, and freeways in Whittier. The Shire Place Apartments are located on a cul-de-sac and consist of (4) 1 bed, 1 bath units, (2) 2 bed, 1 bath units, and a very large 2 bed (1 bed permitted), 2 bath custom owner's unit. The building was completely renovated in 2005 and a new roof was put on in 2014. Whittier College and Rio Hondo Community College proximity make this a great student housing opportunity. Costs are low and rents are low with upside value opportunity. Rents can be brought up to market now to add an additional $10,000 annual income. Units 3 and 4 are the only two on a year lease until March 2019. All other units are month to month.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,995,000
  • Zip Code: 90601
  • Year Built: 1959
  • Units: 7 units
  • Lot Size: 10733 sq ft
  • Zoning: WHR4*
  • Area: 678 - N. Whittier
  • Appliances: Garbage Disposal, Refrigerator, Dishwasher
  • Appliances YN: Yes
  • Association Amenities: Other
  • Association YN: Yes
  • Building Area Total: 6766.00
  • Directions: Norwalk and Shire Place
  • Garage Income: 200.00
  • Gross Multiplier: 17.00
  • Gross Operating Income: 120000.00
  • Improvements Amount: 122385
  • Insurance Expense: 2782.00
  • Land Value: 46363
  • Laundry Features: Washer Included, Dryer Included
  • Laundry YN: Yes
  • Listing Agent License: 01489577
  • Listing Office License: 01489577
  • Lot Dimensions: 62x171
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CL
  • Maintenance Expense: 2820.00
  • Net Operating Income: 70583.00
  • Number Of Buildings: 1
  • Parking Features: Built-In Storage, Garage - Two Door
  • Parking YN: Yes
  • Room Type: Utility Room
  • Security Features: Gated Community, Smoke Detector
  • Selling Agent: Silvia Vich
  • Selling Agent License: 01959341
  • Selling Office: New Haven Investments
  • Stories Total: 2
  • Total Expenses: 49417.00
  • Water Sewer Expense: 6756.00
  • Sold Price: 1965000.00
  • Sold Date: 2018-10-05 00:00:00
Courtesy of Shape, Ryan Law



Teresa Arana | 562-569-1499 | Contact Me
16536 Bellflower Blvd - Bellflower, CA 90706
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