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10203 Ruoff Ave, Whittier, CA 90604
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10203 Ruoff Ave Whittier, CA 90604

$3,050,000 Sold Price as of 08/30/2024
  • 24 Beds
  • 12 Baths
  • 10,434 Sq.Ft.
Sold
$3,050,000 Sold Price as of 08/30/2024 Refinance Your Mortgage
Map preview of 10203 Ruoff Ave, Whittier, CA 90604

Property Overview: 10203 Ruoff Ave Whittier, CA has 24 bedrooms, 12 bathrooms, 10,434 living square feet and 16,465 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: NEW PRICE! Current 5.6% CAP Rate and a 12.5 GRM! We are proud to exclusively offer for sale this investment opportunity located in the highly sought after rental community of Whittier. This 12 unit residential multi-family investment property is comprised of all LARGE, well-designed 2-bedroom/1-bathroom apartments, spread across 3 separate structures, all of which provide comfortable and spacious living spaces. The property boasts newer copper plumbing throughout, ensuring durability and reduced maintenance concerns. A new roof, installed in 2020, adds to the property's long-term value and appeal. The total rental square footage is an impressive 10,434 sq ft, set on a generous 16,465 sq ft lot, providing ample space for tenants and potential future ADU enhancements (buyer to verify with city authorities.) Each unit is separately metered for electricity and gas, allowing for straightforward utility management and minimizing operating expenses. Tenants benefit from onsite car-port parking, enhancing convenience and desirability. Additionally, while the laundry facility is currently not in use, it offers an added value potential for future activation. Currently priced at a 5.6% CAP Rate and a 12.5 GRM, this property promises a solid return on investment. This is a rare opportunity to acquire a well-maintained, high-demand property in a thriving rental market.

Listed by Kristopher German | BRE #01800021 | RE/MAX 2000 REALTY
Last checked: 15 minutes ago | Last updated: August 30th, 2024 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
16,465
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
CV24118725
City
Whittier
County
Los Angeles
Time on Site
100 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 3
  • # of Leased Units: 11
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,692
  • Total Rent: $1,692
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,678
  • Total Rent: $1,678
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,624
  • Total Rent: $1,624
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,704
  • Total Rent: $1,704
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,686
  • Total Rent: $1,686
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,747
  • Total Rent: $1,747
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,709
  • Total Rent: $1,709
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,624
  • Total Rent: $1,624
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,624
  • Total Rent: $1,624
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $249,996
  • Net Operating Income: $174,986
  • Gross Operating Income: $242,496
  • Vacancy Allowance: $7,500
Annual Expense Breakdown
  • Total Operating Expense: $67,510
  • Electric: $600
  • New Taxes: $34,710
  • Trash: $3,852
  • Insurance: $10,500
  • Maintenance: $9,000
  • Professional Management: $0
  • Water/Sewer: $7,048
  • Other Expenses: $1,800
  • Other Expense Description: Reserves

Property Details for 10203 Ruoff Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside, See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 17
Lot Information
  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 8152007050
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of I-605, South of CA-60; Near the Intersection of Mulberry Dr & Ruoff Ave
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Whittier Agent

Sale History for 10203 Ruoff Ave

Last sold for $3,050,000 on August 30th, 2024

  • August, 2024

  • Aug 30, 2024

    Date

    Sold

    CRMLS: CV24118725

    $3,050,000

    Price

  • Jun 11, 2024

    Date

    Active

    CRMLS: CV24118725

    $3,295,000

    Price

  • January, 2003

  • Jan 29, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,045,000

    Price

  • September, 2000

  • Sep 19, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10203 Ruoff Ave

Assessed Value (2020): $1,384,102
Year Land Value Improved Value Assessed Value
2020 $391,992 $992,110 $1,384,102

Home Value Compared to the Market

This property vs the competition

10203 Ruoff Ave sold on August 30, 2024 for 269.82% higher than the current median sold price for the city of Whittier which is $845,000. The median sold price per/sqft for Whittier is $588 and this home is sold at $299.5 per/sqft which puts the price per square foot 49.06% lower than the current median sale per square foot for the city of Whittier.

About 10203 Ruoff Ave

Detailed summary of property

10203 Ruoff Ave is a apartment that recently sold in Whittier, CA 90604. This apartment offered 24 bedrooms, 12 bathrooms, roughly 10,434 living square feet, and sits on an approximately 16,465 square foot lot. 10203 Ruoff Ave was first listed on ArdentRealEstateGroup.com on June 11, 2024. The homeowner sold the property for $3,050,000. Home in Whittier are selling for a median price of $845,000 and a median price per square foot of $588. Based on Ardent Real Estate Group's Whittier Market Data, this home is sold 269.82% higher than the current median priced home. Local homes that are currently for sale include 4016 E Wilton, 11801 Stuart Dr and 5243 Huntington Dr. While the average home in Whittier, CA is selling in 61 days, 10203 Ruoff Ave has a days on market of 42 days. There are currently 246 homes for sale in the Whittier real estate market and 200 of them are single family homes while 30 of them are condos and 16 are townhomes. For more information on this home for sale at 10203 Ruoff Ave Whittier, CA 90604 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 10203 Ruoff Ave

Public county record property details
Beds
--
Baths
12
Year built
1959
Sq. Ft.
10,434
Lot Size
16,465
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
1,2
APN
8152-007-050

The source for these homes facts are from public records.

90604 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,999
Median List Price/Sq.Ft.
$562
Median Sold Price
$840,000
Median Sold Price/Sq.Ft.
$582
Total Inventory
58
Median Sale to List Price %
101.82%
Avg Days on Market
18
Loan Type
Conventional (55%), FHA (15%), VA (10%), Cash (10%), Other (10%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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