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13425 Mulberry Dr, Whittier, CA 90605
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13425 Mulberry Dr Whittier, CA 90605

$4,335,000 Sold Price as of 05/17/2022
  • 25 Beds
  • 17 Baths
  • 11,664 Sq.Ft.
Sold
$4,335,000 Sold Price as of 05/17/2022 Refinance Your Mortgage
Map preview of 13425 Mulberry Dr, Whittier, CA 90605

Property Overview: 13425 Mulberry Dr Whittier, CA has 25 bedrooms, 17 bathrooms, 11,664 living square feet and 16,942 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Built in 1963 the subject property consists of (9) one bedroom/one bath units and (8) two bedroom/one bath units. Property amenities include an onsite laundry facility, carports, and wall A/C. All of the units are individually metered for electricity and gas. Carport roofs and second story walkway decking were recently replaced. Units 1, 4 and 11 will be delivered vacant and in non-rent ready condition allowing the purchaser to renovate the units and achieve the highest market rent available. With the property being located in Unincorporated Los Angeles County the property is subject to Rent Stabilization Ordinance (RSO) which is a local law setting the maximum annual rent increases to an annual cap of 3 percent and provides tenants protections from evictions without just cause. The Supervisors controlling Unincorporated areas of Los Angeles County recently extended the rent freeze for all areas of Unincorporated Los Angeles County until December 31st, 2022.

Listed by Kenneth Morgan | BRE #01220368 | Morgan Skenderian
Last checked: 6 minutes ago | Last updated: May 20th, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
16,942
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW22038033
City
Whittier
County
Los Angeles
Time on Site
937 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 17
  • Total # of Buildings: 1
  • # of Electric Meters: 17
  • # of Gas Meters: 17
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $12,780
  • Total Rent: $12,780
  • Pro Forma/Market Rent: $15,960
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $11,849
  • Total Rent: $11,849
  • Pro Forma/Market Rent: $15,255
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 14.3
  • Gross Scheduled Income: $295,548
  • Net Operating Income: $175,234
  • Gross Operating Income: $286,681
  • Vacancy Allowance: $8,866
  • Gross Spendable Income: $98,509
Annual Expense Breakdown
  • Total Operating Expense: $111,447
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $4,665
  • Professional Management: $12,000
  • Water/Sewer: $0

Property Details for 13425 Mulberry Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
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: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 17
  • Parcel Number: 8163006014
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Mulberry Drive and south of Carmenita Road
Neighborhood Information
  • Community Features: Gutters, Sidewalks
View more facts & features

Local Whittier Agent

Sale History for 13425 Mulberry Dr

Last sold for $4,335,000 on May 17th, 2022

  • May, 2022

  • May 17, 2022

    Date

    Sold

    CRMLS: PW22038033

    $4,335,000

    Price

  • Feb 25, 2022

    Date

    Active

    CRMLS: PW22038033

    $4,225,000

    Price

Tax History for 13425 Mulberry Dr

Assessed Value (2020): $828,930
Year Land Value Improved Value Assessed Value
2020 $241,613 $587,317 $828,930

Home Value Compared to the Market

This property vs the competition

13425 Mulberry Dr sold on May 17, 2022 for 400% 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 $362.23 per/sqft which puts the price per square foot 38.4% lower than the current median sale per square foot for the city of Whittier.

About 13425 Mulberry Dr

Detailed summary of property

13425 Mulberry Dr is a multi family that recently sold in Whittier, CA 90605. This multi family property offered 25 bedrooms, 17 bathrooms, roughly 11,664 living square feet, and sits on an approximately 16,942 square foot lot. 13425 Mulberry Dr was first listed on ArdentRealEstateGroup.com on February 26, 2022. The homeowner sold the property for $4,335,000. 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 400% higher than the current median priced home. Local homes that are currently for sale include 1108 Termino Ave, 7852-7858 16Th St and 260 Linda Rosa Ave. While the average home in Whittier, CA is selling in 61 days, 13425 Mulberry Dr has a days on market of 31 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 13425 Mulberry Dr Whittier, CA 90605 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 13425 Mulberry Dr

Public county record property details
Beds
--
Baths
17
Year built
1963
Sq. Ft.
11,664
Lot Size
16,941
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
8163-006-014

The source for these homes facts are from public records.

90605 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$795,000
Median List Price/Sq.Ft.
$538
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$641
Total Inventory
49
Median Sale to List Price %
100.13%
Avg Days on Market
17
Loan Type
Conventional (61.54%), FHA (30.77%), VA (0%), Cash (0%), Other (7.69%)

Thinking of Selling?

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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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