13447 Bailey St, Whittier, CA 90601
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13447 Bailey St Whittier, CA 90601

$1,500,000 Sold Price as of 10/21/2022
  • 9 Beds
  • 8 Baths
  • 4,618 Sq.Ft.
Sold
$1,500,000 Sold Price as of 10/21/2022 Refinance Your Mortgage

Map preview of 13447 Bailey St, Whittier, CA 90601

Property Overview: 13447 Bailey St Whittier, CA has 9 bedrooms, 8 bathrooms, 4,618 living square feet and 6,715 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present for sale 5 Units in an A+ Location in Uptown Whittier. It is the first time this property is being offered for sale in almost 37 years! A new investor will appreciate this 4,618 square foot building that is located near the intersection of North Painter Avenue and Hadley Street. Being Comprised of mostly 2 Bedroom Units (and 2 Bathrooms in select units), this property has a tremendous value-add component which results in a rental upside potential of +/- 47%. Tenants enjoy the convenience of the on-site laundry room, oversized units as well as covered parking. For almost 4 decades, owners have maintained this trophy investment great pride. There are many capital improvements which include updated interiors, newer windows as well as copper plumbing (horizontal and vertical). The property is within walking distance to Whittier College as well as many shops, restaurants and various businesses on Greenleaf Avenue. Property to be Sold in its "As-Is" Condition, AB1482 rent control applies. Buyer to cooperate with Seller's 1031 Exchange, Seller has already identified their Exchange Upleg.

Listed by Shant Sherbetdjian | BRE #01713570 | Remax Commercial and Investment Realty
Last checked: 6 minutes ago | Last updated: October 21st, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,715
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22199701
City
Whittier
County
Los Angeles
Time on Site
659 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.41
  • Gross Scheduled Income: --
  • Net Operating Income: $47,712
  • Gross Operating Income: $83,575
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 13447 Bailey St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 5
  • Parcel Number: 8137014017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Excellent Uptown Whittier Location. Located in a desirable neighborhood of Whittier, North of Painter Avenue. Situated on Bailey Street, with major intersection of Painter Avenue and Hadley Street. Property is within Walking Distance to Whittier College and Shops and Restaurants on Greenleaf Avenue.
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Sale History for 13447 Bailey St

Last sold for $1,500,000 on October 21st, 2022
  • October, 2022

  • Oct 21, 2022

    Date

    Sold

    CRMLS: 22199701

    $1,500,000

    Price

  • Sep 14, 2022

    Date

    Active

    CRMLS: 22199701

    $1,500,000

    Price

  • March, 2021

  • Mar 6, 2021

    Date

    Expired

    CRMLS: 20561284

    $1,325,000

    Price

  • Oct 22, 2020

    Date

    Withdrawn

    CRMLS: 20561284

    $1,325,000

    Price

  • Mar 6, 2020

    Date

    Active

    CRMLS: 20561284

    $1,325,000

    Price

  • Listing provided courtesy of CRMLS

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Tax History for 13447 Bailey St

Assessed Value (2020): $535,539
Year Land Value Improved Value Assessed Value
2020 $117,805 $417,734 $535,539

Home Value Compared to the Market

This property vs the competition

13447 Bailey St sold on October 21, 2022 for 85.19% higher than the current median sold price for the city of Whittier which is $810,000. The median sold price per/sqft for Whittier is $545 and this home is sold at $324.82 per/sqft which puts the price per square foot 40.4% lower than the current median sale per square foot for the city of Whittier.

About 13447 Bailey St

Detailed summary of property

13447 Bailey St is a multi family that recently sold in Whittier, CA 90601. This multi family property offered 9 bedrooms, 8 bathrooms, roughly 4,618 living square feet, and sits on an approximately 6,715 square foot lot. 13447 Bailey St was first listed on ArdentRealEstateGroup.com on September 14, 2022. The homeowner sold the property for $1,500,000. Home in Whittier are selling for a median price of $810,000 and a median price per square foot of $545. Based on Ardent Real Estate Group's Whittier Market Data, this home is sold 85.19% higher than the current median priced home. Local homes that are currently for sale include 4537 E Cesar E Chavez Ave, 119 S Delano St and 945 Record Ave. While the average home in Whittier, CA is selling in 52 days, 13447 Bailey St has a days on market of 6 days. There are currently 233 homes for sale in the Whittier real estate market and 195 of them are single family homes while 25 of them are condos and 13 are townhomes. For more information on this home for sale at 13447 Bailey St Whittier, CA 90601 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 13447 Bailey St

Public county record property details
Beds
8
Baths
8
Year built
1962
Sq. Ft.
4,618
Lot Size
6,714
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
8137-014-017

The source for these homes facts are from public records.

90601 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$789,000
Median List Price/Sq.Ft.
$506
Median Sold Price
$810,000
Median Sold Price/Sq.Ft.
$515
Total Inventory
61
Median Sale to List Price %
100%
Avg Days on Market
24
Loan Type
Conventional (45%), FHA (10%), VA (0%), Cash (15%), Other (25%)

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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.