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13508 Penn St Whittier, CA 90602

$3,675,000 Sold Price as of 03/13/2024

26 Beds
15.5 Baths
13,088 Sq.Ft.

Sold

$3,675,000 Sold Price as of 03/13/2024 Refinance Your Mortgage

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Map preview of 13508 Penn St, Whittier, CA 90602

Property Overview: 13508 Penn St Whittier, CA has 26 bedrooms, 15.5 bathrooms, 13,088 living square feet and 13,546 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 13508 Penn Street in Whittier, California. This property is in the highly desirable neighborhood of Uptown Whittier just walking distance to Greenleaf Avenue, Whittier College, Penn Park and numerous hiking trails. This property was built in 1988 and consists of one 13 unit building. The building is constructed on a raised foundation, has pitched roofs and is on one spacious lot. The property offers ample on site gated parking with a total of 22 parking spaces underneath the building. 13508 Penn Street consists of an excellent unit mix of five 2 bedroom 1.5 bathroom units and eight 2 bedroom 1 bathroom units. The property is secured with gated entry for all access points. There is one on site laundry room which consists of 2 washers and 2 dryers which are owned, as well as dedicated storage for each unit to make their laundry items easily accessible. 13508 Penn St also offers a built in owners office, equipment storage room and a common area patio.

Listed by Daniel Gomez | BRE #02081392 | Younglewin Advisors, Inc.
Co-listed by Shane Young | BRE #01963090 | Younglewin Advisors, Inc.

Last checked: 14 seconds ago | Last updated: March 14th, 2024 | Source CRMLS | DOM: 132

Home details

Lot Sq. Ft: 13,546
HOA Dues: $0/mo
Year built: 1988
Garage: --
Property Type:: Apartment

Status: Sold
MLS#: PW23178989
City: Whittier
County: Los Angeles
Time on Site: 213 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 13
Total # of Buildings: 1
# of Electric Meters: 10
# of Gas Meters: 10
# 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: $2,171
Total Rent: $2,171
Pro Forma/Market Rent: $2,450

Unit Breakdown 2

# of Units: 5
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,438
Total Rent: $2,438
Pro Forma/Market Rent: $2,700

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 6.32%
Gross Rent Multiplier: 10.57
Gross Scheduled Income: $354,696
Net Operating Income: $237,113
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $110,134
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Property Details for 13508 Penn St

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Rectangular Lot
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 13
Parcel Number: 8142003051
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: Off of Penn St and Painter Ave

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Whittier Agent

Sale History for 13508 Penn St

Last sold for $3,675,000 on March 13th, 2024

March, 2024
Mar 13, 2024

Date

Sold

CRMLS: PW23178989

$3,675,000

Price
Sep 25, 2023

Date

Active

CRMLS: PW23178989

$3,900,000

Price
February, 2020
Feb 5, 2020

Date

Sold

CRMLS: PW19258099

$3,175,000

Price
Jan 23, 2020

Date

Active Under Contract

CRMLS: PW19258099

$3,300,000

Price
Dec 17, 2019

Date

Price Change

CRMLS: PW19258099

$3,300,000

Price
Nov 12, 2019

Date

Price Change

CRMLS: PW19258099

$3,700,000

Price
Nov 5, 2019

Date

Active

CRMLS: PW19258099

$3,800,000

Price
Listing provided courtesy of CRMLS

Marcus and Millichap is pleased to present the Hobbit, located at 13508 Penn Street in Whittier, California. This property is in the highly desirable neighborhood of Uptown Whittier just walking distance to Greenleaf Avenue, Whittier College, Penn Park and numerous hiking trails. Greenleaf Avenue is the main attraction in Whittier which is occupied by numerous bars, restau-rants, coffee shops, retail and the famous Whittier Village Cinemas theater. This property was built in 1988 and consists of one 13 unit building. The building is constructed on a raised foundation, has pitched roofs and is on one spacious lot. The property offers ample on site gated parking with a total of 22 parking spaces underneath the building. 13508 Penn Street consists of an excellent unit mix of five 2 bedroom 1.5 bathroom units and eight 2 bedroom 1 bathroom units. The property is secured with gated entry for all access points. There is one on site laundry room which consists of 2 washers and 2 dryers which are owned, as well as dedicated storage for each unit to make their laundry items easily accessible. 13508 Penn St also offers a built in owners office, equipment storage room and a common area patio. This property is a true pride of ownership building that has been very well maintained throughout the years and offers the opportunity to add value. 13508 Penn Street would be a fantastic addition to any investors portfolio. ***Please Call for OM***

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February, 2020
Feb 4, 2020

Date

Sold (Public Records)

Public Records

$2,500,000

Price

Tax History for 13508 Penn St

Assessed Value (2020): $1,001,910

Year	Land Value	Improved Value	Assessed Value
2020	$30,235	$971,675	$1,001,910

Home Value Compared to the Market

This property vs the competition

13508 Penn St sold on March 13, 2024 for 368.75% higher than the current median sold price for the city of Whittier which is $800,000. The median sold price per/sqft for Whittier is $552 and this home is sold at $286.52 per/sqft which puts the price per square foot 48.09% lower than the current median sale per square foot for the city of Whittier.

About 13508 Penn St

Detailed summary of property

13508 Penn St is a apartment that recently sold in Whittier, CA 90602. This apartment offered 26 bedrooms, 15.5 bathrooms, roughly 13,088 living square feet, and sits on an approximately 13,546 square foot lot. 13508 Penn St was first listed on ArdentRealEstateGroup.com on September 25, 2023. The homeowner sold the property for $3,675,000. Home in Whittier are selling for a median price of $800,000 and a median price per square foot of $552. Based on Ardent Real Estate Group's Whittier Market Data, this home is sold 368.75% higher than the current median priced home. Local homes that are currently for sale include 2221 Michigan Ave, 174 N Mar Vista Ave and 129 S Avenue 64. While the average home in Whittier, CA is selling in 57 days, 13508 Penn St has a days on market of 132 days. There are currently 201 homes for sale in the Whittier real estate market and 168 of them are single family homes while 20 of them are condos and 13 are townhomes. For more information on this home for sale at 13508 Penn St Whittier, CA 90602 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 13508 Penn St

Public county record property details

Beds: 18
Baths: 14
Year built: 1988
Sq. Ft.: 6,544
Lot Size: 6,742
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 8142-003-051

The source for these homes facts are from public records.

90602 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$899,000

Median List Price/Sq.Ft.

$525

Median Sold Price

$740,000

Median Sold Price/Sq.Ft.

$580

Total Inventory

Median Sale to List Price %

96.73%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.