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14149 Mulberry Dr, Whittier, CA 90605
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14149 Mulberry Dr Whittier, CA 90605

$6,225,000 Sold Price as of 06/10/2021
  • 44 Beds
  • 26 Baths
  • 19,448 Sq.Ft.
Sold
$6,225,000 Sold Price as of 06/10/2021 Refinance Your Mortgage
Map preview of 14149 Mulberry Dr, Whittier, CA 90605

Property Overview: 14149 Mulberry Dr Whittier, CA has 44 bedrooms, 26 bathrooms, 19,448 living square feet and 42,253 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 14149 Mulberry Drive is a 25+1* unit multifamily investment property located at 14149 Mulberry Drive, Whittier, CA. Situated on a 0.97-acre lot, 14149 Mulberry Drive consists of studio, one-, and two-bedroom floor plans and offers amenities including gated access, carport parking, a spacious courtyard with a gated swimming pool, security doors, and on-site laundry. (*One, nonconforming studio unit).

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 4 minutes ago | Last updated: December 14th, 2023 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
42,253
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC21043198
City
Whittier
County
Los Angeles
Time on Site
1297 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 26
  • Total # of Buildings: 4
  • # of Leased Units: 26
  • # of Electric Meters: 26
  • # of Gas Meters: 26
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,004
  • Total Rent: $1,004
  • Pro Forma/Market Rent: $1,095
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,189
  • Total Rent: $8,189
  • Pro Forma/Market Rent: $8,970
Unit Breakdown 3
  • # of Units: 19
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $31,635
  • Total Rent: $31,635
  • Pro Forma/Market Rent: $36,245
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $489,936
  • Net Operating Income: $315,618
  • Gross Operating Income: $484,827
  • Vacancy Allowance: $14,698
  • Other Income 1: $9,589
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $169,209
  • Electric: $6,500
  • Gas/Fuel: $6,500
  • New Taxes: $70,603
  • Trash: $6,500
  • Insurance: $7,065
  • Maintenance: $13,000
  • Professional Management: $19,393
  • Water/Sewer: $6,500
  • Other Expenses: $33,148
  • Other Expense Description: Misc

Property Details for 14149 Mulberry Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 29
Lot Information
  • Lot Features: Landscaped, Lawn, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 26
  • Parcel Number: 8159003018
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: Mills Avenue & Mulberry Drive
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Whittier Agent

Sale History for 14149 Mulberry Dr

Last sold for $6,225,000 on June 10th, 2021

  • December, 2023

  • Dec 14, 2023

    Date

    Expired

    CRMLS: OC23120920

    $6,575,000

    Price

  • Jul 6, 2023

    Date

    Active

    CRMLS: OC23120920

    $6,575,000

    Price

  • Listing provided courtesy of CRMLS

    Mulberry Apartments is a 25-unit multifamily investment opportunity located in Whittier, CA. Built in 1950, 1956, and 1959, Mulberry Apartments offers a desirable mix of one, two, and three-bedroom units and amenities including a spacious courtyard, a swimming pool, controlled access, ample carport and surface parking, security doors, and an on-site laundry facility. Additionally, 4 of the units have been renovated and feature fresh paint, vinyl plank flooring, granite countertops, and ceiling fans, which has allowed current ownership to achieve a rental premium over non-renovated units. Furthermore, a new owner could potentially increase rental income through the continuation of the in-place renovation plan. Mulberry Apartments benefits from its fantastic Whittier location, surrounded by single-family residential neighborhoods and in close proximity to attractive area amenities. Residents enjoy the property’s walkable access to Mulberry Elementary School and California High School, as well as a Stater Bros. Market and CVS Pharmacy. Additionally, Mulberry Apartments is located a short drive from an abundance of major retail destinations along Whittier Boulevard. Given the strong market dynamics and the property’s upside potential, Mulberry Apartments is well suited to provide a new investor with strong returns and value appreciation.

  • June, 2021

  • Jun 11, 2021

    Date

    Sold

    CRMLS: OC21043198

    $6,225,000

    Price

  • Mar 17, 2021

    Date

    Pending

    CRMLS: OC21043198

    $6,375,000

    Price

  • Mar 10, 2021

    Date

    Active Under Contract

    CRMLS: OC21043198

    $6,375,000

    Price

  • Mar 2, 2021

    Date

    Active

    CRMLS: OC21043198

    $6,375,000

    Price

  • October, 2020

  • Oct 26, 2020

    Date

    Expired

    CRMLS: OC18271833

    $6,375,000

    Price

  • Apr 9, 2020

    Date

    Price Change

    CRMLS: OC18271833

    $6,375,000

    Price

  • Nov 12, 2018

    Date

    Active

    CRMLS: OC18271833

    $6,588,000

    Price

  • Listing provided courtesy of CRMLS

    Mulberry Drive Apartments, a 25+1* unit multifamily investment property located at 14149 Mulberry Drive, Whittier, CA. Situated on a 0.97-acre lot, Mulberry Drive Apartments consists of studio, one-, and two-bedroom floor plans and offers amenities including gated access, carport parking, a spacious courtyard with a gated swimming pool, security doors, and on-site laundry. Residents of Mulberry Drive Apartments enjoy walkable access to retailers including 7-Eleven, Stater Bros, and CVS Pharmacy and to schools including Mulberry Elementary School and California High School. (*One, non-conforming studio unit)

  • July, 2019

  • Jul 25, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2018

  • Jun 19, 2018

    Date

    Expired

    CRMLS: OC17229234

    $6,588,000

    Price

  • Oct 9, 2017

    Date

    Active

    CRMLS: OC17229234

    $6,588,000

    Price

  • Listing provided courtesy of CRMLS

    Mulberry Drive Apartments is a 25+1* unit multifamily investment property located in the city of Whittier California. Situated on a 0.97-acre lot, the 19,448 square foot property consists of studio, one-, and two-bedroom floor plans averaging 748 square feet. Built in 1956, the property offers an attractive range of amenities including covered carport parking, a large central courtyard, a swimming pool, and an on-site laundry facility. *One studio unit is non-conforming

  • March, 2017

  • Mar 15, 2017

    Date

    Sold (Public Records)

    Public Records

    $5,150,000

    Price

Show More

Tax History for 14149 Mulberry Dr

Assessed Value (2020): $5,465,220
Year Land Value Improved Value Assessed Value
2020 $3,003,218 $2,462,002 $5,465,220

Home Value Compared to the Market

This property vs the competition

14149 Mulberry Dr sold on June 10, 2021 for 654.44% 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 $327.8 per/sqft which puts the price per square foot 44.25% lower than the current median sale per square foot for the city of Whittier.

About 14149 Mulberry Dr

Detailed summary of property

14149 Mulberry Dr is a multi family that recently sold in Whittier, CA 90605. This multi family property offered 44 bedrooms, 26 bathrooms, roughly 19,448 living square feet, and sits on an approximately 42,253 square foot lot. 14149 Mulberry Dr was first listed on ArdentRealEstateGroup.com on March 2, 2021. The homeowner sold the property for $6,225,000. 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 654.44% higher than the current median priced home. Local homes that are currently for sale include 816 S Westlake Ave, 411 15th St and 1741 S Westmoreland Blvd. While the average home in Whittier, CA is selling in 61 days, 14149 Mulberry Dr has a days on market of 8 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 14149 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 14149 Mulberry Dr

Public county record property details
Beds
14
Baths
27
Year built
1956
Sq. Ft.
19,448
Lot Size
42,054
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
18
APN
8159-003-018

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%)

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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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