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6312 Bright Ave, Whittier, CA 90601
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6312 Bright Ave Whittier, CA 90601

$2,000,000 Sold Price as of 12/17/2021
  • 9 Beds
  • 8 Baths
  • 4,514 Sq.Ft.
Sold
$2,000,000 Sold Price as of 12/17/2021 Refinance Your Mortgage
Map preview of 6312 Bright Ave, Whittier, CA 90601

Property Overview: 6312 Bright Ave Whittier, CA has 9 bedrooms, 8 bathrooms, 4,514 living square feet and 7,350 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 7 unit value-add investment property located in the beautiful Hadley-Greenleaf Historic District of Uptown Whittier. The property features six large 1 bedroom 1 bathroom units and one spacious 3 bedroom 2 bathroom unit which sits above six single car garages. Investors have the ability to rent garages for additional income or convert to ADU per State of California AB 68 standards (buyer to verify). With over 20% upside in rental income for the existing units, these apartments offer an attractive 4.64% in place cap rate offering investors immediate cashflow.

Listed by Shane Young | BRE #01963090 | Dan Lewin, Broker
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
7,350
HOA Dues
$0/mo
Year built
1955
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21235453
City
Whittier
County
Los Angeles
Time on Site
938 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $8,968
  • Pro Forma/Market Rent: $10,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,885
  • Total Rent: $1,885
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.64%
  • Gross Rent Multiplier: 13.78
  • Gross Scheduled Income: $157,200
  • Net Operating Income: $83,289
  • Gross Operating Income: $127,529
  • Vacancy Allowance: $3,907
  • Other Income 1: $1,200
  • Other Income Description: Other
Annual Expense Breakdown
  • Total Operating Expense: $44,240
  • Electric: $888
  • Gas/Fuel: $888
  • New Taxes: $22,935
  • Trash: $887
  • Gardener: $1,200
  • Insurance: $2,031
  • Maintenance: $6,512
  • Professional Management: $7,860
  • Water/Sewer: $887
  • Other Expenses: $1,000
  • Other Expense Description: Other

Property Details for 6312 Bright Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 8135020020
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Greenleaf Ave & Hadley St
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Whittier Agent

Sale History for 6312 Bright Ave

Last sold for $2,000,000 on December 17th, 2021

  • December, 2021

  • Dec 17, 2021

    Date

    Sold

    CRMLS: PW21235453

    $2,000,000

    Price

  • Oct 25, 2021

    Date

    Active

    CRMLS: PW21235453

    $1,795,000

    Price

  • September, 2020

  • Sep 4, 2020

    Date

    Sold

    CRMLS: PW20109996

    $1,315,000

    Price

  • Jun 8, 2020

    Date

    Active Under Contract

    CRMLS: PW20109996

    $1,250,000

    Price

  • Jun 8, 2020

    Date

    Active

    CRMLS: PW20109996

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    6312 Bright Avenue, a 7-unit investment property in Whittier, CA. The property is located between Hadley Street & Camilla Street in Uptown Whittier's Hadley/Greenleaf Historic District. The property is a short walk from Uptown Whittier's most lively street Greenleaf Avenue. Greenleaf Avenue offers a wide range of retail, restaurants & entertainment. The property is in close proximity to the Whittier Library, Community Center, City Hall, Turnbull Canyon hiking/biking trail, Whittier College, Whittier Presbyterian Hospital and Whittier’s largest brand new 73 acre housing and commercial development "The Groves" which offers 150,000 sqft of retail space, 561 homes, & 189 apartment housing units that are a mix between 55+ older communities & common rental communities. 6312 Bright Avenue consists of one 7-unit building & is 1955 construction. The property offers 6 spacious 1 bed/ 1 bath units & 1 large 3 bed/ 2 bath unit, all come with a wall mounted HVAC unit. There is ample onsite parking that includes 6 single car garages along with 3 surface parking spaces, extremely rare for Uptown Whittier apartment buildings. All units are separately metered for gas and electricity which keeps landlord operating expenses to a minimum. This property has been well-maintained throughout the years and offers the opportunity to add value with over 30% upside in rents. 6312 Bright Avenue would be a fantastic addition to any investor's portfolio.

  • September, 2020

  • Sep 2, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,315,000

    Price

Show More

Tax History for 6312 Bright Ave

Assessed Value (2020): $294,319
Year Land Value Improved Value Assessed Value
2020 $67,783 $226,536 $294,319

Home Value Compared to the Market

This property vs the competition

6312 Bright Ave sold on December 17, 2021 for 116.27% higher than the current median sold price for the city of Whittier which is $830,000. The median sold price per/sqft for Whittier is $567 and this home is sold at $397.65 per/sqft which puts the price per square foot 29.87% lower than the current median sale per square foot for the city of Whittier.

About 6312 Bright Ave

Detailed summary of property

6312 Bright Ave is a multi family that recently sold in Whittier, CA 90601. This multi family property offered 9 bedrooms, 8 bathrooms, roughly 4,514 living square feet, and sits on an approximately 7,350 square foot lot. 6312 Bright Ave was first listed on ArdentRealEstateGroup.com on October 25, 2021. The homeowner sold the property for $2,000,000. Home in Whittier are selling for a median price of $830,000 and a median price per square foot of $567. Based on Ardent Real Estate Group's Whittier Market Data, this home is sold 116.27% higher than the current median priced home. Local homes that are currently for sale include 231 S Laxore St, 5150 Ithaca Ave and 3701 W Savanna St. While the average home in Whittier, CA is selling in 57 days, 6312 Bright Ave has a days on market of 23 days. There are currently 216 homes for sale in the Whittier real estate market and 179 of them are single family homes while 26 of them are condos and 11 are townhomes. For more information on this home for sale at 6312 Bright Ave Whittier, CA 90601 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 6312 Bright Ave

Public county record property details
Beds
8
Baths
7
Year built
1955
Sq. Ft.
4,514
Lot Size
7,350
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
8135-020-020

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
$769,000
Median List Price/Sq.Ft.
$508
Median Sold Price
$919,990
Median Sold Price/Sq.Ft.
$533
Total Inventory
52
Median Sale to List Price %
104.66%
Avg Days on Market
30
Loan Type
Conventional (52.94%), FHA (5.88%), VA (5.88%), Cash (17.65%), Other (17.65%)

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6216 Bright Ave, Whittier, CA 90601
$1,000,000 Last Sold Price
4 Beds
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6216 Bright Ave
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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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