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7306 Newlin Ave, Whittier, CA 90602
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7306 Newlin Ave Whittier, CA 90602

$1,145,000 Sold Price as of 05/10/2024
  • 5 Beds
  • 4 Baths
  • 2,494 Sq.Ft.
Sold
$1,145,000 Sold Price as of 05/10/2024 Refinance Your Mortgage
Map preview of 7306 Newlin Ave, Whittier, CA 90602

Property Overview: 7306 Newlin Ave Whittier, CA has 5 bedrooms, 4 bathrooms, 2,494 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Whether you're on the hunt for a comfortable home or a quality investment in a highly desirable Whittier location, this incredible multi-family abode might just be what you're looking for! Take advantage of the opportunity to live in one and lease the others or enjoy steady rental income from full occupancy. Several updates enhance the appeal of this 4-unit complex, including a newer roof and a recently painted exterior accentuated by black accents. Through the ornate gated entry, discover a quaint landscaped courtyard maintained by a brand-new sprinkler system. As a bonus, two residences have gorgeously remodeled baths while one was extensively updated from top to bottom. All have covered rear patios for leisurely afternoons of outdoor relaxation. For your convenience, the rear and front units have separate addresses, plus there are 4 assigned parking spots in the back. Set on a tree-lined street with close proximity to Whittier College and medical facilities, not to mention the many shopping, dining, and entertainment options nearby, it's sure to attract prospective renters. Ready to explore this exciting chance to expand your real estate portfolio? Discover everything the rare gem has to offer by coming for a tour before it's gone for good!

Listed by Lisa Oliveras | BRE #01141551 | RE/MAX Estate Properties
Co-listed by Ramsey Oliveras | BRE #01200976 | RE/MAX Estate Properties
Last checked: 3 minutes ago | Last updated: May 12th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PV23026219
City
Whittier
County
Los Angeles
Time on Site
572 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,470
  • Total Rent: $1,470
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 15.52
  • Gross Scheduled Income: $77,340
  • Net Operating Income: $59,737
  • Gross Operating Income: $77,340
  • Vacancy Allowance: $0
  • Gross Spendable Income: $59,737
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Improvements Total: $328,334
Annual Expense Breakdown
  • Total Operating Expense: $17,603
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $98
  • New Taxes: $11,189
  • Furniture Replacement: $0
  • Trash: $1,176
  • Cable TV: $0
  • Gardener: $600
  • Insurance: $2,500
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $2,040
  • Other Expenses: $0

Virtual Tour

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Property Details for 7306 Newlin Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Kitchen, Inside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • All Bedrooms Up, Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Vented Exhaust Fan, Water Heater
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Window Features: Blinds, Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Rain Gutters
  • Has Fence
  • Block, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Asphalt, Parking Space, Private, Public, Uncovered
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lawn, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 8141006025
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Penn Street and Newling Ave
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Whittier Agent

Sale History for 7306 Newlin Ave

Last sold for $1,145,000 on May 10th, 2024

  • May, 2024

  • May 10, 2024

    Date

    Sold

    CRMLS: PV23026219

    $1,145,000

    Price

  • Feb 24, 2023

    Date

    Active

    CRMLS: PV23026219

    $1,200,000

    Price

  • August, 2005

  • Aug 5, 2005

    Date

    Sold (Public Records)

    Public Records

    $705,000

    Price

  • July, 2003

  • Jul 7, 2003

    Date

    Sold (Public Records)

    Public Records

    $410,000

    Price

Show More

Tax History for 7306 Newlin Ave

Assessed Value (2020): $848,624
Year Land Value Improved Value Assessed Value
2020 $530,027 $318,597 $848,624

Home Value Compared to the Market

This property vs the competition

7306 Newlin Ave sold on May 10, 2024 for 42.01% 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 $481.15 per/sqft which puts the price per square foot 18.17% lower than the current median sale per square foot for the city of Whittier.

About 7306 Newlin Ave

Detailed summary of property

7306 Newlin Ave is a fourplex that recently sold in Whittier, CA 90602. This fourplex offered 5 bedrooms, 4 bathrooms, roughly 2,494 living square feet, and sits on an approximately 7,000 square foot lot. 7306 Newlin Ave was first listed on ArdentRealEstateGroup.com on February 25, 2023. The homeowner sold the property for $1,145,000. 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 42.01% higher than the current median priced home. Local homes that are currently for sale include 1278 Clela Ave, 4421 Floral Drive and 127 E Union Ave. While the average home in Whittier, CA is selling in 61 days, 7306 Newlin Ave has a days on market of 6 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 7306 Newlin Ave Whittier, CA 90602 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 7306 Newlin Ave

Public county record property details
Beds
4
Baths
4
Year built
1958
Sq. Ft.
2,494
Lot Size
6,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15-16
APN
8141-006-025

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
$869,999
Median List Price/Sq.Ft.
$538
Median Sold Price
$930,000
Median Sold Price/Sq.Ft.
$514
Total Inventory
32
Median Sale to List Price %
103.45%
Avg Days on Market
28
Loan Type
Conventional (50%), FHA (8.33%), VA (8.33%), Cash (8.33%), Other (25%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 7306 Newlin 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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