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7315 Norwalk Blvd, Whittier, CA 90606
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7315 Norwalk Blvd Whittier, CA 90606

$4,800,000 Sold Price as of 09/06/2023
  • 30 Beds
  • 22 Baths
  • 16,236 Sq.Ft.
Sold
$4,800,000 Sold Price as of 09/06/2023 Refinance Your Mortgage
Map preview of 7315 Norwalk Blvd, Whittier, CA 90606

Property Overview: 7315 Norwalk Blvd Whittier, CA has 30 bedrooms, 22 bathrooms, 16,236 living square feet and 2,078 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Norwalk Apartments in Whittier represent an excellent investment opportunity for any investor looking for upside potential in a growing real estate market. The property boasts a 5.1% Cap Rate and 12.69 GRM on current income, indicating strong cash flow. The building contains large 1, 2, and 3-bedrooms and has undergone recent exterior improvements, such as a new carport roof and asphalt, have been completed, ensuring that the property is well-maintained and visually appealing. The building is fully electric, with individual meters and water heaters, ensuring low utility costs for tenants and the landlord. Based on market rents, the property has an approximate 7% Cap Rate and 10 GRM, indicating significant upside potential for increased cash flow. Additionally, 5 units have undergone high-end unit turns, further adding to the property’s value by justifying the market rent. Overall, the Norwalk Apartments represent a sound investment with significant potential for growth and strong current cash flow.

Listed by Chris Keramati | BRE #01702116 | Triqor Group
Last checked: 3 minutes ago | Last updated: September 8th, 2023 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
2,078
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW23090370
City
Whittier
County
Los Angeles
Time on Site
338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
  • # of Electric Meters: 18
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,971
  • Total Rent: $7,884
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,338
  • Total Rent: $9,352
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,535
  • Total Rent: $15,350
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $393,699
  • Net Operating Income: $252,518
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $129,370
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 7315 Norwalk Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 18
  • Parcel Number: 8176007036
  • 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: Contact Agent
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Whittier Agent

Sale History for 7315 Norwalk Blvd

Last sold for $4,800,000 on September 6th, 2023

  • September, 2023

  • Sep 6, 2023

    Date

    Sold

    CRMLS: PW23090370

    $4,800,000

    Price

  • May 23, 2023

    Date

    Active

    CRMLS: PW23090370

    $4,995,000

    Price

  • April, 2019

  • Apr 25, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2000

  • Sep 22, 2000

    Date

    Sold (Public Records)

    Public Records

    $942,000

    Price

Show More

Tax History for 7315 Norwalk Blvd

Assessed Value (2020): $2,040,681
Year Land Value Improved Value Assessed Value
2020 $582,695 $1,457,986 $2,040,681

Home Value Compared to the Market

This property vs the competition

7315 Norwalk Blvd sold on September 6, 2023 for 501.81% 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 $307.65 per/sqft which puts the price per square foot 45.74% lower than the current median sale per square foot for the city of Whittier.

About 7315 Norwalk Blvd

Detailed summary of property

7315 Norwalk Blvd is a apartment that recently sold in Whittier, CA 90606. This apartment offered 30 bedrooms, 22 bathrooms, roughly 16,236 living square feet, and sits on an approximately 2,078 square foot lot. 7315 Norwalk Blvd was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $4,800,000. 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 501.81% higher than the current median priced home. Local homes that are currently for sale include 1984 Park Grove Ave, 10705 S Figueroa St and 1910 Lincoln Ave. While the average home in Whittier, CA is selling in 60 days, 7315 Norwalk Blvd has a days on market of 30 days. There are currently 199 homes for sale in the Whittier real estate market and 170 of them are single family homes while 20 of them are condos and 9 are townhomes. For more information on this home for sale at 7315 Norwalk Blvd Whittier, CA 90606 contact Ardent Real Estate Group and we will put you in touch with one of our Whittier agents.

Public Facts for 7315 Norwalk Blvd

Public county record property details
Beds
--
Baths
18
Year built
1962
Sq. Ft.
16,236
Lot Size
20,878
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
--
APN
8176-007-036

The source for these homes facts are from public records.

90606 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$564
Median Sold Price
$765,000
Median Sold Price/Sq.Ft.
$573
Total Inventory
16
Median Sale to List Price %
99.36%
Avg Days on Market
12
Loan Type
Conventional (41.67%), FHA (25%), VA (8.33%), Cash (16.67%), Other (8.33%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 7315 Norwalk Blvd

7325 Norwalk Blvd, Whittier, CA 90606
$4,200,000 Last Sold Price
20 Beds
16 Baths
12064 Sq.Ft.
7325 Norwalk Blvd
Whittier, CA 90606
10726 Dunlap Crossing Rd, Whittier, CA 90606
$1,150,000 Last Sold Price
5 Beds
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7026 Glengarry Ave, Whittier, CA 90606
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2 Baths
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Whittier, CA 90606
7109 Broadway Ave, Whittier, CA 90606
$645,000 Last Sold Price
4 Beds
2 Baths
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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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