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7328 Milton Ave, Whittier, CA 90602
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7328 Milton Ave Whittier, CA 90602

$1,945,000 Sold Price as of 01/30/2020
  • 11 Beds
  • 9 Baths
  • 5,688 Sq.Ft.
Sold
$1,945,000 Sold Price as of 01/30/2020 Refinance Your Mortgage
Map preview of 7328 Milton Ave, Whittier, CA 90602

Property Overview: 7328 Milton Ave Whittier, CA has 11 bedrooms, 9 bathrooms, 5,688 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: This Investment Property, located in the prime and urban uptown city of Whittier. This gated property offers an investor the opportunity to acquire a stabilized asset with extensive upgrades and seismic retrofit completed. The apartment offers a unit mix of 1 bedroom units, a 2-bedroom unit, and a 3-bedroom unit. The majority of the units have been renovated along with a RUBS program implemented. With the recent AB 1482 bill(rent control) passing, this investment property gives an owner the opportunity to save money on rehabilitation and enjoy in place market rents and collection of income from RUBS while still leaving room for the annual allotted rental increase. This investment property is deliverable at a 5% CAP rate with great cash on cash return.

Listed by Gary Tolfa | BRE #00955403 | Triqor Group
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW19253757
City
Whittier
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,368
  • Total Rent: $8,208
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,165
  • Total Rent: $2,165
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 13.25
  • Gross Scheduled Income: $150,620
  • Net Operating Income: $99,561
  • Gross Operating Income: $146,101
  • Vacancy Allowance: $4,519
Annual Expense Breakdown
  • Total Operating Expense: $46,541
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $24,911
  • Trash: $0
  • Insurance: $2,104
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 7328 Milton Ave

Interior Features
Heating Information
  • Has Heating
  • Radiant
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 8141007020
  • 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: Please Contact Listing Agent For All Directions
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Whittier Agent

Sale History for 7328 Milton Ave

Last sold for $1,945,000 on January 30th, 2020

  • January, 2020

  • Jan 30, 2020

    Date

    Sold

    CRMLS: PW19253757

    $1,945,000

    Price

  • Dec 23, 2019

    Date

    Active Under Contract

    CRMLS: PW19253757

    $1,995,000

    Price

  • Nov 6, 2019

    Date

    Pending

    CRMLS: PW19253757

    $1,995,000

    Price

  • Oct 29, 2019

    Date

    Active

    CRMLS: PW19253757

    $1,995,000

    Price

  • January, 2020

  • Jan 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,945,000

    Price

  • August, 2018

  • Aug 1, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 7328 Milton Ave

Assessed Value (2020): $1,878,500
Year Land Value Improved Value Assessed Value
2020 $1,313,760 $564,740 $1,878,500

Home Value Compared to the Market

This property vs the competition

7328 Milton Ave sold on January 30, 2020 for 136.09% 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 $350.74 per/sqft which puts the price per square foot 40.35% lower than the current median sale per square foot for the city of Whittier.

About 7328 Milton Ave

Detailed summary of property

7328 Milton Ave is a multi family that recently sold in Whittier, CA 90602. This multi family property offered 11 bedrooms, 9 bathrooms, roughly 5,688 living square feet, and sits on an approximately 7,000 square foot lot. 7328 Milton Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,945,000. 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 136.09% higher than the current median priced home. Local homes that are currently for sale include 119 S Delano St, 231 S Laxore St and 2942 W Floyd Ave. While the average home in Whittier, CA is selling in 61 days, 7328 Milton Ave has a days on market of 7 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 7328 Milton 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 7328 Milton Ave

Public county record property details
Beds
10
Baths
9
Year built
1965
Sq. Ft.
5,688
Lot Size
7,000
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
8141-007-020

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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(714) 706-1823

Homes for Sale Near 7328 Milton Ave

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Recently Sold Homes Near 7328 Milton Ave

7311 Milton Ave, Whittier, CA 90602
$1,365,000 Last Sold Price
9 Beds
11 Baths
5162 Sq.Ft.
7311 Milton Ave
Whittier, CA 90602
7322-7324 Milton Ave, Whittier, CA 90602
$829,000 Last Sold Price
4 Beds
1 Baths
1656 Sq.Ft.
7322-7324 Milton Ave
Whittier, CA 90602
7253 Milton Ave, Whittier, CA 90602
$635,000 Last Sold Price
4 Beds
2 Baths
1186 Sq.Ft.
7253 Milton Ave
Whittier, CA 90602
7306 Newlin Ave, Whittier, CA 90602
$1,145,000 Last Sold Price
5 Beds
4 Baths
2494 Sq.Ft.
7306 Newlin Ave
Whittier, CA 90602

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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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