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7615 Bright Ave, Whittier, CA 90602
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7615 Bright Ave Whittier, CA 90602

$1,420,000 Sold Price as of 04/08/2021
  • 9 Beds
  • 8 Baths
  • 4,759 Sq.Ft.
Sold
$1,420,000 Sold Price as of 04/08/2021 Refinance Your Mortgage
Map preview of 7615 Bright Ave, Whittier, CA 90602

Property Overview: 7615 Bright Ave Whittier, CA has 9 bedrooms, 8 bathrooms, 4,759 living square feet and 7,147 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 7615 Bright Avenue consists of one 7-unit building built in 1971. 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 1 two car garage, one single car garage and seven carports. The complex has a small private laundry facility. All units are separately metered for gas and electricity which keeps landlord operating expenses to a minimum. The property is in close proximity to the Whittier Library, Community Center, City Hall, Turnbull Canyon hiking/biking trail, and Whittier College. Current ownership has maintained the rental rates well below the market level and with the right strategy and approach, a new investor can take advantage of a significant repositioning opportunity. This would be a fantastic addition to any investors portfolio. This is a must see! Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants.

Listed by Philip Nastasi | BRE #01892875 | Rodeo Realty
Last checked: 7 minutes ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
7,147
HOA Dues
$0/mo
Year built
1971
Garage
3 Car
Property Type:
Mixed Use
Status
Sold
MLS#
SR21045720
City
Whittier
County
Los Angeles
Time on Site
1142 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $5,400
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,030
  • Net Operating Income: $38,563
  • Gross Operating Income: $81,030
  • Vacancy Allowance: $0
  • Gross Spendable Income: $81,030
Annual Expense Breakdown
  • Total Operating Expense: $42,467
  • Electric: $611
  • Gas/Fuel: $2,003
  • Licenses: $117
  • New Taxes: $0
  • Trash: $2,135
  • Gardener: $100
  • Insurance: $5,470
  • Maintenance: $12,039
  • Professional Management: $1,200
  • Water/Sewer: $4,383

Property Details for 7615 Bright Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Laminate, Tile
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Free-Standing Range, Gas Range, Water Heater Central
Interior Features
  • Balcony, Corian Counters
  • Levels: Two
  • Window Features: Double Pane Windows, Screens
Exterior Features
Exterior Information
  • Roof: Flat
  • Lighting
  • Has Fence
  • Block, Good Condition, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned, Garage Faces Front, Garage Faces Side
Lot Information
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Parcel Number: 8141012024
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Garfield Ave, left on W Beverly Blvd, right on Pickering Ave, left on Mar Vista St, turn right on Bright Ave
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
Neighborhood Information
  • Community Features: Curbs, Hiking, Park, Sidewalks, Street Lights
View more facts & features

Local Whittier Agent

Sale History for 7615 Bright Ave

Last sold for $1,420,000 on April 8th, 2021

  • April, 2021

  • Apr 9, 2021

    Date

    Sold

    CRMLS: SR21045720

    $1,420,000

    Price

  • Mar 29, 2021

    Date

    Pending

    CRMLS: SR21045720

    $1,315,000

    Price

  • Mar 25, 2021

    Date

    Active Under Contract

    CRMLS: SR21045720

    $1,315,000

    Price

  • Mar 18, 2021

    Date

    Active

    CRMLS: SR21045720

    $1,315,000

    Price

  • Mar 15, 2021

    Date

    Hold

    CRMLS: SR21045720

    $1,315,000

    Price

  • Mar 10, 2021

    Date

    Active

    CRMLS: SR21045720

    $1,315,000

    Price

  • August, 2006

  • Aug 10, 2006

    Date

    Sold (Public Records)

    Public Records

    $938,000

    Price

  • March, 2005

  • Mar 4, 2005

    Date

    Sold (Public Records)

    Public Records

    $839,000

    Price

Show More

Tax History for 7615 Bright Ave

Assessed Value (2020): $1,149,103
Year Land Value Improved Value Assessed Value
2020 $804,864 $344,239 $1,149,103

Home Value Compared to the Market

This property vs the competition

7615 Bright Ave sold on April 8, 2021 for 58.43% 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 $276.32 per/sqft which puts the price per square foot 51.27% lower than the current median sale per square foot for the city of Whittier.

About 7615 Bright Ave

Detailed summary of property

7615 Bright Ave is a mixed use that recently sold in Whittier, CA 90602. This mixed use property offered 9 bedrooms, 8 bathrooms, roughly 4,759 living square feet, and sits on an approximately 7,147 square foot lot. 7615 Bright Ave was first listed on ArdentRealEstateGroup.com on March 18, 2021. The homeowner sold the property for $1,420,000. 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 58.43% higher than the current median priced home. Local homes that are currently for sale include 2408 E 17th St, 1073 Orizaba Ave and 849 S Broadway #611. While the average home in Whittier, CA is selling in 61 days, 7615 Bright Ave has a days on market of 5 days. There are currently 199 homes for sale in the Whittier real estate market and 166 of them are single family homes while 22 of them are condos and 11 are townhomes. For more information on this home for sale at 7615 Bright 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 7615 Bright Ave

Public county record property details
Beds
9
Baths
7
Year built
1971
Sq. Ft.
4,759
Lot Size
7,146
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
8141-012-024

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
$899,000
Median List Price/Sq.Ft.
$525
Median Sold Price
$840,000
Median Sold Price/Sq.Ft.
$408
Total Inventory
19
Median Sale to List Price %
105.13%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (100%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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