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7616 Milton Ave, Whittier, CA 90602
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7616 Milton Ave Whittier, CA 90602

$755,000 Sold Price as of 08/18/2020
  • 5 Beds
  • 3 Baths
  • 1,832 Sq.Ft.
Sold
$755,000 Sold Price as of 08/18/2020 Refinance Your Mortgage
Map preview of 7616 Milton Ave, Whittier, CA 90602

Property Overview: 7616 Milton Ave Whittier, CA has 5 bedrooms, 3 bathrooms, 1,832 living square feet and 7,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 7616 Milton Avenue is a renovated three-unit multifamily investment property in Whittier, California. The property consists of a desirable mix of two two-bedroom/one-bath and one one-bedroom/one-bath bungalows that are individually metered for gas, water, and electricity. The units boast granite countertops, new flooring, new roofs, and dedicated parking. A new investor could further boost the units’ strong appeal by fencing in private yards. 7616 Milton Avenue is located in a desirable area just a few blocks from the Whittier Library, Community Center, Community Theater, City Hall, and Friends Park, and just a two-minute drive from a Smart & Final Extra! grocery store. This area is a majority-renter market with an average household income within one mile that exceeds $70,000. This offering presents an excellent opportunity for an investor to acquire a well-located, renovated asset with a desirable unit mix and capture 50 percent rental upside.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker
Co-listed by David O'Keefe | BRE #01928739 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 137

Home details

Lot Sq. Ft
7,001
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20057389
City
Whittier
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.16%
  • Gross Rent Multiplier: 17.71
  • Gross Scheduled Income: $43,200
  • Net Operating Income: $24,186
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,718
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 7616 Milton Ave

Interior Features
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 8141014022
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: just south of Mar Vista & four blocks west of Greenleaf
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Whittier Agent

Sale History for 7616 Milton Ave

Last sold for $755,000 on August 18th, 2020

  • August, 2020

  • Aug 18, 2020

    Date

    Sold

    CRMLS: PW20057389

    $755,000

    Price

  • Aug 7, 2020

    Date

    Pending

    CRMLS: PW20057389

    $765,000

    Price

  • Mar 17, 2020

    Date

    Active

    CRMLS: PW20057389

    $765,000

    Price

  • August, 2020

  • Aug 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $755,000

    Price

  • June, 2016

  • Jun 16, 2016

    Date

    Sold (Public Records)

    Public Records

    $675,000

    Price

Show More

Tax History for 7616 Milton Ave

Assessed Value (2020): $730,639
Year Land Value Improved Value Assessed Value
2020 $474,104 $256,535 $730,639

Home Value Compared to the Market

This property vs the competition

7616 Milton Ave sold on August 18, 2020 for 9.47% lower 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 $417.58 per/sqft which puts the price per square foot 28.98% lower than the current median sale per square foot for the city of Whittier.

About 7616 Milton Ave

Detailed summary of property

7616 Milton Ave is a multi family that recently sold in Whittier, CA 90602. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 1,832 living square feet, and sits on an approximately 7,001 square foot lot. 7616 Milton Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $755,000. 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 9.47% lower than the current median priced home. Local homes that are currently for sale include 4141 Floral Dr, 4141 Floral Dr and 2841 E 65th St. While the average home in Whittier, CA is selling in 61 days, 7616 Milton Ave has a days on market of 137 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 7616 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 7616 Milton Ave

Public county record property details
Beds
3
Baths
3
Year built
1922
Sq. Ft.
1,832
Lot Size
7,000
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
8141-014-022

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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Recently Sold Homes Near 7616 Milton Ave

7642 Milton 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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