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7718 Bright Ave, Whittier, CA 90602
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7718 Bright Ave Whittier, CA 90602

$1,550,000
  • 6 Beds
  • 4 Baths
  • 2,762 Sq.Ft.
For Sale
$1,550,000 Get Pre-Qualified
Map preview of 7718 Bright Ave, Whittier, CA 90602

Property Overview: 7718 Bright Ave Whittier, CA has 6 bedrooms, 4 bathrooms, 2,762 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This completely renovated asset is achieving top-of-the-market rents and boasts an excellent mix of one two-bed/two-bath home and two two-bed/one-bath homes. The homes have been fully renovated and feature new kitchens, new water heaters, new plumbing, stacked LG washer/dryers, new windows, and central air in the front home. The property also offers surface parking, and the homes are separately metered for all utilities, helping keep expenses to a minimum. 7718 Bright Avenue is located two blocks from Friends Park, a half-mile from Whittier College, within easy walking distance of a Smart & Final grocery store, and conveniently near retail along Whittier Boulevard. See agent remarks regarding front home.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker
Co-listed by David O'Keefe | BRE #01928739 | Marcus & Millichap
Last checked: 1 minute ago | Last updated: February 10th, 2024 | Source CRMLS | DOM: 62
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Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Triplex
Status
Active
MLS#
PW24027670
City
Whittier
County
Los Angeles
Time on Site
78 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: $2,623
  • Total Rent: $5,245
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $101,340
  • Net Operating Income: $69,786
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,514
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Open Houses for 7718 Bright Ave

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Property Details for 7718 Bright Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
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: 8141030008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: between Walnut and La Cuarta
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Whittier Agent

Sale History for 7718 Bright Ave

Last sold for $1,160,000 on June 29th, 2022

  • February, 2024

  • Feb 9, 2024

    Date

    Active

    CRMLS: PW24027670

    $1,550,000

    Price

  • June, 2022

  • Jun 29, 2022

    Date

    Sold

    CRMLS: PW22054356

    $1,160,000

    Price

  • Mar 22, 2022

    Date

    Active

    CRMLS: PW22054356

    $1,025,000

    Price

  • Listing provided courtesy of CRMLS

    3 - Unit Triplex in the heart of Whittier CA. Each unit has 2 bedrooms and 1 bathroom. New paint, carpet, and laminate flooring has been installed in the middle unit. The property has parking for 6 cars and has access to the back alley. Total living square feet is roughly 2,762 sitting on an estimated 7,000 square foot lot. Each unit has its own meters for water, gas, and electric. This 3-unit property is in the heart of Whittier and provides the ideal walkability and convenience to attract the best renters. Inquire on this property before it’s too late. Do not disturb tenants. Contact agent to schedule showing.

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Tax History for 7718 Bright Ave

Assessed Value (2020): $261,664
Year Land Value Improved Value Assessed Value
2020 $92,849 $168,815 $261,664

Home Value Compared to the Market

This property vs the competition

7718 Bright Ave is listed 93.75% higher than the median list price for the city of Whittier which has a median list price of $799,999. The median price per/sqft for Whittier is $540 and this home is listed at $561.19 per/sqft which puts the price per square foot 3.92% higher than the median price per square foot for the city of Whittier.

About 7718 Bright Ave

Detailed summary of property

7718 Bright Ave is a triplex located in Whittier, CA 90602 and is currently for sale. This triplex offers 6 bedrooms, 4 bathrooms, roughly 2,762 living square feet, and sits on an approximately 7,000 square foot lot. 7718 Bright Ave was first listed on ArdentRealEstateGroup.com on February 9, 2024. The homeowner is currently asking $1,550,000. The median priced home in Whittier is $799,999 with a median price per square foot of $540. Based on Ardent Real Estate Group's Whittier Market Data, this home is listed 93.75% higher than the median priced home. Local competing homes currently for sale include 733 Hoefner Ave, 1600 Picadilly Way and 381 Amalia Ave. While the average home in Whittier, CA is selling in 59 days, 7718 Bright Ave has a days on market of 62 days. There are currently 200 homes for sale in the Whittier real estate market and 167 of them are single family homes while 20 of them are condos and 13 are townhomes. For more information on this home for sale at 7718 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 7718 Bright Ave

Public county record property details
Beds
6
Baths
3
Year built
1923
Sq. Ft.
2,762
Lot Size
7,000
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
8141-030-008

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
$850,000
Median List Price/Sq.Ft.
$525
Median Sold Price
$740,000
Median Sold Price/Sq.Ft.
$580
Total Inventory
15
Median Sale to List Price %
96.73%
Avg Days on Market
33
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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