DRE #00338699
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7307 Milton Avenue $3,599,000

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7307 Milton Avenue Whittier, CA 90602

  • 0 Beds
  • 0 Baths
  • 11,013 sq.ft.
  • Multi-Family
MLS# OC19060125 | Pending
Days On Market: 156 0 Views
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Property Details

Second Price Reduction. Motivated Seller. The offering of 14 @ Milton & Penn consists of 14 units, custom constructed by the original ownership family and have never before been offered for sale to the marketplace. 7307 Milton Avenue and 7303 Penn Street are the subject properties offered for sale together. Many unit interiors have been upgraded with granite counter tops, new cabinetry,new flooring, lighting, plumbing fixtures, ceiling fans and two-tone paint. This 14 unit community is located in a prime Whittier location walking distance to uptown and offers any new owner stable workforce housing with attainable rental upside. Rental rates, including the renovated units are well below market levels which is very indicative of properties with long-term ownership. Roofs are pitched and approx. 10 years old; all dry-rot from fascia has been eliminated; most windows replaced. This acquisition affords any new investor a solid property consisting of well-constructed, directly adjacent buildings with expansive square footage in all floor-plans and the opportunity to generate a ~4.9% yield within a reasonable time frame as most of the units have been renovated and upgraded. ***Call the Listing Broker for a complete and detailed Offering Memorandum featuring interior pictures and proforma***

  • General Features
    • Number Of Separate Water Meters 2
    • Number Of Separate Electric Meters 16
    • Number Of Separate Gas Meters 2
    • Number Of Units Total 14
    • Property Condition Repairs Cosmetic,Updated/Remodeled
    • Year Built 1971
    • County Or Parish Los Angeles
    • Number Of Buildings 2
    • Community Features Curbs, Gutters, Sidewalks, Urban
  • Building Features
    • Appliances Dishwasher,Electric Range,Electric Cooktop,Disposal,Microwave,Water Heater Central
    • Architectural Style Traditional
    • Cooling Wall/Window Unit(s)
    • Exterior Features Rain Gutters
    • Fireplace Features Living Room,Raised Hearth
    • Foundation Details Slab
    • Heating Wall Furnace
    • Interior Features 2 Staircases
    • Laundry Features Community,Individual Room
    • Roof Composition, Shingle
  • Property Features
    • Lot Size Acres 0.32
    • Lot Features Corner Lot, Level with Street, Lot 10000-19999 Sqft
    • Pool Private Y/N 0
    • Pool Features None
    • View None
    • Parking Total 24.00

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Market Last 30 Days

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $3,599,000
6/14/2019 8:47:08 AM Status Changed Source New Value: Pending
6/6/2019 8:46:51 AM Price Reduced Source New Value: $3,599,000 -3.38%
4/3/2019 4:47:39 PM Price Reduced Source New Value: $3,725,000 -5.1%
3/18/2019 4:48:00 PM New in Database Source New Value: $3,925,000

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Based on information from California Regional Multiple Listing Service, Inc. as of 8/22/2019 2:56:20 PM. 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.