6511 Painter Avenue

Whittier, CA 90601

$1,260,000
Last Sold Price
4
Beds
6
Baths
2,920 Sq. Ft.
$432 / Sq. Ft.
2,920
Sq. Ft.
$432
per Sq. Ft.

Description

We are pleased to offer for sale this 6 unit multi-family investment located in the highly desirable rental community of "Uptown" Whittier. Located in a primarily single family residential neighborhood, but just minutes to shops, dining, and various retail, "Uptown" Whittier offers a Grade A location for tenants looking for convenience and entertainment. The subject property is attractively priced at a 5.48% current CAP Rate, and 13.2 GRM, taking into account the current rental rates in place. The...We are pleased to offer for sale this 6 unit multi-family investment located in the highly desirable rental community of "Uptown" Whittier. Located in a primarily single family residential neighborhood, but just minutes to shops, dining, and various retail, "Uptown" Whittier offers a Grade A location for tenants looking for convenience and entertainment. The subject property is attractively priced at a 5.48% current CAP Rate, and 13.2 GRM, taking into account the current rental rates in place. The unit mix is comprised of 1(2Bed/1Bath), 2 (1Bed/1Bath)s, and 3 Studio units. Each unit is separately metered for electricity and gas, and the tenants enjoy onsite garage parking. Some upgrades have been made to the interiors of the units such as laminate floors and granite counters.
  1. Listed by KRISTOPHER GERMAN • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY

Property Details for 6511 Painter Avenue

Parking Spaces Total
5
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2920
Assessor Parcel Number
8139-001-030
Property Attached YN
true

Location

Listing Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN, DRE #01800021

Sold By Alden Pacific Investments, Inc., Vincent Cook, DRE #02012324

Add your commute
LISTING UPDATED: 09/24/2021 10:17 AM

Property Details for 6511 Painter Avenue

StatusClosed
MLS #CV21067959
Days on Market111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.15 AC / 6,629 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN, DRE #01800021

Sold By Alden Pacific Investments, Inc., Vincent Cook, DRE #02012324

Add your commute

Building Information for 6511 Painter Avenue

Stories2Residences-Year Built1940Building Size-Lot Size0.15 AC / 6,629 SF

Payment Calculator

$8,215 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,876

Property Taxes

$1,339

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6511 Painter Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $96,600
  • Gross Scheduled Income: $96,600
  • Vacancy Allowance: 2898
  • Gross Operating Income: $93,702
  • Net Operating Income: $69,876
  • Gross Multiplier: 13.2
  • Cap Rate: 5.48
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $23,826
  • New Taxes Expense: $14,318
  • Fuel Expense: $1,200
  • Electric Expense: $0
  • Insurance Expense: $1,168
  • Maintenance Expense: $3,000
  • Professional Management Expense: $0
  • Other Expense: $900
  • Other Expense Description: Reserves
  • Trash Expense: $1,500
  • Water Sewer Expense: $1,740
  • Total Expenses: $23,826
Tax / Assessment Info
  • Tax Block: I
  • Tax Tract Number: 030
  • Tax Census Tract: 5015.04
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Lot 6500-9999
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $1,050
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $950
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 6511 Painter Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6511 Painter Avenue

Taxable ValueLand$706,860Additions$578,340Total$1,285,200
Tax Record2023$16,070 ($1,339 / month)
Home Facts
Total Finished SqFt2,920 SqFtAbove Grade Finished SqFt2,920 SqFtLot Size6,630 SqFtStyleQuadraplexYear Built1918ZoningWHC0UD*CountyLOS ANGELESAPN8139-001-030

Schools near 6511 Painter Avenue

This home is within Whittier City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Lou Henry Hoover Elementary School
PublicK to 5

Walter F. Dexter Middle School
Public6 to 8

Whittier High School
Public9 to 12

Whittier Independent Study
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN, DRE #01800021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.