7718 Bright Avenue

Whittier, CA 90602

$1,550,000
Price
4
Beds
4
Baths
2,762 Sq. Ft.
$561 / Sq. Ft.
2,762
Sq. Ft.
$561
per Sq. Ft.

Description

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...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.
  1. Listed by Steven Bogoyevac • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
  2. Listed by David O'Keefe • DRE #01928739 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 7718 Bright Avenue

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2762
Assessor Parcel Number
8141-030-008
Property Attached YN
false

Location

Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755; Marcus & Millichap, David O'Keefe, DRE #01928739
Add your commute
LISTING UPDATED: 02/09/2024 10:25 PM

Property Details for 7718 Bright Avenue

StatusActive
MLS #PW24027670
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.16 AC / 7,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755; Marcus & Millichap, David O'Keefe, DRE #01928739
Add your commute

Building Information for 7718 Bright Avenue

Stories1Residences-Year Built1923Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$9,674 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$1,215

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7718 Bright Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $101,340
  • Gross Scheduled Income: $101,340
  • Net Operating Income: $69,786
Expense Details
  • Operating Expense: $28,514
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $28,514
Tax / Assessment Info
  • Tax Tract Number: n/a
  • Tax Census Tract: 5018.04
  • CFD/Mello-Roos Fee: $1,312
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,623
  • Unit Type Total Rent: $5,245
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 7718 Bright 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 7718 Bright Avenue

Taxable ValueLand$828,240Additions$354,960Total$1,183,200
Tax Record2023$14,584 ($1,215 / month)
Home Facts
Total Finished SqFt2,762 SqFtAbove Grade Finished SqFt2,762 SqFtLot Size7,000 SqFtStyleTriplexYear Built1923ZoningWHR3*CountyLOS ANGELESAPN8141-030-008

Schools near 7718 Bright 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 - 9 to 12
Rating
School
Distance
Lydia Jackson Elementary School
PublicK to 5

Walter F. Dexter Middle School
Public6 to 8

Whittier High School
Public9 to 12

Sierra Vista High (Alternative) School
Public9 to 12

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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7718 Bright Avenue is a multi-family home for sale in Whittier, CA 90602. This property was listed for sale on February 9, 2024 by Steven M. Bogoyevac, Broker, it's currently listed at $1,550,000. It has been on the market for a total of 83 days and was last sold on June 29, 2022. This listing's school districts are Whittier City Elementary School District, Whittier Union High School District. Nearby schools include Lydia Jackson Elementary School, Walter F. Dexter Middle School and Whittier High School. 7718 Bright Avenue is a 4-bed, 4-bath, 2,762 sqft multi-family home built in 1923.

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 Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755; Marcus & Millichap, David O'Keefe, DRE #01928739

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.