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$1,695,000

Beds
Unknown
sq ft
Unknown

7641 Bright Ave, Whittier, CA 90602

7641 Bright Ave

Whittier, CA 90602

  • 10 days on market
Exceptional investment opportunity in the heart of Whittier, California! This five-unit apartment property is situated in a prime rental location within a highly desirable market. The property features a single-story, 2-bedroom, 1-bathroom house and a two-story fourplex, offering four additional 1-bedroom, 1-bathroom units. Each unit is separately metered for gas and electricity, enhancing efficiency for both tenants and investors. The property offers six surface parking spots and shared laundry facilities, adding convenience for residents. Located just one block from Greenleaf Avenue, Whittier’s vibrant dining, retail, and entertainment district, this property also provides easy access to Friends Park, Whittier’s Civic Center, and is less than a half-mile from Whittier College. With current rents offering a 58% potential upside, this property presents an incredible value-add opportunity for investors seeking long-term growth in an outstanding rental market. Don’t miss this chance to acquire a versatile, well-located property with significant potential- schedule a showing today!

Details

Property type

Apartment

Est. home value

$1,435,744

Lot size

7,058 sq ft

Price per sq ft

Unknown

Year built

1946

Price History

01/13/2025
CRMLS

CRMLS #OC24245060

Listed
$1,695,000
+25.56%
03/31/2023
CRMLS

CRMLS #PW22260762

Sold
$1,350,000
+56.16%
01/13/2017
CLAW

CLAW #16175744

Sold
$864,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Credit Union Of Southern California

Loan start date

March 2023

Original loan amount

$770,000

Est. remaining balance

Not provided

Interest rate

5.17%

Loan type

Commercial, 10 year

Seller

Bimal V Patel and Shefall Patel

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 8:05 PM

Listing updated: 01/13/2025 at 8:39 PM

Listed by: Prashant Sampat, Pacific Avenue Realty Phone #: (949) 385-3234

MLS: CRMLS #OC24245060

CRMLS logo

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