Duplex in Distressed
For Sale
$849,000
Pending
7052 Bright Avenue, Whittier, CA 90602
Duplex with two separate buildings in very bad condition.
Property Size2,212 SF
Days on Market608
Property Features for 7052 Bright Avenue
General Information
Standard status
Pending
Size
2,212 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
Assessor
Net Operating Income
$38,124
Building Details
Year Built
1903
Buildings
2
Units
2
Listing Agency:
Platinum Realty & Mortgage Gro
Listed By:
Nicholas Schwartz · License #01814783
(626) 246-0040
Source:
Compass
Added: Feb 11, 2025
Changed: Oct 2
Last Checked: Oct 11 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platinum Realty & Mortgage Gro
Investment Insights
Based on property information with market context.
This duplex property consists of two separate buildings. The front unit, located at 7052, features 4 bedrooms and 2 bathrooms. The back unit, located at 7054, includes 1 bedroom and 1 bathroom. The property is in very bad condition and may not qualify for financing. A Notice of Violation has been served to occupants from the Whittier Police Department.
Key Highlights
- Duplex with two separate buildings
- Front unit (7052) featuring 4 bedrooms and 2 bathrooms
- Back unit (7054) with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,629
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,580
$772.6K
Cap Rate 7%
$551,843
$551.8K
Cap Rate 9%
$429,211
$429.2K
Market Conditions
NOI Build-Up for 2,212 SF
Gross rent
$59.7K $27.00/SF
− Vacancy
−$4.5K −$2.05/SF
EGI
$55.2K $24.95/SF
− OpEx
−$16.6K −$7.48/SF
NOI
$38.6K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,580
Cap Rate 7%
$551,843
Cap Rate 9%
$429,211
Alternative Uses
Best Use
Multifamily LT 5
$551.8K
$482.9K – $643.8K
NOI $38,629 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$508.5K
$444.9K – $593.2K
NOI $35,593 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,901 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,622
Businesses Nearby
Explore this area
Business Placement
Demographics for 90602, CA
25,521
Population
8,514
Households
3
Avg Household Size
36
Median Age
22%
College-Educated
85%
High-School Grad
3.8 sq mi
ZIP Area
6,716
Density / Sq Mi
$67,259
Median Household Income
$37,237
Median Earnings
$1,719
Median Rent
$729,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two separate buildings in very bad condition.
Where is this duplex located?
The property is located at 7052 Bright Avenue Whittier, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Duplex with two separate buildings; Front unit (7052) featuring 4 bedrooms and 2 bathrooms; Back unit (7054) with 1 bedroom and 1 bathroom
