4 months on rocket

5860 Whittier Blvd, Los Angeles, CA, 90022

$1,895,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
8,868 SqFt
$214/SqFt
House
Schools Nearby

Location

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5860 Whittier Blvd, Los Angeles$1,895,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1929
HeatingWall Furnace
CoolingNone
MLS #23337761
Lot Size0.12 Acres
StatusActive

About 5860 Whittier Blvd

We are proud to present a 10-unit mixed use investment opportunity in East Los Angeles. The offering is an exceptional opportunity to purchase 2 retail and 8 apartment units in an affordable and growing submarket adjacent to Montebello and situated on an iconic Los Angeles area street only 15 minutes from Downtown Los Angeles. 5860 Whittier Blvd, is a value-add investment property positioned for growth in a growing submarket. The offering includes a mix of 4 x 1-bed/1-bath, 4 x studio/1-bath apartments, and two retail spaces. Built in 1929 during Los Angeles' most significant architectural period, the property is an 8,868 Sq. Ft. building on 5,100 lot. The property is separately metered for gas and electric with five of the units featuring an outdoor patio.The East Los Angeles submarket, borders Montebello, South San Gabriel, and enjoys ease of access within 5 minutes to all of Los Angeles' major highways including the 5,10,60, 101, and the 710. As these surrounding markets continue to gentrify and become redeveloped East Los Angeles will follow suit as the affordable option for city dwellers. 5860 Whittier is positioned for a buyer with a new business plan to continue to grow rents and add value. Property may be delivered with 2 vacancies. Also, please note, Type 3 unit are the first floor retail rents. Also available is a 20 car parking lot two parcels west from the subject property, separately available for $415k.

Property Details

Property Features

Property Information:

  • Year Built: 1929
  • Stories: 2
  • Living Area: 8,868 SqFt

Listing Office:

  • Office Name: CB Richard Ellis, Inc.
  • Listing Agent: Manny Nunez

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Schurr High School, Public District Grades 9-12
  • Eastmont Intermediate School, Public District Grades 6-8
  • Montebello Park Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: South of the 60 freeway, West of The 605, North of the 5, and East of the 710 on Whittier Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,895,000
  • Price Per SqFt: $214/SqFt

Tax Information:

  • Annual Amount: $9,543
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

5860 Whittier Blvd vs Los Angeles

145 DAYS ON ROCKET

+111 Days

$1,895,000

+$919K More

$214/SqFt

-$414 Less

KEY TAKEAWAY

This property is $919K more than the Median Sold Price and $414/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23337761

Listing Office:

  • Office Name: CB Richard Ellis, Inc.
  • Listing Agent: Manny Nunez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 9:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 26, 1991Home Sold
$248,500

Tax History

YEARPROP. TAXASSESSMENT
2021$9,543$478,531
2020$9,258$473,031
2019$9,279$463,757
2018$9,062$454,665
2017$9,062$445,751

History based on county public records data.

Payment Calculator

$9,525

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,748

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3356459
4
/10

  • Montebello Park Elementary School

  • 6300 Northside Dr

  • 0.56 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3356460
4
/10

  • Eastmont Intermediate School

  • 400 Bradshawe St

  • 0.47 miles

  • Public District Grades 6-8

High School

school-card-donut-3356461
3
/10

  • Schurr High School

  • 820 N Wilcox Ave

  • 1.43 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,010. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5860 Whittier Blvd

What is the listing price of this property?

The listing price of 5860 Whittier Blvd property is $1,895,000.

What type of property is this?

The property 5860 Whittier Blvd is a house located in Los Angeles, California, 90022.

Is this property for sale now?

Active Listing: 5860 Whittier Blvd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5860 Whittier Blvd are:
Montebello Park Elementary School: GreatSchools Rating 4/10
Eastmont Intermediate School: GreatSchools Rating 4/10
Schurr High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,543 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 26, 1991 for $248,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5860 Whittier Blvd has 8 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 5860 Whittier Blvd is 8,868 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5860 Whittier Blvd is 1929.

Rocket Homes›California›Los Angeles County›Los Angeles›90022›5860 Whittier Blvd

This home is located at 5860 Whittier Blvd in Los Angeles, CA and zip code 90022 in the The Eastside neighborhood. This 8,868 square foot home, which was built in 1929, sits on a 0.12 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since December 06, 2023 and is currently priced at $1,895,000.

Los Angeles, CA housing market in March 2024 saw over 628 listings sold above listed price, more than 196 sold at listed price and over 579 sold below. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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