12429 Lambert Road 12423, Whittier, California 90606, Whittier, 90606 - 10 bed, 5 bath
ACTIVE$1,800,000
12429 Lambert Road 12423, Whittier, California 90606
10Beds
5Baths
4,810Sqft
18,655Lot
Year Built
1929
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$374
HOA
-
Days on market
-
Sold On
-
MLS number
DW25039391
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.80M(67th), sqft - 4810(67th), beds - 10(67th), baths - 5(67th).
COME TAKE A LOOK AT THESE 4 BEAUTIFULLY REMODELED UNITS LOCATED IN THE CITY OF WHITTIER. DO NOT MISS OUT ON THIS AMAZING OPPORTUNITY TO ADD TO YOUR PORTFOLIO. THIS PROPERTY COSISTS OF 3 UNITS BEING 2 BED/1 BATH AND THE 4TH UNIT BEING 4 BEDS/3 BATH. LARGE LOT WITH PLENTY OF PARKING AND EACH UNIT HAS ITS OWN YARD SPACE. THIS PROPERTY IS NEAR SHOPPING CENTERS, SCHOOLS, PARKS, ENTERTAINMENT, AND SO MUCH MORE. SEE YOU IN ESCROW!
Price History
Date
Event
Price
04/12/22
Sold
$1,300,000
Condition Rating
Good
While built in 1929, the listing explicitly states 'beautifully remodeled units,' and the provided images strongly support this. The kitchens and bathrooms feature modern white shaker cabinets, contemporary countertops, new flooring (LVP/laminate in kitchen, tile in bathroom), and updated fixtures, making them move-in ready. Recessed lighting is visible in the kitchen. However, the property's significant age and the lack of specific details regarding the recency and extent of renovations for all major systems (e.g., plumbing, electrical, HVAC, roof) across all units prevent an 'Excellent' rating. There's an inherent potential for underlying issues in a structure of this age, despite cosmetic updates.
Pros & Cons
Pros
Income-Generating Asset: This quadruplex property offers four units (three 2-bed/1-bath and one 4-bed/3-bath), providing significant rental income potential and a valuable addition to an investment portfolio.
Recently Remodeled Units: The property features 'BEAUTIFULLY REMODELED UNITS,' suggesting updated interiors that can attract quality tenants and potentially command higher rental rates.
Diverse Unit Mix: The inclusion of a spacious 4-bed/3-bath unit alongside three 2-bed/1-bath units caters to a broader tenant demographic, from smaller families to larger households, enhancing occupancy potential.
Ample Parking & Private Yard Space: A large lot provides 'PLENTY OF PARKING AND EACH UNIT HAS ITS OWN YARD SPACE,' which are highly desirable amenities for tenants, especially in a multi-unit property.
Desirable Location: The property is conveniently located in Whittier, 'NEAR SHOPPING CENTERS, SCHOOLS, PARKS, ENTERTAINMENT,' indicating strong tenant demand due to accessibility to amenities.
Cons
Age of Construction: Built in 1929, the property is nearly a century old. While remodeled, there's potential for underlying infrastructure issues (e.g., plumbing, electrical, foundation) that may not have been fully updated or could require future capital expenditures.
Lack of Specific Remodel Details: The description states 'beautifully remodeled' but lacks specifics on the extent or recency of renovations (e.g., roof, HVAC, major systems), creating uncertainty about the property's long-term maintenance needs and capital expenditure planning.
Significant Price Appreciation: The current list price of $1.8M represents a substantial increase from its last recorded sale price of $1.3M, which could indicate an aggressive pricing strategy or potential overvaluation, impacting immediate return on investment.