7052 Bright Avenue, Whittier, California 90602, Whittier, 90602 - bed, bath
ACTIVE UNDER CONTRACT$849,000
7052 Bright Avenue, Whittier, California 90602
0Bed
0Bath
2,212Sqft
6,549Lot
Year Built
1903
Close
-
List price
$849K
Original List price
$849K
Price/Sqft
$384
HOA
-
Days on market
-
Sold On
-
MLS number
CV25032825
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $849.0K(25th), sqft - 2212(50th), beds - undefined(50th), baths - undefined(50th).
This is a Short Sale transaction subject to Lender Approval. Property is very bad condition and may not qualify for financing. This is a Duplex with 2 separate buildings. 7052 is the front unit with 4 bedrooms and 2 bathrooms. 7054 is the back unit with 1 bedroom and 1 bathroom. ***A Notice of Violation has been served to occupants from Whittier Police Department (see supplement)***
Price History
Date
Event
Price
02/13/25
Listing
$849,000
11/13/23
Sold
$927,000
Condition Rating
Poor
The property, built in 1903, is explicitly described as being in 'very bad condition' and 'may not qualify for financing,' indicating substantial defects. Images reveal a blue tarp covering a portion of the roof on one unit, suggesting significant structural or water damage. The interior photos show extreme clutter, damaged walls, and general disarray, with no evidence of recent renovations. A 'Notice of Violation' from the Whittier Police Department further confirms serious issues. While not explicitly stated as 'beyond repair,' the property requires extensive and costly rehabilitation to address safety, soundness, and structural integrity, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: The property is configured as a duplex with two separate units (4 bed/2 bath and 1 bed/1 bath), offering significant potential for rental income or multi-generational living.
Desirable Location: Situated in Whittier, a well-established and generally sought-after city, which can contribute to long-term value appreciation.
Generous Lot Size: With a lot size of 6549 sqft, the property provides ample space for potential landscaping, outdoor amenities, or future expansion (subject to local zoning regulations).
Historic Character Potential: Built in 1903, the property possesses inherent historic charm and architectural character that, with extensive renovation, could be restored and highly valued.
Investment Opportunity: As a short sale, it presents a potential opportunity for investors or cash buyers to acquire a property at a potentially discounted price, assuming they are prepared for the complexities and renovation.
Cons
Extremely Poor Condition & High Renovation Costs: The property is explicitly described as being in 'very bad condition,' indicating extensive and costly repairs, renovations, and potential structural issues are mandatory.
Significant Financing Obstacles: The statement 'may not qualify for financing' drastically reduces the buyer pool to cash buyers or those with specialized, harder-to-obtain renovation loans.
Legal/Code Violations & Short Sale Complexity: A 'Notice of Violation has been served to occupants from Whittier Police Department' indicates immediate legal or code compliance issues, compounded by the inherent delays and uncertainties of a short sale transaction subject to lender approval.