8720 Villa Drive, Whittier, California 90602, Whittier, 90602 - bed, bath

8720 Villa Drive, Whittier, California 90602 home-pic-0
ACTIVE$950,000
8720 Villa Drive, Whittier, California 90602
0Bed
0Bath
2,200Sqft
5,593Lot
Year Built
2011
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$432
HOA
-
Days on market
-
Sold On
-
MLS number
WS25022149
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $950.0K(50th), sqft - 2200(50th), beds - undefined(50th), baths - undefined(50th).

Discover this exceptional two-unit multifamily investment opportunity nestled in the vibrant City of Whittier. Situated on a quiet residential street, 8720 Villa Dr. offers the perfect blend of suburban tranquility and urban convenience, making it an ideal addition to any investor’s portfolio or a great opportunity for an owner-user seeking supplemental income. Front Unit has 2-bedrooms, 2 bathrooms and the back unit boasts 3-bedroom, 2-bathroom layouts with the extra bonus bedroom requiring permit, designed for comfortable living with ample natural light flowing through large windows. The property features a spacious driveway with ample parking leading to a two-car garage. A spacious and private backyard provides a serene outdoor space, perfect for relaxation or entertaining, while a charming front patio adds curb appeal and a welcoming touch. Strategically located, this property is less than 4 miles from Whittier College, making it an attractive option for student renters or faculty. Outdoor enthusiasts will appreciate the proximity to Hellman Park, known for its scenic hiking trails and panoramic views. For commuters, the property offers easy access to the 605 Freeway and is conveniently close to the Santa Fe Springs Metrolink Station, providing quick connections to Los Angeles and Orange County. The bustling retail and dining hubs of Norwalk and Uptown Whittier are just minutes away, offering a vibrant mix of entertainment, shopping, and cultural experiences. Whittier’s rich history, thriving community, and central location make it a highly desirable area for renters and homeowners alike. Whether you choose to live in one unit and rent out the other, or fully lease both for a steady income stream, 8720 Villa Dr. presents a versatile and promising investment opportunity in one of Southern California’s upcoming neighborhoods.

Price History

Date
Event
Price
06/14/22
Sold
$925,000
09/17/08
Sold
$170,000
06/10/97
Sold
$50,000
Condition Rating
Good

The property was built in 2011, making it 13 years old, which falls within the 'Good' category's age range (10-20 years). The interior images, including the kitchen and bathroom, show well-maintained spaces with finishes and styles consistent with its build year. The kitchen features wood cabinets and black appliances, while the bathroom has a wood vanity and tiled shower/tub. While clean and functional, these areas reflect a contemporary style from the early 2010s rather than a recent, extensive renovation. Flooring is a mix of tile and laminate, appearing in good condition. The property appears move-in ready with no immediate renovation required, and major systems are likely functional and within their expected lifespan.
Pros & Cons

Pros

Multifamily Investment Opportunity: This property is explicitly presented as an exceptional two-unit multifamily investment, ideal for investors or owner-users seeking supplemental income.
Modern Construction: Built in 2011, the property is relatively new, suggesting modern building standards and potentially lower immediate maintenance concerns compared to older homes.
Strategic Location & Accessibility: Located on a quiet residential street with excellent access to the 605 Freeway, Santa Fe Springs Metrolink, Whittier College, Hellman Park, and vibrant retail/dining hubs in Norwalk and Uptown Whittier.
Desirable Outdoor & Parking Amenities: Features a spacious driveway with ample parking, a two-car garage, a private backyard, and a charming front patio, enhancing livability and tenant appeal.
Strong Rental Market Appeal: Situated in Whittier, described as a 'vibrant City,' 'highly desirable area,' and 'upcoming neighborhood' in Southern California, indicating strong demand for rentals.

Cons

Unpermitted Bonus Bedroom: The back unit includes an 'extra bonus bedroom requiring permit,' which could lead to legal compliance issues, additional costs for legalization, or challenges with financing and appraisal.
Lack of Specific Unit Condition Details: The description lacks specific information regarding the interior condition, finishes, or recent upgrades of the individual units, which may necessitate further inspection and potential capital expenditure post-purchase.
Potential for Tenant Management & Vacancy: As an income property, success is reliant on tenant occupancy. The listing does not specify current occupancy status, implying potential for immediate vacancy costs or the need for active tenant placement and ongoing management.

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