7052 Bright Avenue, Whittier, California 90602, Whittier, 90602 - 0 bed, 0 bath
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Whittier, California 90602
This Residential Income Duplex represents a high-stakes Value-Add Opportunity in Whittier, featuring a List Price of $849,000 and a Fair Market Value of $734,412. Built in 1903, the asset is in Extremely Poor Condition and carries a Notice of Violation, signaling a complex restoration process. However, the 6,549 sqft lot with a patio and dual-building configuration offer significant long-term ROI, consistent with high demand for multi-unit assets in the area. This Short Sale is an ideal acquisition for Fix-and-Flip Investors or Contractors focused on historic redevelopment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7052 Bright Avenue Subject | $849,000* List Price | 0 | 0 | 2,212 | $332 | - |
A 7928 Milton Pending | $949,000 List Price | 0 | 0 | 2,523 | $376 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1903, this property is explicitly described as being in 'very bad condition' and has received a 'Notice of Violation' from the police department, indicating significant safety or code issues. The images confirm severe neglect and disrepair, including a tarp on one roof, extensive wall cracks, extremely dirty and damaged flooring, an old and potentially faulty water heater, and general unlivable conditions. The property appears to be beyond economical repair, with its value likely residing solely in the land.
The property features two separate buildings (4 bed/2 bath and 1 bed/1 bath), offering a versatile residential income opportunity with distinct living spaces.
With two separate units, the property presents significant rental income potential, appealing to investors or multi-generational families.
Built in 1903, the property possesses inherent historic charm and architectural character, offering a unique canvas for restoration.
Explicitly described as being in 'very bad condition,' necessitating extensive and costly renovations throughout the entire property.
The transaction is a short sale requiring lender approval, and the property's condition may prevent conventional financing, severely limiting the buyer pool.
A 'Notice of Violation' from the Whittier Police Department indicates existing legal or code compliance issues that require immediate attention and resolution.
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)***
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,212 | 2,243 | 50% |
| Lot Size | 6,549 | 6,846 | 36% |
| Price | $849.0K | $907.5K | 21% |
| Price per sq ft | $384 | $423 | 36% |
| Built year | 1903 | 1931 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 433 | 221 | 0% |
Feb 13, 2025
$849,000
Initial Listing
Nov 13, 2023
$927,000
Public Record