Homes For Sale in Whittier Under $400,000
Today there are 328 homes Whittier that are listed for sale under $400,000.
Of those homes for sale in Whittier, 54 of them are condominiums and 274 of them are single family residences.
In addition to these 328 homes for sale in Whittier, there are also 21 properties that are listed as income producing properties, or rentals that are also priced below $400,000, including duplexes, triplexes or other types of multi-family dwellings, such as 2 houses on a lot.
I know of one Whittier property that sold in 2007 for $769,000 that is now listed as a short sale for $399,000. It has two houses on a lot, as well as a nice large swimming pool for the main house. Combine that low price with the outrageously low interest rates, and you can buy a Whittier property with two houses on a lot for a lot less than just 3 years ago.
An FHA loan in 2007, at 7% interest rate would have made the payments over $6,300 per month.
An FHA loan today, at 4.5% interest rate would make payments less than $2,700 per month.
Buy both houses and rent one of them out.
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