NOT LISTED FOR SALE

1434 N California Ave La Puente, CA 91744

5 Beds
2 Baths
16,110 Sq Ft
1987 Built

Last Sold November 01, 2012

Last sale price $2,850,000 $177 Per Sq Ft

8 Days on Market

About This Home

As of November 2012

1434 N. California Avenue offers investors the opportunity to acquire a well-maintained 17-unit apartment complex in the most desirable section of La Puente. Built in 1987 and situated on approximately 1 acre, the subject property is comprised of three buildings containing 16 two-bedroom/one-and one-half-bath townhouse style units estimated at 930 square feet, and one single-story, three-bedroom/one-and three-quarter-bath unit of approximately 1,230 square feet.

Building 1:
1 - 3B/1.75B - 1,230sf (Approximate)
4 - 2B/1.5B TH - 930sf (Approximate)

Building 2:
6 - 2B/1.5B TH - 930sf (Approximate)
Laundry Room

Building 3:
6 - 2B/1.5B TH - 930sf (Approximate)

Property Features:
Wood frame construction with stucco exterior, pitched comp roofs, laundry room w/ 2 washers and 2 dryers owned by building, 100-gallon hot water tanks servicing each bldg, gated and secure pedestrian entrance and parking area, ample parking w/ a total of 46 vehicles, including 12 open guest spaces.

Unit Features:
Central A/C and heating, dishwashers, gas ovens/stoves, double sinks in bathroom, walk-in closets, patios, ind. metered for electric and gas, balcony for two-bedroom units, 2 carports for two-bedroom units, 2-car attached garage for 3-bedroom unit.

Last Agent to Sell the Property

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 08/27/2012

Keller Williams Realty/Pasadena

Last Buyer's Agent

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 08/27/2012

Keller Williams Realty/Pasadena

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Parking

  • 2 Car Garage
  • 32 Carport Spaces

Home Design

  • 16,110 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 360
  • Tax Tract Number 606
  • Assessor Parcel Number 8471019023

Community Details

Overview

  • 3 Buildings
  • 17 Units

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,320
  • Gardener Expense $3,000
  • Insurance Expense $5,000
  • Maintenance Expense $18,320
  • Other Expense $4,250
  • Trash Expense $1,812
  • Water Sewer Expense $6,600
  • New Taxes Expense $37,000
  • Gross Income $21,810
  • Net Operating Income $158,731

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.38
  • Water Sewer Expenses: 6600.00
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 8471019023
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 176.91

Garage/Parking

  • Carport Spaces: 32.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 46.00

Utilities

  • Trash Expense: 1812.00

Multi Family

  • Average2 Bed Area: 930
  • Average3 Bed Area: 1230
  • Electric Expense: 1320.00
  • Gross Income: 21810.00
  • Gross Multiplier: 11.27
  • Gross Scheduled Income: 261720.00
  • Insurance Expense: 5000.00
  • Maintenance Expense: 18320.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 158731.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 17
  • Operating Expense: 89903.00
  • Other Expense: 4250.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 37000.00
  • Tax Lot: 360
  • Tax Tract Number: 606

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2012 11/01/12 Sold $2,850,000 -3.4% $177 / Sq Ft
09/04/2012 09/04/12 Pending -- -- --
08/27/2012 08/27/12 For Sale $2,950,000 -- $183 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin Lutz

    Seller's Agent in 2012

    Kevin Lutz

    Keller Williams Realty/Pasadena

    (626) 429-0685

    20 Total Sales

    Kevin Lutz
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: W12107238

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County La Puente 91744

1434 N California Ave, La Puente, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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