Seller's Agent in 2023
Kristopher German
RE/MAX
(909) 645-0443
2 in this area
123 Total Sales
14625 Nelson Ave La Puente, CA 91744
6
Beds
5
Baths
2,801
Sq Ft
9,997
Sq Ft Lot
About This Home
As of December 2023We are pleased to offer for sale this 5 Unit multi-family residential investment property in the city of La Puente. This standout offering is priced to sell, boasting a significant upside of over 30% in rental income, making it an ideal addition for investors seeking cash-flow. The property includes a mix of one 2-bedroom/1-bathroom unit, and four 1-bedroom/1-bathroom units. Each unit is separately metered for electricity and gas, while the owner pays for water and trash. Tenants enjoy the convenience of onsite parking with both garage and car-port options, ensuring ample space for vehicles. Situated on a spacious 10,000 square-foot lot, the property offers ample outdoor space and holds potential for Accessory Dwelling Unit (ADU) conversion, which could add value and increased rental income (buyer to check with proper city authorities.) The city of La Puente does not have any specific local city rent control offering ease of management in this regard. With a current 5.17% CAP Rate and a 13 Gross Rent Multiplier (GRM), the subject property offers a solid return on investment.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 11/20/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 9,999 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 5 Open Parking Spaces
- 2 Car Garage
- 4 Carport Spaces
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 2,801 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 431
- Tax Tract Number 606
- Assessor Parcel Number 8210001022
- $1,880 per year additional tax assessments
Community Details
Overview
- 5 Units
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,500
- Maintenance Expense $3,750
- Other Expense $750
- Trash Expense $3,864
- Water Sewer Expense $2,100
- New Taxes Expense $13,153
- Operating Expense $26,117
- Gross Income $88,272
- Net Operating Income $59,507
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/20/2023 12/20/23 | Sold | $1,200,000 | +4.3% | $428 / Sq Ft | |
| 11/30/2023 11/30/23 | Pending | -- | -- | -- | |
| 11/20/2023 11/20/23 | For Sale | $1,150,000 | +40.2% | $411 / Sq Ft | |
| 09/09/2016 09/09/16 | Sold | $820,000 | -0.6% | $293 / Sq Ft | View Prior Sale |
| 06/16/2016 06/16/16 | Pending | -- | -- | -- | |
| 04/28/2016 04/28/16 | For Sale | $825,000 | -- | $295 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,778 | $1,224,000 | $664,020 | $559,980 |
| 2024 | $15,778 | $1,200,000 | $651,000 | $549,000 |
| 2023 | $12,361 | $914,722 | $365,889 | $548,833 |
| 2022 | $12,023 | $896,787 | $358,715 | $538,072 |
| 2021 | $11,820 | $879,204 | $351,682 | $527,522 |
| 2019 | $11,502 | $853,127 | $341,251 | $511,876 |
| 2018 | $11,118 | $836,400 | $334,560 | $501,840 |
| 2016 | $6,553 | $488,036 | $218,079 | $269,957 |
| 2015 | $6,436 | $480,706 | $214,804 | $265,902 |
| 2014 | -- | $471,291 | $210,597 | $260,694 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23214270
APN: 8210-001-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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