Jane Yim
Real Broker
(562) 379-6695
36 Total Sales
2 in La Puente
$785,000 Price Range
14625 Nelson Ave La Puente, CA 91744
La Puente Area
6
Beds
5
Baths
2,801
Sq Ft
9,999
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
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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 in unit
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
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
Additional Features
- 5 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in La Puente, CA
-
Jane Yim
-
Lissette Quintanilla
Lissette Quintanilla
Century 21 Primetime REALTORS
(909) 639-4495
16 Total Sales
1 in La Puente
$950,000 Price
-
Mark Lear
Mark Lear
WERE Real Estate Inc
(657) 223-8121
354 Total Sales
2 in La Puente
$680K - $730K Price Range
-
Richard Valderrama Calle
Richard Valderrama Calle
The Dara Group Inc.
(747) 250-7467
44 Total Sales
1 in La Puente
$765,000 Price
-
Gerry Nicks
Gerry Nicks
Responds QuicklyKeller Williams Realty
(424) 370-0766
164 Total Sales
1 in La Puente
$630,000 Price
-
Jimmy Tong
Jimmy Tong
A + Realty & Mortgage
(626) 624-5498
20 Total Sales
2 in La Puente
$621K - $690K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,200,000 | Fidelity Title | ||
| Castro Consuelo M | $820,000 | Fidelity Title Company | |
| New Vision Management Llc | -- | None Available | |
| Lai Chia Hung | -- | Old Republic Title Company | |
| Lai Chia Hung | $360,000 | Fidelity National Title Co | |
| Mittal Pooja | -- | None Available | |
| Goel Alok | $625,000 | Fidelity National Title Co | |
| Casarez Fabian | -- | -- | |
| Ybarra E German | $355,000 | Security Union Title | |
| Casarez Fabian | $28,500 | North American Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $500,000 | ||
| Previous Owner | Lai Chia Hung | $200,000 | |
| Previous Owner | Goel Alok | $315,000 | |
| Previous Owner | Goel Alok | $500,000 | |
| Previous Owner | Ybarra E German | $241,000 | |
| Previous Owner | Casarez Fabian | $166,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $16,346 | $1,248,479 | $677,300 | $571,179 |
| 2025 | $16,346 | $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
Seller's Agent in 2023
Kristopher German
RE/MAX
(909) 645-0443
130 Total Sales
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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