NOT LISTED FOR SALE

1502 Otterbein Ave La Puente, CA 91748

4 Beds
2 Baths
5,020 Sq Ft
0.49 Acres

Last Sold January 05, 2016

Last sale price $1,200,000 $239 Per Sq Ft

10 Days on Market

About This Home

As of January 2016

We are pleased to exclusively offer for sale this 6 unit investment property located in the Rowland Heights/La Puente community. The subject property is comprised of six single story 2-Bedroom / 1-Bathroom room units of which are situated on a large 21,451 square foot lot. Of the six units two of them have their own 2-Car garages, while the remaining four units have one car garages. Each unit has interior laundry hookups and is separately metered for electricity and gas. Property is located in a very desirable rental community right off of Colima Road. Seller will offer private financing with a minimum 25% down payment, at 4.5% interest only payments fixed for 10 years. Property is located in the Rowland Unified School District which encompasses high performing schools with following achievements, National Blue Ribbon Schools, California Distinguished School Awards and International Baccalaureate World Schools.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 10/26/2015

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 10/26/2015

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.49 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 5,020 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 029
  • Tax Tract Number 26
  • Assessor Parcel Number 8761026029

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,009
  • Maintenance Expense $5,198
  • Other Expense $1,200
  • Trash Expense $1,250
  • Water Sewer Expense $1,800
  • New Taxes Expense $13,661
  • Gross Income $49,145
  • Net Operating Income $49,145

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 8761026029
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 239.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1250.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 21451.00
  • Price Per Lot Square Foot: 55.94
  • Lot Size Acres: 0.4920

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 49145.00
  • Gross Multiplier: 15.67
  • Gross Scheduled Income: 76560.00
  • Insurance Expense: 2009.00
  • Lot Size Area: 21451.0000 Square Feet
  • Maintenance Expense: 5198.00
  • Net Operating Income: 49145.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 25118.00
  • Other Expense: 1200.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 6380.00
  • Vacancy Allowance: 2297

Tax Info

  • New Taxes Expense: 13661.00
  • Tax Lot: 029
  • Tax Tract Number: 026

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 Change Sq Ft Price
01/05/2016 01/05/16 Sold $1,200,000 0.0% $239 / Sq Ft
11/05/2015 11/05/15 Pending -- -- --
10/26/2015 10/26/15 For Sale $1,200,000 -- $239 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2016

    Kristopher German

    RE/MAX

    (909) 645-0443

    118 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15233634

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County La Puente 91748

1502 Otterbein Ave, La Puente, CA

This home is located at 1502 Otterbein Ave, La Puente, CA 91748 since 26 October 2015. This property was built in 1963. 1502 Otterbein Ave is a home located in Los Angeles County with nearby schools including Ybarra Academy For The Arts And Technology, John A. Rowland High School, and California University Preparatory School.

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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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