NOT LISTED FOR SALE

15500 Mulvane St La Puente, CA 91744

10 Beds
5 Baths
4,032 Sq Ft
15,540 Sq Ft Lot

Last Sold September 28, 2017

Last sale price $960,000 $238 Per Sq Ft

31 Days on Market

Highlights

  • 15,540 Sq Ft lot
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of September 2017

Terrific investment opportunity priced to sell. Conveniently located in La Puente between City of Industry and West Covina. Just a short walk to schools, post office, shopping, restaurants, and park. Private gated single story 5-unit income property with 4-plex and a single story house. Each identical unit is 2 bedroom and 1 bath, with its own front and back patio, and laundry hook-up. 5 covered carport spaces, with one car garage currently used as storage. Ample on-site parking spaces for tenants. the owner hasn't raised rents for years; current rents are under market. Plenty of upside income potential.
Huge 15,540 sq ft lot-check with the City regarding possible future development. Low maintenance costs-owner pays water and trash only.
Offer subject to interior inspection.

Last Agent to Sell the Property

January Lee

Coldwell Banker Envision License #01095604 Listed on: 07/28/2017

Coldwell Banker Envision

Last Buyer's Agent

Kevin Lee

Coldwell Banker Envision License #01720786

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.36 Acre Lot
  • 1 Common Wall

Parking

  • 1 Car Garage
  • 5 Carport Spaces

Home Design

  • 4,032 Sq Ft Home
  • Property Attached

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 33
  • Tax Tract Number 21198

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Valley

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,300
  • Trash Expense $1,836
  • Water Sewer Expense $3,600
  • New Taxes Expense $12,000
  • Operating Expense $17,245
  • Net Operating Income $54,364

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.36 Acres

Parking

1

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LPR3*
  • Property Type: Residential Income
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl
  • Levels: One
  • Price Per Square Foot: 238.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1836.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15540.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 68100.00
  • Insurance Expense: 2300.00
  • Net Operating Income: 54364.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 13736.00
  • Rent Control: No
  • Total Expenses: 17245.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 4076.02
  • Tax Lot: 33
  • Tax Tract Number: 21198
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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
09/28/2017 09/28/17 Sold $960,000 -3.0% $238 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
08/21/2017 08/21/17 For Sale $990,000 +3.1% $246 / Sq Ft
08/18/2017 08/18/17 Off Market $960,000 -- --
07/29/2017 07/29/17 For Sale $990,000 +3.1% $246 / Sq Ft
07/29/2017 07/29/17 Off Market $960,000 -- --
07/28/2017 07/28/17 For Sale $990,000 -- $246 / 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 $16,985 $1,300,839 $796,478 $504,361
2024 $16,985 $1,275,333 $780,861 $494,472
2023 $16,579 $1,250,327 $765,550 $484,777
2022 $13,779 $1,029,312 $750,540 $278,772
2021 $13,541 $1,009,130 $735,824 $273,306
2020 $13,378 $998,784 $728,280 $270,504
2019 $13,176 $979,200 $714,000 $265,200
2018 $12,699 $960,000 $700,000 $260,000
2016 $5,999 $395,582 $195,920 $199,662
2015 $5,902 $389,641 $192,978 $196,663
2014 $5,846 $382,009 $189,198 $192,811
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17174009

California Regional Multiple Listing Service (CRMLS)
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