$2,150,000
SOLD SEP 24, 2024

1917 Sierra Leone Ave Rowland Heights, CA 91748

16 Beds
8 Baths
7,000 Sq Ft
0.33 Acres

Recently Sold

$307 Per Sq Ft

17% Below List Price

378 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Level Lot
  • Alvarado Intermediate School Rated A-
  • 12 Detached Carport Spaces
  • Wall Furnace

About This Home

As of September 2024

These 2 (4-plex) offers an incredible investment opportunity with strong rental potential. The growing demand for rental properties in Rowland Heights makes it an attractive option for investors seeking steady income.
Rowland Heights is known for its convenient location with easy access to major freeways, shopping centers, schools, and recreational facilities. Residents can enjoy a peaceful neighborhood while having all amenities within reach. All units are 2 bedrooms, 1 bath units.
These well maintained 4-plexes offer eight identical 2 bedroom, 1 bath units, providing an excellent chance for investors or owner-occupants looking for rental income. Each unit has been carefully designed for comfortable living and is conveniently located in desirable neighborhood. We look forward to helping you seize this excellent investment opportunity!

Last Agent to Sell the Property

Edwin Huber

Century 21 Masters Brokerage Phone: 562-419-4942 License #01314032 Listed on: 08/29/2023

Century 21 Masters

Co-Listed By

Dorothy Pemberton

Century 21 Masters Brokerage Phone: 562-419-4942 License #00903993

Last Buyer's Agent

Yingying Zhang

Berkshire Hathaway HomeServices California Properties License #02023473

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $15,795

Year Built

  • Built in 1964

Lot Details

  • 0.33 Acre Lot
  • No Common Walls
  • Level Lot
  • 8253-003-009

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape

Interior Spaces

  • 7,000 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Detached Carport Spaces
  • Parking Available

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 46
  • Tax Tract Number 25612
  • Assessor Parcel Number 8253003010
  • $1,320 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,966
  • Fuel Expense $1,992
  • Gardener Expense $3,010
  • Insurance Expense $2,486
  • Trash Expense $1,434
  • Water Sewer Expense $4,224
  • New Taxes Expense $32,480
  • Operating Expense $47,592
  • Gross Income $118,600
  • Net Operating Income $70,008

Property Details

Home Type

Apartment

Est. Annual Taxes

$15,795

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 309375
  • Property Attached: No
  • Water Sewer Expenses: 4224.00
  • Zoning: LCR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3010.00
  • Parcel Number: 8253003010
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 307.14

Exterior Features

  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Carport Spaces: 12.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1434.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 8253-003-009
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 14430.00
  • Lot Size Acres: 0.3313

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1966.00
  • Fuel Expense: 1992.00
  • Gross Income: 118600.00
  • Gross Scheduled Income: 117600.00
  • Insurance Expense: 2486.00
  • Laundry Income: 1000.00
  • Lot Size Area: 14430.0000 Square Feet
  • Net Operating Income: 70008.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 8
  • Operating Expense: 47592.00
  • Operating Expense Percent: 40.47
  • Rent Control: Yes
  • Total Expenses: 47592.00

Tax Info

  • New Taxes Expense: 32480.00
  • Tax Census Tract: 4087.24
  • Tax Lot: 46
  • Tax Tract Number: 25612
  • TaxOtherAnnualAssessmentAmount: 1320.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Sep 10, 2024
Sold by
Diane E Dewald Trust and Rehberg Sandra Lynn
Bought by
Gk Grand Llc
Seller's Agent
Edwin Huber
Century 21 Masters
Buyer's Agent
Yingying Zhang
Berkshire Hathaway HomeServices California Properties
List Price
$2,600,000
Sold Price
$2,150,000
Premium/Discount to List
-$450,000
-17.31%
Views
138
Current Estimated Value
$1,454,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$695,344
Avg. Annual Appreciation
-30.22%

Purchase Details

Closed on
Mar 21, 2014
Sold by
Dewald Diane E and Allen Diane E
Bought by
Dewald Diane E and Diane E Dewald Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,075,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2024 09/24/24 Sold $2,150,000 -13.1% $307 / Sq Ft
02/26/2024 02/26/24 Price Changed $2,475,000 -4.8% $354 / Sq Ft
08/29/2023 08/29/23 For Sale $2,600,000 -- $371 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,795 $1,289,000 $589,000 $700,000
2024 $15,795 $1,196,460 $801,720 $394,740
2023 $3,108 $151,706 $33,669 $118,037
2022 $3,038 $148,732 $33,009 $115,723
2021 $2,965 $145,816 $32,362 $113,454
2019 $2,890 $141,493 $31,403 $110,090
2018 $2,713 $138,720 $30,788 $107,932
2016 $2,580 $133,336 $29,594 $103,742
2015 $2,550 $131,334 $29,150 $102,184
2014 $2,568 $128,762 $28,579 $100,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23161753

California Regional Multiple Listing Service (CRMLS)

APN: 8253-003-010