2030 Sierra Leone Ave La Puente, CA 91748
Estimated payment $18,993/month
About This Home
For sale is 2030-2040 Sierra Leone Avenue in Rowland Heights, a two-parcel, 10-unit apartment complex. The sale includes two adjacent apartment buildings: one 4-unit and one 6-unit, totaling 8,864 square feet. The property is situated on two parcels of fee-simple land, totaling approximately 0.45 acres, in the densely populated city of Rowland Heights. Eight of the units were constructed in 1963, with two additional units built in 1981. The two buildings can be sold together or separately.This well-maintained, two-story multifamily property is located in a highly desirable area. All units feature 2 bedrooms and 1 bathroom, with remodeled wood or tile flooring. Both buildings have been renovated, including updates to copper piping, a newer roof, two newly installed water heaters, and resurfaced parking (18 total carports or open parking spaces).The property is currently 90% occupied, with one unit available to be delivered vacant, offering the potential for increased rental income for the new owner. This is a rare opportunity to own a multifamily property in a high barrier-to-entry market.
Listing Agent
Harvest Realty Development Brokerage Phone: 626-283-8800 License #02202501 Listed on: 02/27/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1964
Lot Details
- 0.28 Acre Lot
- No Common Walls
- Density is 6-10 Units/Acre
- 8253003003
Interior Spaces
- 2 Bedrooms
- 8,864 Sq Ft Home
- 2-Story Property
- Laundry Room
Parking
- 15 Parking Spaces
- 15 Carport Spaces
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 40
- Tax Tract Number 25612
- Assessor Parcel Number 8253003004
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $100
- Fuel Expense $450
- Insurance Expense $500
- Trash Expense $130
- Water Sewer Expense $650
- Operating Expense $1,730
- Gross Income $168,360
- Net Operating Income $158,360
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | Price Changed | $2,950,000 | -3.3% | $333 / Sq Ft |
| 04/16/2025 04/16/25 | Price Changed | $3,050,000 | -6.2% | $344 / Sq Ft |
| 02/27/2025 02/27/25 | For Sale | $3,250,000 | +20.4% | $367 / Sq Ft |
| 10/20/2020 10/20/20 | Sold | $2,700,000 | -6.3% | $305 / Sq Ft |
| 08/11/2020 08/11/20 | Pending | -- | -- | -- |
| 07/15/2020 07/15/20 | For Sale | $2,880,000 | -- | $325 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25042148
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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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