Seller's Agent in 2022
Kristopher German
RE/MAX
(909) 645-0443
2 in this area
124 Total Sales
547 League Ave La Puente, CA 91744
14
Beds
7
Baths
6,300
Sq Ft
0.34
Acres
About This Home
As of August 2022PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 7 Unit multi-family investment in the city of La Puente. The property is comprised of all 2Bedroom/1Bathroom Units each measuring 900 SqFT on average. Each unit is separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy both garage and open space parking as well as an onsite laundry facility. The current owner has owned the property for a number of years and has rarely raised rents. For a new investor who is familiar with repositioning tenants, this investment offers tremendous upside in rental income with nearly a 100% upside in rental rates. Private seller financing is mandatory for this transaction. Financing Terms: 30% Down Payment, 5% Interest Only Payments, fixed for a 5-7 Year Term. Prepay Penalty for the first 5 years only.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 07/21/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 9 Open Parking Spaces
- 7 Car Garage
Home Design
- Property Attached
Interior Spaces
- 6,300 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 14 Bedrooms
- 7 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 11
- Tax Tract Number 14793
- Assessor Parcel Number 8203017013
Community Details
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $264
- Fuel Expense $216
- Insurance Expense $2,500
- Maintenance Expense $3,500
- Other Expense $1,050
- Trash Expense $4,596
- Water Sewer Expense $3,228
- New Taxes Expense $17,304
- Operating Expense $32,658
- Gross Income $76,080
- Net Operating Income $41,140
Additional Features
- 7 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/23/2022 08/23/22 | Sold | $1,755,000 | 0.0% | $279 / Sq Ft |
| 08/01/2022 08/01/22 | Pending | -- | -- | -- |
| 07/31/2022 07/31/22 | Off Market | $1,755,000 | -- | -- |
| 07/21/2022 07/21/22 | For Sale | $1,525,000 | -- | $242 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22160455
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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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