Seller's Agent in 2019
Kristopher German
RE/MAX
(909) 645-0443
2 in this area
124 Total Sales
548 N 5th St La Puente, CA 91744
Estimated Value: $2,613,000 - $3,095,249
16
Beds
8
Baths
7,752
Sq Ft
$368/Sq Ft
Est. Value
About This Home
As of May 2019We are pleased to exclusively offer for sale this 8 unit multi-family investment in the city of La Puente. The subject property is comprised of 100% single story construction with the rental units being distributed amongst 4 separate structures. The first unit is a stand alone 2 Bedroom/1 Bathroom SFR with an attached two-car garage. The second structure is comprised of 2 units, both of which are 2 bedroom/1 bathroom. The third structure contains 3 units, all of which are 2 bedroom/1 bathroom. The last structure contains 2 units both of which are 2 bedroom/1 bathroom. All units have garage parking, private gated back yard/patio, and private entry. Tenants enjoy an onsite laundry facility and plenty of open space given the lot size measuring 29,707 sqft. The current ownership has held the property for a number of years and have kept the rental rates well below market level. With modest capital improvement, a new investor can take advantage of a growth in rental rates by as much as 21% significantly increasing their cash-on-cash return.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 05/09/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,493
Year Built
- Built in 1962
Lot Details
- 0.68 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 7 Open Parking Spaces
- 9 Car Garage
Home Design
- 7,752 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Additional Features
- Laundry Room
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 036
- Tax Tract Number 36
- Assessor Parcel Number 8251017036
Community Details
Overview
- 4 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $520
- Fuel Expense $269
- Insurance Expense $3,101
- Maintenance Expense $6,644
- Other Expense $1,600
- Trash Expense $4,836
- Water Sewer Expense $2,255
- New Taxes Expense $23,372
- Operating Expense $42,596
- Gross Income $136,980
- Net Operating Income $90,274
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2019
Closed on
May 13, 2019
Sold by
Lai Ruby H
Bought by
Rhl Investment Llc
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,995,000
Sold Price
$1,995,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$859,125
Avg. Annual Appreciation
5.71%
Purchase Details
Listed on
May 9, 2019
Closed on
May 9, 2019
Sold by
The Harkins Bypass Trust
Bought by
Lai Ruby H
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,995,000
Sold Price
$1,995,000
Purchase Details
Closed on
Nov 24, 2004
Sold by
Harkins Helene L and Taylor Kathleen Rose
Bought by
Harkins Helene Louise and Taylor Kathleen Rose
Purchase Details
Closed on
Feb 4, 1999
Sold by
Harkins Thomas P and Harkins Thomas P Helene L
Bought by
Harkins Thomas P and Harkins Helen L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rhl Investment Llc | -- | None Available | |
| Lai Ruby H | -- | Fidelity Title Company | |
| Lai Ruby H | $1,995,000 | Fidelity Title Company | |
| Harkins Helene Louise | -- | Stewart Title Of Ca Inc | |
| Harkins Thomas P | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/17/2019 05/17/19 | Sold | $1,995,000 | 0.0% | $257 / Sq Ft |
| 05/13/2019 05/13/19 | Pending | -- | -- | -- |
| 05/09/2019 05/09/19 | For Sale | $1,995,000 | -- | $257 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $28,493 | $2,225,456 | $1,227,068 | $998,388 |
| 2024 | $28,493 | $2,181,820 | $1,203,008 | $978,812 |
| 2023 | $27,804 | $2,139,040 | $1,179,420 | $959,620 |
| 2022 | $27,026 | $2,097,099 | $1,156,295 | $940,804 |
| 2021 | $26,553 | $2,055,980 | $1,133,623 | $922,357 |
| 2020 | $26,302 | $2,034,900 | $1,122,000 | $912,900 |
| 2019 | $20,880 | $155,222 | $41,589 | $113,633 |
| 2018 | $4,540 | $152,179 | $40,774 | $111,405 |
| 2016 | $4,204 | $146,272 | $39,192 | $107,080 |
| 2015 | $4,150 | $144,076 | $38,604 | $105,472 |
| 2014 | $4,166 | $141,254 | $37,848 | $103,406 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19107766
APN: 8251-017-036
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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