$1,755,000
$1,525,000
15.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
SOLD DATE : 08/23/2022
Key Details
Sold Price $1,755,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV22160455
Sold Date 08/23/22
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
PRIVATE 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of I-10, North of CA-60; Near the Intersection of E Temple Ave & League Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
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Bought with Kristopher German RE/MAX 2000 REALTY
