La Puente, CA 91744,14625 Nelson Avenue
La Puente, CA 91744,14625 Nelson Avenue
La Puente, CA 91744,14625 Nelson Avenue
La Puente, CA 91744,14625 Nelson Avenue
La Puente, CA 91744,14625 Nelson Avenue
La Puente, CA 91744,14625 Nelson Avenue
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$1,200,000

$1,150,000

4.3%
Est.Price: ?

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Est. payment /mo

5 Beds

4 Baths

9,999 Sqft Lot


SOLD DATE : 12/20/2023

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV23214270

Sold Date 12/20/23

Bedrooms 5

HOA Y/N No

Lot Size 9,999 Sqft

Property Description

We are pleased to offer for sale this 5 Unit multi-family residential investment property in the city of La Puente. This standout offering is priced to sell, boasting a significant upside of over 30% in rental income, making it an ideal addition for investors seeking cash-flow. The property includes a mix of one 2-bedroom/1-bathroom unit, and four 1-bedroom/1-bathroom units. Each unit is separately metered for electricity and gas, while the owner pays for water and trash. Tenants enjoy the convenience of onsite parking with both garage and car-port options, ensuring ample space for vehicles. Situated on a spacious 10,000 square-foot lot, the property offers ample outdoor space and holds potential for Accessory Dwelling Unit (ADU) conversion, which could add value and increased rental income (buyer to check with proper city authorities.) The city of La Puente does not have any specific local city rent control offering ease of management in this regard. With a current 5.17% CAP Rate and a 13 Gross Rent Multiplier (GRM), the subject property offers a solid return on investment.
We are pleased to offer for sale this 5 Unit multi-family residential investment property in the city of La Puente. This standout offering is priced to sell, boasting a significant upside of over 30% in rental income, making it an ideal addition for investors seeking cash-flow. The property includes a mix of one 2-bedroom/1-bathroom unit, and four 1-bedroom/1-bathroom units. Each unit is separately metered for electricity and gas, while the owner pays for water and trash. Tenants enjoy the convenience of onsite parking with both garage and car-port options, ensuring ample space for vehicles. Situated on a spacious 10,000 square-foot lot, the property offers ample outdoor space and holds potential for Accessory Dwelling Unit (ADU) conversion, which could add value and increased rental income (buyer to check with proper city authorities.) The city of La Puente does not have any specific local city rent control offering ease of management in this regard. With a current 5.17% CAP Rate and a 13 Gross Rent Multiplier (GRM), the subject property offers a solid return on investment.

Location

State CA

County Los Angeles

Area La Puente (91744)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Monthly Total Fees $156

Acceptable Financing Cash

Space Rent $2,000

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German • RE/MAX 2000 REALTY
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+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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