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548 N 5th ST La Puente, CA 91744
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Key Details
Sold Price $1,995,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,752 sqft
Price per Sqft $257
MLS Listing ID CV19107766
Sold Date 05/17/19
HOA Y/N No
Year Built 1962
Lot Size 0.682 Acres
Acres 0.682
Property Description
We 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.
Location
State CA
County Los Angeles
Area 633 - Industry/La Puente/Valinda
Zoning LPR2*
Interior
Laundry Community, See Remarks
Exterior
Garage Spaces 9.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre, Lot 20000-39999 Sqft
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.25
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW INSTRUCTIONS Call Listing Agent Do Not Contact Occupants Drive By Only
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Bought with RE/MAX 2000