La Puente, CA 91744,548 N 5th ST
$1,995,000
$1,995,000
Est.Price: ?

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7,752 SqFt

548 N 5th ST La Puente, CA 91744

Est. payment /mo
SOLD DATE : 05/17/2019

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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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CRMLS Plus
Listed by RE/MAX 2000
Bought with RE/MAX 2000
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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