1174 Del Valle Avenue, La Puente, CA 91744

$4,300,000
List Price
$4,300,000
Price Change
▼ $200,000 1660413426
Status
ACTIVE
MLS#
SB22135817
Year Built
1962
Lot Size
33,099
Acres
0.7598
Lot Location
Item1115UnitsAcre, Yard
Days on Market
58
Property Type
Multifamily

Property Description

$200,000 PRICE REDUCTION! First time on the market in decades: massive generational corner asset consisting of 14 units with almost 12,000 square feet of living space on over 33,000 square feet of land! Park-like campus consisting of 6 separate structures on 3 parcels fronting three residential streets. Excellent unit mix with 11 two bed, one bath units, 1 one bed, one bath unit, 1 two bed, one bath house, and 1 three bed, two bath house (currently configured as two units with connecting door). 11 out of 14 units updated with new kitchen cabinets, quartz counters, tile bathrooms, and vinyl plank floors. Ideal income profile at 13.4X gross on actual rents with a 10% true upside to 12.5X gross on market rents. Well parked with 3 enclosed garages and 11 covered parking spaces (no tuck under). 10 out of the 14 listed rents are based on an increase that applies on 10/1/22. Check OM for more detail.

Additional Information

Pool Description
None
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
14
Gross Scheduled Income
$300,540
Operating Expense
124943

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Anthony Walker from Listing Office: Buckingham Investments, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.