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

$1,150,000

4.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

9,997 Sqft Lot


SOLD DATE : 12/20/2023

Key Details

Sold Price $1,200,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV23214270

Sold Date 12/20/23

HOA Y/N No

Year Built 1959

Lot Size 9,997 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LPR4*

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 2.0

Carport Spaces 4

Garage Description 2.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 11

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8210001022

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Kristopher German • RE/MAX 2000 REALTY
agent-avatar

+1(805) 242-2114

alana@soldbyalanaking.com

Paso Robles, CA, 93446, USA

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