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Sold for $1,200,000
  • Listed by: RE/MAX 2000 REALTY • Kristopher German • Contact: 626-427-0786
    Bought with: RE/MAX 2000 REALTY
    $1,200,000

    14625 Nelson Ave, La Puente, CA 91744

    6beds
    5baths
    2,801sqft
    Multi Family
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $428/sqft
    $4,229 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,229/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    Bought with:

    Kristopher German, DRE #01800021

    RE/MAX 2000 REALTY

    Source: CRMLS,MLS#: CV23214270MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,801
    • Total interior livable area: 2,801 sqft

    Property

    Parking
    • Total spaces: 11
    • Parking features: Garage, Carport
    • Garage spaces: 2
    • Carport spaces: 4
    • Covered spaces: 6
    • Uncovered spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 9,999 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 8210001022
    • Zoning: LPR4*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1959

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: La Puente

    Financial & listing details

    • Price per square foot: $428/sqft
    • Date on market: 11/20/2023
    • Cumulative days on market: 10 days
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 7356
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    12/20/2023Sold$1,200,000+4.3%$428/sqft
    Source: CRMLS #CV23214270 Report a problem
    12/1/2023Pending sale$1,150,000$411/sqft
    Source: CRMLS #CV23214270 Report a problem
    11/20/2023Listed for sale$1,150,000+39.4%$411/sqft
    Source: CRMLS #CV23214270 Report a problem
    9/12/2016Listing removed$825,000$295/sqft
    Source: RE/MAX 2000 #CV16089498 Report a problem
    6/17/2016Pending sale$825,000$295/sqft
    Source: RE/MAX 2000 #CV16089498 Report a problem
    4/28/2016Listed for sale$825,000$295/sqft
    Source: RE/MAX 2000 #CV16089498 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 91744

    Nearby schools

    GreatSchools rating
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