$1,755,000
$1,525,000
15.1%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 08/23/2022
Key Details
Sold Price $1,755,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV22160455
Sold Date 08/23/22
HOA Y/N No
Year Built 1962
Lot Size 0.337 Acres
Property Description
PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 7 Unit multi-family investment in the city of La Puente. The property is comprised of all 2Bedroom/1Bathroom Units each measuring 900 SqFT on average. Each unit is separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy both garage and open space parking as well as an onsite laundry facility. The current owner has owned the property for a number of years and has rarely raised rents. For a new investor who is familiar with repositioning tenants, this investment offers tremendous upside in rental income with nearly a 100% upside in rental rates. Private seller financing is mandatory for this transaction. Financing Terms: 30% Down Payment, 5% Interest Only Payments, fixed for a 5-7 Year Term. Prepay Penalty for the first 5 years only.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LPR3*
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Lot Description 6-10 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 8203017013
Energy Description 216.0
Acceptable Financing Owner Will Carry, Private Financing Available
Listing Terms Owner Will Carry, Private Financing Available
Financing Seller Financing
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN RE/MAX 2000 REALTY
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Managing Broker, JD | Lic# DRE# 01065018/02178736