La Puente, CA 91744,14625 Nelson Avenue
La Puente, CA 91744,14625 Nelson Avenue
La Puente, CA 91744,14625 Nelson Avenue
7
Listed by Kristopher German • RE/MAX 2000 REALTY
$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.

2,801 SqFt

14625 Nelson Avenue La Puente, CA 91744

Est. payment /mo
SOLD DATE : 12/20/2023

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,200,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 2,801 sqft

Price per Sqft $428

MLS Listing ID CV-23214270

Sold Date 12/20/23

Year Built 1959

Lot Size 9,999 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

Zoning LPR4*

Interior

Laundry Inside

Exterior

Parking Features Gated

Garage Spaces 2.0

Pool None

Community Features Curbs, Gutters, Sidewalks

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Read Less


GET MORE INFORMATION

agent

Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

Name
Phone*
Message