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1174 Del Valle Avenue $4,300,000

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    1174 Del Valle Avenue La Puente, CA 91744

    • 0 Beds
    • 0 Baths
    • 11,899 sq. ft.
    • Multi-Family
    • MLS# SB22135817
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    Views: 4 Days On Market: 54

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    Property Details

    $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.

    • General Features
      • Buyer Compensation 2.500 %
      • Community Features Urban
      • County Or Parish Los Angeles
      • Number Of Buildings 6
      • Number Of Separate Electric Meters 14
      • Number Of Separate Gas Meters 14
      • Number Of Separate Water Meters 3
      • Number Of Units Total 14
      • YearBuilt 1962
    • Building Features
      • Carport Spaces 11.00
      • Laundry Features Common Area
    • Property Features
      • Lot Size Acres 0.75
      • Lot Features 11-15 Units/Acre, Lot 10000-19999 Sqft, Yard
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 14.00

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    Neighborhood

    91744 (La Puente) Demographics

    36 Median Age
    9,487 Population Density (per sq. mile)
    18% College Educated
    $74,100 Estimated Median Income
    12,694 Estimated Total Home Owners
    6,127 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    83,396 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $680,000 Median Sales Price
    16 Homes Sold
    37 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,300,000
        8/12/2022 6:02:40 PM Price Reduced Source: Multiple Listing Service New Value: $4,300,000 -4.44%
        8/12/2022 6:02:40 PM Status Changed Source: Multiple Listing Service New Value: Active
        7/22/2022 5:17:27 PM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
        6/22/2022 1:33:00 PM New in Database Source: Multiple Listing Service New Value: $4,500,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 8/15/2022 3:48:19 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.