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1174 Del Valle Ave La Puente, CA 91744

$3,825,000 Sold Price as of 10/28/2022

28 Beds
15 Baths
11,899 Sq.Ft.

Sold

$3,825,000 Sold Price as of 10/28/2022 Refinance Your Mortgage

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Map preview of 1174 Del Valle Ave, La Puente, CA 91744

Property Overview: 1174 Del Valle Ave La Puente, CA has 28 bedrooms, 15 bathrooms, 11,899 living square feet and 33,099 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: $500,000 PRICE REDUCTION, 12X GROSS ON ACTUALS! 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 12.08X gross on actual rents with a 3% true upside to 11.69X gross on market rents. Well parked with 3 enclosed garages and 11 covered parking spaces (no tuck under). Listed rents are based on an increase that are in progress. Please call co-listing agent with questions.

Listed by Anthony Walker | BRE #01908153 | Buckingham Investments, Inc
Co-listed by Josh Ess | BRE #02035659 | Buckingham Investments, Inc

Last checked: 10 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft: 33,099
HOA Dues: $0/mo
Year built: 1962
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: SB22135817
City: La Puente
County: Los Angeles
Time on Site: 820 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 14
Total # of Buildings: 6
# of Electric Meters: 14
# of Gas Meters: 14
# of Water Meters: 3

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,929
Total Rent: $1,929
Pro Forma/Market Rent: $2,000

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,644
Total Rent: $1,644
Pro Forma/Market Rent: $1,550

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,976
Total Rent: $1,976
Pro Forma/Market Rent: $2,000

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,002
Total Rent: $2,002
Pro Forma/Market Rent: $2,000

Unit Breakdown 5

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,695
Total Rent: $2,695
Pro Forma/Market Rent: $2,750

Unit Breakdown 6

# of Units: 2
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,969
Total Rent: $2,000
Pro Forma/Market Rent: $2,000

Unit Breakdown 7

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,841
Total Rent: $1,841
Pro Forma/Market Rent: $2,000

Unit Breakdown 8

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,910
Total Rent: $1,910
Pro Forma/Market Rent: $2,000

Unit Breakdown 9

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,969
Total Rent: $1,969
Pro Forma/Market Rent: $2,000

Unit Breakdown 10

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,851
Total Rent: $1,851
Pro Forma/Market Rent: $2,000

Unit Breakdown 11

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,815
Total Rent: $1,815
Pro Forma/Market Rent: $2,000

Unit Breakdown 12

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,852
Total Rent: $1,852
Pro Forma/Market Rent: $2,000

Unit Breakdown 13

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,958
Total Rent: $1,958
Pro Forma/Market Rent: $2,000

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.8%
Gross Rent Multiplier: 12.08
Gross Scheduled Income: $328,572
Net Operating Income: $192,816
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $121,427
Electric: $3,376
Gas/Fuel: $3,376
Licenses: $2,627
New Taxes: $56,250
Trash: $3,376
Gardener: $7,363
Insurance: $12,300
Maintenance: $14,381
Professional Management: $15,819
Water/Sewer: $3,376

Property Details for 1174 Del Valle Ave

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 14

Lot Information

Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft, Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 14
Parcel Number: 8252009001
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Entire Eastern block of Del Valle Ave between Fairgrove Ave (North) and Hayland/Molinar (South).

Neighborhood Information

Community Features: Urban

View more facts & features

Local La Puente Agent

Sale History for 1174 Del Valle Ave

Last leased for $2,450 on September 19th, 2024

September, 2024
Sep 19, 2024

Date

Leased

CRMLS: AR24187693

$2,450

Price
Sep 9, 2024

Date

Active

CRMLS: AR24187693

$2,475

Price
Listing provided courtesy of CRMLS

Apartment for Rent: 2 Bed + 1 Bath in La Puente, CA Discover your new home at 1174 Del Valle Ave in La Puente, CA. This 2-bedroom, 1-bathroom apartment offers a comfortable living space with freshly painted interiors and a small private patio for outdoor relaxation. With one carport parking spot included, convenience is at your doorstep. Local Amenities: • Shopping: The property is just minutes away from Puente Hills Mall, offering a variety of shops, including Macy's, Target, and Best Buy. Grocery shopping is a breeze with nearby supermarkets like Food 4 Less and Aldi. • Dining: Enjoy a variety of restaurants in the area, from local favorites like El Pescador for Mexican seafood to Chris’ & Pitt’s BBQ for classic American barbecue. For quick bites, you'll find popular spots like In-N-Out Burger and Starbucks just around the corner. • Parks: For outdoor enthusiasts, La Puente Park and Sunset Park are both nearby, offering playgrounds, sports facilities, and green spaces for picnics and relaxation. Education: • Schools: The apartment is located within the Hacienda La Puente Unified School District, known for its reputable schools. Nearby schools include Del Valle Elementary School, Sierra Vista Middle School, and La Puente High School. For higher education, Mt. San Antonio College is a short drive away. This well-located apartment offers not just a comfortable living space, but also easy access to a variety of amenities that cater to your daily needs and lifestyle. Don’t miss this opportunity—contact us today to schedule a viewing! Key Features: • 2 Bedrooms, 1 Bathroom • Fresh Interior Paint • Small Private Patio • 1 Carport Parking • Close to Shopping, Dining, and Schools Schedule a tour and make this your new home!

Continue Reading
October, 2022
Oct 28, 2022

Date

Sold

CRMLS: SB22135817

$3,825,000

Price
Jun 22, 2022

Date

Active

CRMLS: SB22135817

$4,500,000

Price
January, 2020
Jan 13, 2020

Date

Sold (Public Records)

Public Records

--

Price
January, 2020
Jan 13, 2020

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1174 Del Valle Ave

Assessed Value (2020): $596,849

Year	Land Value	Improved Value	Assessed Value
2020	$280,289	$316,560	$596,849

Home Value Compared to the Market

This property vs the competition

1174 Del Valle Ave sold on October 28, 2022 for 446.51% higher than the current median sold price for the city of La Puente which is $731,000. The median sold price per/sqft for La Puente is $553 and this home is sold at $335.74 per/sqft which puts the price per square foot 39.29% lower than the current median sale per square foot for the city of La Puente.

About 1174 Del Valle Ave

Detailed summary of property

1174 Del Valle Ave is a multi family that recently sold in La Puente, CA 91744. This multi family property offered 28 bedrooms, 15 bathrooms, roughly 11,899 living square feet, and sits on an approximately 33,099 square foot lot. 1174 Del Valle Ave was first listed on ArdentRealEstateGroup.com on June 22, 2022. The homeowner sold the property for $3,825,000. Home in La Puente are selling for a median price of $731,000 and a median price per square foot of $553. Based on Ardent Real Estate Group's La Puente Market Data, this home is sold 446.51% higher than the current median priced home. Local homes that are currently for sale include 654 Bellefontaine St, 1006 S Record Ave and 616 San Pascual Ave. While the average home in La Puente, CA is selling in 50 days, 1174 Del Valle Ave has a days on market of 98 days. There are currently 86 homes for sale in the La Puente real estate market and 82 of them are single family homes while 4 of them are condos and 0 are townhomes. For more information on this home for sale at 1174 Del Valle Ave La Puente, CA 91744 contact Ardent Real Estate Group and we will put you in touch with one of our La Puente agents.

Public Facts for 1174 Del Valle Ave

Public county record property details

Beds: 14
Baths: 7
Year built: 1962
Sq. Ft.: 5,373
Lot Size: 11,014
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 8252-009-001

The source for these homes facts are from public records.

91744 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$719,900

Median List Price/Sq.Ft.

$589

Median Sold Price

$725,000

Median Sold Price/Sq.Ft.

$530

Total Inventory

Median Sale to List Price %

101.4%

Avg Days on Market

Loan Type

Conventional (55%), FHA (10%), VA (5%), Cash (15%), Other (15%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.