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14625 Nelson Ave, La Puente, CA 91744
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14625 Nelson Ave La Puente, CA 91744

$1,200,000 Sold Price as of 12/20/2023
  • 6 Beds
  • 5 Baths
  • 2,801 Sq.Ft.
Sold
$1,200,000 Sold Price as of 12/20/2023 Refinance Your Mortgage
Map preview of 14625 Nelson Ave, La Puente, CA 91744

Property Overview: 14625 Nelson Ave La Puente, CA has 6 bedrooms, 5 bathrooms, 2,801 living square feet and 9,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Kristopher German | BRE #01800021 | RE/MAX 2000 REALTY
Last checked: 12 minutes ago | Last updated: December 20th, 2023 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
9,999
HOA Dues
$0/mo
Year built
1959
Garage
2 Car
Property Type:
Apartment
Status
Sold
MLS#
CV23214270
City
La Puente
County
Los Angeles
Time on Site
173 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,845
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,510
  • Total Rent: $1,510
  • Pro Forma/Market Rent: $1,845
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,160
  • Total Rent: $1,160
  • Pro Forma/Market Rent: $1,845
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,136
  • Total Rent: $1,136
  • Pro Forma/Market Rent: $1,845
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,272
  • Net Operating Income: $59,507
  • Gross Operating Income: $85,624
  • Vacancy Allowance: $2,648
Annual Expense Breakdown
  • Total Operating Expense: $26,117
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $13,153
  • Trash: $3,864
  • Insurance: $2,500
  • Maintenance: $3,750
  • Professional Management: $0
  • Water/Sewer: $2,100
  • Other Expenses: $750
  • Other Expense Description: Reserves

Property Details for 14625 Nelson Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 11
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 8210001022
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of I-10, East of I-605; Near the Intersection of N Sunset Ave & Nelson Ave E
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local La Puente Agent

Sale History for 14625 Nelson Ave

Last sold for $1,200,000 on December 20th, 2023

  • December, 2023

  • Dec 20, 2023

    Date

    Sold

    CRMLS: CV23214270

    $1,200,000

    Price

  • Nov 20, 2023

    Date

    Active

    CRMLS: CV23214270

    $1,150,000

    Price

  • September, 2016

  • Sep 9, 2016

    Date

    Sold (Public Records)

    Public Records

    $820,000

    Price

  • January, 2013

  • Jan 2, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 14625 Nelson Ave

Assessed Value (2020): $870,189
Year Land Value Improved Value Assessed Value
2020 $348,076 $522,113 $870,189

Home Value Compared to the Market

This property vs the competition

14625 Nelson Ave sold on December 20, 2023 for 56.46% higher than the current median sold price for the city of La Puente which is $735,000. The median sold price per/sqft for La Puente is $535 and this home is sold at $410.57 per/sqft which puts the price per square foot 23.26% lower than the current median sale per square foot for the city of La Puente.

About 14625 Nelson Ave

Detailed summary of property

14625 Nelson Ave is a apartment that recently sold in La Puente, CA 91744. This apartment offered 6 bedrooms, 5 bathrooms, roughly 2,801 living square feet, and sits on an approximately 9,999 square foot lot. 14625 Nelson Ave was first listed on ArdentRealEstateGroup.com on November 20, 2023. The homeowner sold the property for $1,200,000. Home in La Puente are selling for a median price of $735,000 and a median price per square foot of $535. Based on Ardent Real Estate Group's La Puente Market Data, this home is sold 56.46% higher than the current median priced home. Local homes that are currently for sale include 5406-5408 Via Corona St, 733 Hoefner Ave and 584 N Mar Vista Ave. While the average home in La Puente, CA is selling in 41 days, 14625 Nelson Ave has a days on market of 10 days. There are currently 86 homes for sale in the La Puente real estate market and 76 of them are single family homes while 3 of them are condos and 7 are townhomes. For more information on this home for sale at 14625 Nelson 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 14625 Nelson Ave

Public county record property details
Beds
5
Baths
5
Year built
1959
Sq. Ft.
2,801
Lot Size
9,998
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
431
APN
8210-001-022

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
$725,000
Median List Price/Sq.Ft.
$514
Median Sold Price
$733,000
Median Sold Price/Sq.Ft.
$518
Total Inventory
66
Median Sale to List Price %
103.24%
Avg Days on Market
23
Loan Type
Conventional (68.75%), FHA (12.5%), VA (0%), Cash (6.25%), Other (12.5%)

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.

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