15574 Garo St, Hacienda Heights, CA 91745
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15574 Garo St Hacienda Heights, CA 91745

$1,870,000
  • 11 Beds
  • 8.75 Baths
  • 4,724 Sq.Ft.
For Sale
$1,870,000 Get Pre-Qualified

Map preview of 15574 Garo St, Hacienda Heights, CA 91745

Property Overview: 15574 Garo St Hacienda Heights, CA has 11 bedrooms, 8.75 bathrooms, 4,724 living square feet and 21,270 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This property offers a remarkable investment opportunity. Situated on an expansive lot of over 20,000 square feet, it offers the flexibility to reside in one room or unit while renting out other rooms; allows for flexible living arrangements. Additionally, the property boasts a generous driveway that can easily accommodate more than 15 vehicles, a rare find at this price point. Notably, a detached dwelling unit was created from a 4-car garage on January 17, 2023, resulting in 4,724 square feet of permitted living space. Currently generating $9,800 per month in rental income, this property has room for rent increases under new ownership. Most rooms come with their own bathrooms, making it suitable for personal residence, investment, or rental purposes. Furthermore, it might serve as a profitable nursing home or travel agency, making decent cash flow. There is also the potential to use a portion of the home as in-law quarters or for a large family. Conveniently located near schools, libraries, medical facilities, restaurants, and with easy access to major freeways (60, 605, 10, and 57), this property offers convenient accessibility. For security reasons, please avoid attempting to access the premises without prior written communication. Viewing are exclusively available for accepted offers. It's crucial to note that this property is situated on an unpaved private road. Please ensure your client is comfortable with this arrangement before proceeding. We want to make sure that your efforts and your client's expectations are aligned, preventing issues or misunderstandings down the line. Transparency now will prevent potential issues later, ensuring a smooth transaction. Thank you for considering this remarkable investment opportunity. We believe this property offers not only financial potential but also versatility that can suit various needs. Please reach out with any questions or to schedule a viewing. We look forward to assisting you in making a sound investment decision.

Listed by Francis Min | BRE #01312403 | Hana Management
Last checked: 33 seconds ago | Last updated: February 18th, 2024 | Source CRMLS | DOM: 154
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Home details

Lot Sq. Ft
21,270
HOA Dues
$0/mo
Year built
1952
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
TR23165467
City
Hacienda Heights
County
Los Angeles
Time on Site
199 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 11
  • # of Baths: 10
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $9,800
  • Total Rent: $9,800
  • Pro Forma/Market Rent: $11,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $9,800
  • Net Operating Income: $8,600
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,200
  • Electric: $12,000
  • Gas/Fuel: $0
  • Trash: $600
  • Insurance: $800
  • Water/Sewer: $3,000

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Property Details for 15574 Garo St

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Assigned, Carport
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 8219002067
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
  • Offered With Property: To be arranged.
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: kwis & Garo
Neighborhood Information
  • Community Features: Rural
View more facts & features

Local Hacienda Heights Agent

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Sale History for 15574 Garo St

Last leased for $2,400 on February 9th, 2021
  • October, 2023

  • Oct 11, 2023

    Date

    Active

    CRMLS: TR23165467

    $2,280,000

    Price

  • June, 2021

  • Jun 4, 2021

    Date

    Expired

    CRMLS: WS20264408

    $1,488,800

    Price

  • Mar 16, 2021

    Date

    Withdrawn

    CRMLS: WS20264408

    $1,488,800

    Price

  • Dec 31, 2020

    Date

    Active

    CRMLS: WS20264408

    $1,488,800

    Price

  • Listing provided courtesy of CRMLS

    Fantastic investment opportunity in Hacienda Heights! 5.5%+ Cap!! This property has 3 units with solid tenants, plus a garage converted ADU. All tenant occupied. 2nd, 3rd, and 4th unit built in 2018- in great conditions. First unit is fully remodeled and comes with new appliances. Current rental income is $8,500. New owner can easily raise the rents to above $9,000. Unit 1- $2,000, Unit 2- $2,200, Unit 3-$2,300, Unit 4- $2,000.

  • February, 2021

  • Feb 10, 2021

    Date

    Leased

    CRMLS: TR21020338

    $2,400

    Price

  • Feb 7, 2021

    Date

    Hold

    CRMLS: TR21020338

    $2,300

    Price

  • Feb 2, 2021

    Date

    Price Change

    CRMLS: TR21020338

    $2,300

    Price

  • Jan 31, 2021

    Date

    Active

    CRMLS: TR21020338

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    The house is bright and it was built in 2018. There are spacious ample parking spaces at back yard. The house is located at the end of the quiet private road. There are 3 bedrooms; each bedroom has its own bathroom. Tenant to pay first, last month and security deposit. Credit score should be at least 700 and no pet allowed; no exception.

  • March, 2017

  • Mar 1, 2017

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

  • July, 2015

  • Jul 14, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 15574 Garo St

Assessed Value (2020): $957,983
Year Land Value Improved Value Assessed Value
2020 $424,483 $533,500 $957,983

Home Value Compared to the Market

This property vs the competition

15574 Garo St is listed 87.37% higher than the median list price for the city of Hacienda Heights which has a median list price of $998,000. The median price per/sqft for Hacienda Heights is $532 and this home is listed at $395.85 per/sqft which puts the price per square foot 25.59% lower than the median price per square foot for the city of Hacienda Heights.

About 15574 Garo St

Detailed summary of property

15574 Garo St is a single family home located in Hacienda Heights, CA 91745 and is currently for sale. This house offers 11 bedrooms, 8.75 bathrooms, roughly 4,724 living square feet, and sits on an approximately 21,270 square foot lot. 15574 Garo St was first listed on ArdentRealEstateGroup.com on October 11, 2023. The homeowner is currently asking $1,870,000 and was originally asking $2,280,000. The median priced home in Hacienda Heights is $998,000 with a median price per square foot of $532. Based on Ardent Real Estate Group's Hacienda Heights Market Data, this home is listed 87.37% higher than the median priced home. Local competing homes currently for sale include 15280 Youngwood Dr, 2211 W Merced Ave and 1727 W Leewood St. While the average home in Hacienda Heights, CA is selling in 42 days, 15574 Garo St has a days on market of 154 days. There are currently 73 homes for sale in the Hacienda Heights real estate market and 58 of them are single family homes while 13 of them are condos and 2 are townhomes. For more information on this home for sale at 15574 Garo St Hacienda Heights, CA 91745 contact Ardent Real Estate Group and we will put you in touch with one of our Hacienda Heights agents.

Public Facts for 15574 Garo St

Public county record property details
Beds
9
Baths
8
Year built
1952
Sq. Ft.
3,592
Lot Size
21,286
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
8219-002-067

The source for these homes facts are from public records.

91745 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$980,000
Median Sold Price/Sq.Ft.
$538
Total Inventory
72
Median Sale to List Price %
98.12%
Avg Days on Market
36
Loan Type
Conventional (50%), FHA (8.33%), VA (0%), Cash (16.67%), Other (25%)

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Related Resources to 15574 Garo St

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.