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547 League Ave, La Puente, CA 91744
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547 League Ave La Puente, CA 91744

$1,755,000 Sold Price as of 08/23/2022
  • 14 Beds
  • 7 Baths
  • 6,300 Sq.Ft.
Sold
$1,755,000 Sold Price as of 08/23/2022 Refinance Your Mortgage
Map preview of 547 League Ave, La Puente, CA 91744

Property Overview: 547 League Ave La Puente, CA has 14 bedrooms, 7 bathrooms, 6,300 living square feet and 14,684 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 7 Unit multi-family investment in the city of La Puente. The property is comprised of all 2Bedroom/1Bathroom Units each measuring 900 SqFT on average. Each unit is separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy both garage and open space parking as well as an onsite laundry facility. The current owner has owned the property for a number of years and has rarely raised rents. For a new investor who is familiar with repositioning tenants, this investment offers tremendous upside in rental income with nearly a 100% upside in rental rates. Private seller financing is mandatory for this transaction. Financing Terms: 30% Down Payment, 5% Interest Only Payments, fixed for a 5-7 Year Term. Prepay Penalty for the first 5 years only.

Listed by KRISTOPHER GERMAN | BRE #01800021 | RE/MAX 2000 REALTY
Last checked: 16 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
14,684
HOA Dues
$0/mo
Year built
1962
Garage
7 Car
Property Type:
Multi Family
Status
Sold
MLS#
CV22160455
City
La Puente
County
Los Angeles
Time on Site
656 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $76,080
  • Net Operating Income: $41,140
  • Gross Operating Income: $73,798
  • Vacancy Allowance: $2,282
  • Laundry Income: $480
Annual Expense Breakdown
  • Total Operating Expense: $32,658
  • Electric: $264
  • Gas/Fuel: $216
  • New Taxes: $17,304
  • Trash: $4,596
  • Insurance: $2,500
  • Maintenance: $3,500
  • Professional Management: $0
  • Water/Sewer: $3,228
  • Other Expenses: $1,050
  • Other Expense Description: Reserves

Property Details for 547 League Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, 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: 7
  • # of Parking Spaces: 16
Lot Information
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 8203017013
  • Year Built Source: Assessor
  • 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, North of CA-60; Near the Intersection of E Temple Ave & League Ave
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local La Puente Agent

Sale History for 547 League Ave

Last sold for $1,755,000 on August 23rd, 2022

  • August, 2022

  • Aug 23, 2022

    Date

    Sold

    CRMLS: CV22160455

    $1,755,000

    Price

  • Jul 21, 2022

    Date

    Active

    CRMLS: CV22160455

    $1,525,000

    Price

Tax History for 547 League Ave

Assessed Value (2020): $575,926
Year Land Value Improved Value Assessed Value
2020 $132,908 $443,018 $575,926

Home Value Compared to the Market

This property vs the competition

547 League Ave sold on August 23, 2022 for 107.48% 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 $242.06 per/sqft which puts the price per square foot 54.75% lower than the current median sale per square foot for the city of La Puente.

About 547 League Ave

Detailed summary of property

547 League Ave is a multi family that recently sold in La Puente, CA 91744. This multi family property offered 14 bedrooms, 7 bathrooms, roughly 6,300 living square feet, and sits on an approximately 14,684 square foot lot. 547 League Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,755,000. 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 107.48% higher than the current median priced home. Local homes that are currently for sale include 156 S Pennsylvania Ave, 53 S Roosevelt Ave and 35 N Grand Oaks Ave. While the average home in La Puente, CA is selling in 41 days, 547 League 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 547 League 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 547 League Ave

Public county record property details
Beds
14
Baths
7
Year built
1962
Sq. Ft.
6,300
Lot Size
14,683
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
8203-017-013

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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