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1221 S Hacienda Blvd

Hacienda Heights, CA 91745

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7 Units in La Puente

547 League Ave, La Puente, CA 91744, USA
$1,755,000$250,714/Per Unit

Description

SALE HIGHLIGHTS

  • Sold $230,000 OVER List Price!
  • $250,000 Per Unit
  • 2.2% CAP Rate
    • Rents Were Extremely Below Market Level

HOW DID WE DO IT?

  • 2,540 – Direct Mailers Sent to Internal Investor Database
  • 5,511 – Emails Directly Sent to Exclusive Buyer List
  • 2,485 – Facebook and Instagram Views
  • 1,870 – Views on TheApartmentDealer.com
  • 28,804 – Views on LoopNet.com
  • 5,982 – Unique Prospects on LoopNet.com

WHY DID THEY SELL?

After owning the property for 30+ years the seller decided to sell as they are an older retired couple who no longer wanted to deal with the day-to-day management of the property.

Second, worried that their children may argue about the property should they pass, they felt making the decision to sell now and to control the circumstances was in the family’s best interest.

They chose to provide private-seller financing to the new buyer as it would do 3 things for them; rid them of the day-to-day management of the property, provide a steady monthly cashflow for years to come (from the loan), and defer the bulk of the Capital Gains Tax that would be due.

PROPERTY HIGHLIGHTS

  • All 2-Bed / 1-Bath Units
  • 6,300 Total Rental Square Feet (HUGE Units)
  • 14,684 Square Foot Lot
  • Onsite Garage & Open Space Parking
  • Onsite Laundry Facility
  • Separately Metered For Electricity & Gas
  • 100% Upside in Rental Income (Seriously!)
  • PRIVATE SELLER FINANCING TERMS:
    • 30% Down Payment
    • 5% Interest-Only Payments
    • Fixed Rate
    • Due in 7 Years
  • Address: 547 League Ave
  • City: El Monte
  • State/county: California
  • Zip/Postal Code: 91744
  • Country: United States

Detail

Updated on September 2, 2022 at 11:02 am

  • Price: $1,755,000
  • Property Size: 6300 SqFt
  • Land Area: 14684 SqFt
  • Year Built: 1962
  • Property Type: Multi Family
  • Property Status: Just Sold, Sold

Additional details

  • # of Units: 7
  • Unit Mix: 7 (2+1)
  • Zoning: LPR3*
  • We Represented: Seller + Buyer
  • Close of Escrow: 8/23/2022

WalkScore

walkscore66 / Somewhat Walkable more details here

Contact info

Kristopher German
Kristopher German
(626) 427-0786
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