Sold
1174 Del Valle, La Puente
- First time on 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 10% true upside to 11.69X gross on market rents
- Well parked with 3 enclosed garages and 11 covered parking spaces (no tuck under)
Property Details
- Units: 14
- Gross Rent Multiplier: 12.08
- Cap Rate: 4.8
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$4,300,000
Annual Income
$328,572
Annual NOI
$192,816
Annual Expense
$121,427
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 12 | 2 | 1 | $1,876 | $22,512 | $2,000 | $24,000 |
| 1 | 1 | 1 | $1,495 | $1,495 | $1,550 | $1,550 |
| 1 | 3 | 2 | $2,659 | $2,659 | $2,750 | $2,750 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 14 | 6 | 4 | $26,666 | $28,300 |
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