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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

Download Offering Memorandum

Contact Listing Agent

Price

$4,300,000

Annual Income

$328,572

Annual NOI

$192,816

Annual Expense

$121,427

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
1221$1,876$22,512$2,000$24,000
111$1,495$1,495$1,550$1,550
132$2,659$2,659$2,750$2,750
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
1464$26,666$28,300

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