1174 Del Valle, La Puente 91744
- 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 14.8X gross on actual rents with a 10% true upside to 13.5X gross on market rents
- Well parked with 3 enclosed garages and 11 covered parking spaces (no tuck under)
current
Download Offering Memorandum
UNITS: 14
GROSS RENT MULTIPLIER: 14.87
CAP RATE: 3.6
PRICE
$4,500,000
ANNUAL INCOME
$300,540
ANNUAL NOI
$162,670
ANNUAL EXPENSE
$124,943
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 12 | 2 | 1 | $1,745 | $20,940 | $1,950 | $23,400 |
| 1 | 1 | 1 | $1,495 | $1,495 | $1,550 | $1,550 |
| 1 | 3 | 2 | $2,600 | $2,600 | $2,600 | $2,600 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 14 | 6 | 4 | $25,035 | $27,550 |
