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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
1221$1,745$20,940$1,950$23,400
111$1,495$1,495$1,550$1,550
132$2,600$2,600$2,600$2,600
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
1464 $25,035 $27,550