909 Galemont Avenue, Hacienda Heights, CA 91745

$999,998
List Price
$999,998
Price Change
▼ $95,002 1669086496
Status
ACTIVE
MLS#
IV22236116
Year Built
1955
Lot Size
5,926
Acres
0.14
Lot Location
Item25UnitsAcre
Days on Market
33
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
One Level

Property Description

Attention investors Cash-flowing single family residence! IN-PLACE CAP Rate of 8.60% with a GRM of 9.26. This property is a single family residence, currently configured as FIVE (5) completely divided (private entranced) multifamily units. The unit mix consists of one (1) studio unit, one (1) one-bedroom unit & three (3) two-bedroom, one-bathroom units. The property represents a tremendous opportunity from day one with a 7.4% cash-on-cash return, with a total return of 9.4% after principal reduction. All units have separate. private entrances, kitchens and bathrooms. There is also a common area laundry room onsite for added income potential. The property is ideal for investors, multi-families, multi-generational families, care facilities, VA housing etc. Property is fully fenced, with onsite parking, zoned SFR single family residence. Buyer to conduct their own due diligence regarding zoning, permits, alterations, permitted usage, and configuration. The property has had recent capital improvements to the roof, interior updates including granite counter tops, updated cabinetry, updated bathrooms, tile work, new flooring in units, and more! Owner also recently installed ALL New Mini-split Heating and HVAC systems to all units, with new ducting throughout the property. Turn-key cashflow opportunity.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$108,000
Operating Expense
20935

Listing courtesy of Listing Agent: WAYNE KRENTEL (wayne.krentel@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.