2030-2040 Sierra Leone Ave - Apartments FOR SALE


La Puente, CA 91748
$2,650,000 USD
2030-2040 Sierra Leone Ave, La Puente, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/27
null | 4.61% Cap Rate

2030-2040 Sierra Leone Ave
La Puente, CA 91748


HIGHLIGHTS

  • Two separate parcels: 2030 Sierra Leone Ave (six units) and 2040 Sierra Leone Ave (four units).
  • 2040 Sierra Leone Ave qualifies for Residential Financing.
  • The buildings total approximately 8,864 square feet and are situated on a spacious 19,602 square foot lot.
  • Each unit features a 2-bedroom, 1-bathroom layout.
  • All units are individually metered for gas and electricity.

OVERVIEW

2030–2040 Sierra Leone Ave presents a rare opportunity to acquire a 10-unit apartment complex in the highly desirable Rowland Heights, CA market. The property consists of two separate parcels: 2030 Sierra Leone Ave (six units) and 2040 Sierra Leone Ave (four units), with 2040 Sierra Leone qualifying for residential financing. The buildings total approximately 8,864 square feet and are situated on a spacious 19,631 square foot lot. Each unit features a 2-bedroom, 1-bathroom layout. All units are individually metered for gas and electricity. Each unit has their own on-site parking (total of 15 carport parking spaces and 3 open parking spaces). The property includes on-site common laundry facilities, offering added convenience for tenants and supplemental income. Recent capital improvements include roof upgrades, copper plumbing, and resurfaced parking areas. Extremly convenient location with easy access to retail stores, restaurants, coffee/tea shops etc.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

10

PRICE/UNIT

$265,000

CAP RATE

4.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,631 SF

ZONING

R3

APN/PARCEL ID

8253-003-003,8253-003-004

ASK ABOUT THIS PROPERTY

Donald LaATLAS GROUP - EXP REALTYMore Info

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Donald LaATLAS GROUP - EXP REALTYMore Info

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