Est. cap rate

2.9%

Assumed rent, all units

$6,920/mo

Units

2

Price per unit

$724,500

Est. annual NOI

$41,520

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

6

Bathrooms

4

Building size

3,404 sqft

Lot size

12,555 sqft

Year built

1955

Stories

1

Garage spaces

3

Style

Ranch

Heating

See Remarks,Central

Cooling

Wall/Window Unit(s)

Pool

None

View

Back Bay,Neighborhood

Status

Active

Days on market

165

MLS #

239947863

About this property

Once in a lifetime opportunity to own one of the most unique properties in the City of La Puente. Located on a 12,555 Sq Ft lot with the sale including two sperate addresses of 16138 & 16140 Blackwood Street La Puente (unincorporated area) with 4 units. The ADU (Unit 1) located on 16140 Blackwood was built in 2018 and has a separate entrance and is self-contained with 2 bedrooms, 2 baths, full kitchen that opens to a living room that provides plenty of natural light and cathedral ceilings. Private yard and access to washer and dryer on the property. The main structure on 16138 Blackwood Street has 3 units each with its own private entrance surrounded by a private yard full of dense and beautiful landscaping. The main unit (Unit 2) has 2 bedrooms, 1 full bath and living room that leads to a huge dining room area and kitchen. The private side unit (Unit 3) is a 1 bedroom, 1 Full Bath with living room area and has a separate entrance and private courtyard with its own washer and dryer. The studio unit (Unit 4) has a private gate for entrance and can be used as a 1 bedroom, 1 bath with an upgraded bathroom and separate living room area that opens to the secluded backyard. The property was renovated in 2018 with new roof and high-quality materials and craftsmanship, including real wood cabinets and designer countertops. In addition to the 4 units the property has another structure that is a self-contained, fully drywalled with electrical unit located at the back of the lot that can be used as an office, workout room, or storage. Carport has 3 covered spaces with extended driveway that can allow up to 5 cars or plenty of space to entertain. Walking distance to award winning schools, shopping, and restaurants. The thought and design that has been put into this property is outstanding and allows to be used as an income property, owner occupied with income to live in one of the units and rent the others, or for large multi-generational living.

Location

16138 Blackwood St

La Puente, Los Angeles, CA, 91744