796 1/2 4th - 1.5 Acre Res/ Agr Lot with Incredible Views 1.47 Acres of Residential Land Offered at $1,600,000 in La Puente, CA 91746
INVESTMENT HIGHLIGHTS
- Mountain Views
- Private but close to Freeways
- Surrounding Million Dollar Homes
EXECUTIVE SUMMARY
Rare opportunity to own a huge residential/ agricultural lot in the Avocado Heights Famous Equestrian District. Currently home to a profitable CURRY Farm. The property is on just shy of a 1.5 Acre lot. The existing 2 Bedroom 2 and a half bathroom unit is in need of TLC. There is a shop on the property as well.. The lot can be subdivided into 3 different parcels. Build yourself 2 more additional units and you'll have a great multi family income producing property. Or start over and build yourself a gorgeous new construction home like the property behind it with incredible Mountain views. Or buy the property to build upon the business that is already existing! Conveniently located near El Monte, City of Industry, and Whittier. Easy access to freeway 10, 605, 60. Perfect for an owner-builder, equestrian hobbyist, developer and or investor! This one has a lot of potential for the right buyer.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
$104,595
|
$71,191.81
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,595
|
$71,191.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,882
|
$27,145.39
|
| Net Operating Income |
$64,713
|
$44,046.42
|
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,600,000 |
| Price Per AC | $1,089,051.02 |
| Lot Size | 1.47 AC |
Residential / Agricultural. The property is just shy of a 1.5 Acre lot. The lot can be subdivided into 3 different parcels. This land is currently home to a Curry farm and a small single family residence.
ZONING
| Zoning Code | LCA11L (Single family residential) |
