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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

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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

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income
Annual	-
Annual Per AC	-

Other Income
Annual	$104,595
Annual Per AC	$71,191.81

Vacancy Loss
Annual	-
Annual Per AC	-

Effective Gross Income
Annual	$104,595
Annual Per AC	$71,191.81

Taxes
Annual	-
Annual Per AC	-

Operating Expenses
Annual	-
Annual Per AC	-

Total Expenses
Annual	$39,882
Annual Per AC	$27,145.39

Net Operating Income
Annual	$64,713
Annual Per AC	$44,046.42

PROPERTY FACTS

Price	$1,600,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Multifamily Hold For Development Hold For Investment Horse Stables Single Family Development Unknown Agricultural Agribusiness Pasture Ranch Single Family Residence
No. Lots	1	Total Lot Size	1.47 AC
Property Type	Land

Price	$1,600,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Hold For Development Hold For Investment Horse Stables Single Family Development Unknown Agricultural Agribusiness Pasture Ranch Single Family Residence
Total Lot Size	1.47 AC

1 LOT AVAILABLE

Lot

Price	$1,600,000	Lot Size	1.47 AC
Price Per AC	$1,089,051.02

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.