Active
15574 Garo Street
Hacienda Heights CA, 91745
$1,870,000
$395.85 per sqft
Active
4,724 sqft
Residential
Built in 1952
Listed by Francis Min with Hana Management 626-991-5555
This property offers a remarkable investment opportunity. Situated on an expansive lot of over 20,000 square feet, it offers the flexibility to reside in one room or unit while renting out other rooms; allows for flexible living arrangements. Additionally, the property boasts a generous driveway that can easily accommodate more than 15 vehicles, a rare find at this price point. Notably, a detached dwelling unit was created from a 4-car garage on January 17, 2023, resulting in 4,724 square feet of permitted living space. Currently generating $9,800 per month in rental income, this property has room for rent increases under new ownership. Most rooms come with their own bathrooms, making it suitable for personal residence, investment, or rental purposes. Furthermore, it might serve as a profitable nursing home or travel agency, making decent cash flow. There is also the potential to use a portion of the home as in-law quarters or for a large family. Conveniently located near schools, libraries, medical facilities, restaurants, and with easy access to major freeways (60, 605, 10, and 57), this property offers convenient accessibility. For security reasons, please avoid attempting to access the premises without prior written communication. Viewing are exclusively available for accepted offers. It's crucial to note that this property is situated on an unpaved private road. Please ensure your client is comfortable with this arrangement before proceeding. We want to make sure that your efforts and your client's expectations are aligned, preventing issues or misunderstandings down the line. Transparency now will prevent potential issues later, ensuring a smooth transaction. Thank you for considering this remarkable investment opportunity. We believe this property offers not only financial potential but also versatility that can suit various needs. Please reach out with any questions or to schedule a viewing. We look forward to assisting you in making a sound investment decision.
TR23165467
MLSⓇ ID
October 7, 2023
Listed
March 28, 2024
Updated
Map
15574 Garo Street
Hacienda Heights CA, 91745
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
Yes
Fireplace Description
None
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.49 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
631 - Hacienda Heights
Days on Market
101
Garage
No
Parking
Assigned, Carport
Parking Total
2
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LCRA71/2
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
2/18/2024 | Price Change | $1,870,000 -11% |
2/7/2024 | Price Change | $2,080,000 -9% |
2/2/2024 | Price Change | $2,080,000 -9% |
Listing Contact: 626-991-5555
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/28/2024 at 3:37 PM UTC