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2030-2040 Sierra Leone Ave 10 Unit Apartment Building $2,580,000 ($258,000/Unit) 4.77% Cap Rate La Puente, CA 91748
Investment Highlights
- Two separate parcels: 2030 Sierra Leone Ave (six units) and 2040 Sierra Leone Ave (four units).
- The buildings total approximately 8,864 square feet and are situated on a spacious 19,602 square foot lot.
- All units are individually metered for gas and electricity.
- 2040 Sierra Leone Ave qualifies for Residential Financing.
- Each unit features a 2-bedroom, 1-bathroom layout.
Executive Summary
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. Extremely convenient location with easy access to retail stores, restaurants, coffee/tea shops etc.
Property Facts
| Price | $2,580,000 | Apartment Style | Low-Rise |
| Price Per Unit | $258,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 4.77% | Building Size | 8,864 SF |
| Gross Rent Multiplier | 14.27 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1981/2016 |
| Property Subtype | Apartment | Parking Ratio | 2.03/1,000 SF |
| Zoning | R3 - R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $2,580,000 |
| Price Per Unit | $258,000 |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| Gross Rent Multiplier | 14.27 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 8,864 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2016 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | R3 - R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 875 - 932 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,326,508 | |
| Land Assessment | $2,122,414 | Total Assessment | $3,448,922 |
Property Taxes
Parcel Numbers
Land Assessment
$2,122,414
Improvements Assessment
$1,326,508
Total Assessment
$3,448,922
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2030-2040 Sierra Leone Ave