15574 Garo Street
Hacienda Heights, CA, 91745 $ 1,870,000
Bedrooms11 Baths7.0 Sq 4,724 Monthly Estimate*
$ 13,063
Listed by Hana Management
for $1,870,000 with 11 bedrooms and 7 full baths. This 4,724 square foot home was built in 1952 on a lot size of 0.4883.
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.
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FeaturesGeneralSewer PublicSewer
Heating Central
Zoning LCRA71/2
Garage Spaces 0.0
Pool Features None
Exclusions To be arranged.
Year Built 1952
Tenant Pays AllUtilities
Stories 1
Levels One
Property SubType SingleFamilyResidence
Gross Income 9800.0
Community Features Rural
County Los Angeles
Net Operating Income 8600.0
Operating Expense 1200.0
Insurance Expense 800.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency For security reasons please avoid attempting to access the premises without prior written communication. Viewing are exclusively available for accepted offers. If financing is needed the seller req
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions kwis & Garo
City Hacienda Heights
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 2
MLS Area 631 - Hacienda Heights
Lot Size Square Feet 21270.0
Private Pool N
Waterfront Y/N N
Carport Spaces 2.0
Carport Y/N Y
Street Name Garo
Listing Terms Cash CashtoNewLoan Conventional
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 12000.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 600.0
Water Sewer Expense 3000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 101
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 8
Property Sub Type Additional SingleFamilyResidence
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ExteriorParking Features Assigned Carport
Lot Features Item01UnitAcre
Water Source Public
Total Parking 2.0
Inclusions To be arranged.
Lot Size Area 21270.0
Number of Buildings 2
Spa N
Building Area Total 4724.0
Lot Size Acres 0.4883
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features None
Total Stories 1
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $13,063
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Hacienda Heights, CA
Average List Price $1,884,500
Percent of Sale Price 1%
About Hacienda Heights, CA 54,395 Population
2% Since 2002
$ 78,298 Median Income
40.9 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/18/2024 | $1,870,000 | -10.10% | Price Down |
2/2/2024 | $2,080,000 | -8.77% | Price Down |
10/11/2023 | $2,280,000 | | Listed Price |