1138 Valencia Avenue Unit 40, Hacienda Heights, California 91745, Hacienda Heights, 91745 - 9 bed, 5 bath
ACTIVE$1,899,000
1138 Valencia Avenue Unit 40, Hacienda Heights, California 91745
9Beds
5Baths
3,520Sqft
30,879Lot
Year Built
1946
Close
-
List price
$1.9M
Original List price
$2M
Price/Sqft
$539
HOA
-
Days on market
-
Sold On
-
MLS number
PW22257010
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.90M(50th), sqft - 3520(50th), beds - 9(50th), baths - 5(50th).
***EXCELLENT OPPORTUNITY TO OWN THIS RARE INVESTMENT TRI-PLEX PROPERTY IN HACIENDA HEIGHTS. *** BEAUTIFUL HOMES ON THIS LOT CONTAIN 1138 Valencia is 4/3 with approx. 2200 sqft. 1140 Valencia is 3/1 with approx. 1150 and 1142 Valencia Ave is 2/1 with approx. 1150 sqft. This one-of-a-kind opportunity to buy over 30,870 square feet comes with three (3) existing free-standing buildings/units. Shopping centers, parks, and churches are all nearby.
Price History
Date
Event
Price
09/12/25
Price Change
$1,899,000
12/17/22
Listing
$1,999,000
Condition Rating
Poor
Built in 1946, this triplex shows significant signs of age and deferred maintenance. The kitchen features very dated black tile countertops and backsplash, older cabinets, and mismatched appliances, indicating a need for a complete renovation. While the exterior appears maintained, the interior's visible elements are far from modern. Given the property's age and the MLS description's own analysis highlighting 'Advanced Age of Structures' and 'Potential for High Renovation/Maintenance Costs,' it is highly likely that major systems (electrical, plumbing, HVAC) are outdated and will require substantial repairs and rehabilitation across all three units to meet current standards and ensure comfortable living.
Pros & Cons
Pros
Strong Investment Opportunity: Explicitly marketed as an 'EXCELLENT OPPORTUNITY TO OWN THIS RARE INVESTMENT TRI-PLEX PROPERTY', offering multiple income streams from three distinct units.
Generous Lot Size: The property sits on a substantial 30,879 square feet (over 0.7 acres) lot, providing significant land value and potential for future development or ample outdoor space.
Versatile Multi-Unit Configuration: Comprises three free-standing buildings with a diverse unit mix (4/3, 3/1, 2/1), catering to various tenant needs and maximizing rental income potential.
Convenient Location: Located in Hacienda Heights with shopping centers, parks, and churches all nearby, enhancing tenant appeal and overall desirability.
Recent Price Adjustment: The listing price has been reduced from $1,999,000 to $1,899,000, indicating a more competitive offering and potential value for buyers.
Cons
Advanced Age of Structures: Built in 1946, the buildings are nearly 80 years old, suggesting a high likelihood of outdated systems, deferred maintenance, and the need for significant capital expenditure for renovations.
Lack of Desirable Views: The property explicitly states 'view: None', which may be a drawback for buyers seeking scenic vistas, potentially impacting market appeal and value.
Potential for High Renovation/Maintenance Costs: Given the age and the complexity of managing a triplex, a new owner should anticipate substantial ongoing costs for repairs, upgrades, and general maintenance to ensure optimal condition and tenant satisfaction.