16142 Abbey Street, La Puente, California 91744, La Puente, 91744 - 1 bed, 1 bath
ACTIVE$499,000
16142 Abbey Street, La Puente, California 91744
1Bed
1Bath
396Sqft
3,915Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Commercial Zoning: Recently re-zoned for commercial use, significantly enhancing its potential for diverse business operations, redevelopment, and higher value appreciation.
Top Cons:
Advanced Age of Structure: Built in 1926, the property is likely to require substantial updates, maintenance, and potential repairs to its infrastructure and systems, incurring significant costs.
Compared to the nearby listings
Price:$499.0K vs avg $765.0K ($-266,000)1%
Size:396 sqft vs avg 1,269 sqft1%
Price/sqft:$1.3K vs avg $58399%
More Insights
Built in 1926 (99 years old).
Condition: Built in 1926, this property is nearly a century old. While currently rented, suggesting basic habitability, the lack of kitchen and bathroom images strongly indicates these critical areas are severely outdated and likely in poor condition, requiring full renovation. The visible interior is basic and shows no signs of recent major updates, and the exterior appears worn with an unkempt yard. The property analysis explicitly notes 'Advanced Age of Structure' and 'High Renovation/Upgrade Costs,' confirming the need for substantial repairs and rehabilitation of major components to meet modern standards.
Year Built
1926
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$1,260
HOA
-
Days on market
-
Sold On
-
MLS number
WS25255473
Home ConditionPoor
Features
View-
About this home
Nice little house currently is rented out, recently is zoned commercial, conveniently located, near market, restaurants, freeway. DO NOT go direct, appointment only.
Price History
Date
Event
Price
10/11/00
Sold
$92,000
04/24/00
Sold
$55,000
06/22/12
Sold
$95,500
Condition Rating
Poor
Built in 1926, this property is nearly a century old. While currently rented, suggesting basic habitability, the lack of kitchen and bathroom images strongly indicates these critical areas are severely outdated and likely in poor condition, requiring full renovation. The visible interior is basic and shows no signs of recent major updates, and the exterior appears worn with an unkempt yard. The property analysis explicitly notes 'Advanced Age of Structure' and 'High Renovation/Upgrade Costs,' confirming the need for substantial repairs and rehabilitation of major components to meet modern standards.
Pros & Cons
Pros
Commercial Zoning: Recently re-zoned for commercial use, significantly enhancing its potential for diverse business operations, redevelopment, and higher value appreciation.
Income-Generating Asset: Currently rented out, providing immediate cash flow and a stable income stream for investors from day one.
Strategic Location: Conveniently situated near markets, restaurants, and freeways, offering excellent accessibility and visibility for commercial ventures or residential convenience.
Development Potential: A decent lot size of 3915 sqft, combined with commercial zoning, presents opportunities for expansion or new construction to maximize its utility.
Investment Versatility: The combination of commercial zoning, existing rental income, and strategic location makes it a highly versatile investment property with multiple exit strategies.
Cons
Advanced Age of Structure: Built in 1926, the property is likely to require substantial updates, maintenance, and potential repairs to its infrastructure and systems, incurring significant costs.
Extremely Small Footprint: With only 396 sqft, 1 bed, and 1 bath, the existing structure is very small, limiting its residential appeal and potentially requiring significant modification for most commercial uses.
High Renovation/Upgrade Costs: Given its age and small size, significant investment will likely be needed to modernize the property or adapt it for commercial purposes, impacting initial capital outlay.