$2,950,000
$300K PRICE DROP

2030 Sierra Leone Ave La Puente, CA 91748

Rowland Neighborhood

Estimated payment $18,606/month

Total Views 11,691
2 Beds
-- Bath
8,864 Sq Ft
$333 Price per Sq Ft

About This Home

For sale is 2030-2040 Sierra Leone Avenue in Rowland Heights, a two-parcel, 10-unit apartment complex. The sale includes two adjacent apartment buildings: one 4-unit and one 6-unit, totaling 8,864 square feet. The property is situated on two parcels of fee-simple land, totaling approximately 0.45 acres, in the densely populated city of Rowland Heights. Eight of the units were constructed in 1963, with two additional units built in 1981. The two buildings can be sold together or separately.This well-maintained, two-story multifamily property is located in a highly desirable area. All units feature 2 bedrooms and 1 bathroom, with remodeled wood or tile flooring. Both buildings have been renovated, including updates to copper piping, a newer roof, two newly installed water heaters, and resurfaced parking (18 total carports or open parking spaces).The property is currently 90% occupied, with one unit available to be delivered vacant, offering the potential for increased rental income for the new owner. This is a rare opportunity to own a multifamily property in a high barrier-to-entry market.

Listing Agent

Danni Shen

Harvest Realty Development Brokerage Phone: 626-283-8800 License #02202501 Listed on: 02/27/2025

Harvest Realty Development

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre
  • 8253003003

Interior Spaces

  • 2 Bedrooms
  • 8,864 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 15 Parking Spaces
  • 15 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 40
  • Tax Tract Number 25612
  • Assessor Parcel Number 8253003004
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $100
  • Fuel Expense $450
  • Insurance Expense $500
  • Trash Expense $130
  • Water Sewer Expense $650
  • Operating Expense $1,730
  • Gross Income $168,360
  • Net Operating Income $158,360

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Price Per Unit: 295000
  • Property Attached: No
  • Water Sewer Expenses: 650.00
  • Zoning: LCR3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8253003004
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: main level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 332.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 15.00
  • Total Parking Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 130.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 8253003003
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 12074.00
  • Lot Size Acres: 0.2772

Multi Family

  • Electric Expense: 100.00
  • Fuel Expense: 450.00
  • Gross Income: 168360.00
  • Gross Scheduled Income: 168360.00
  • Insurance Expense: 500.00
  • Lot Size Area: 12074.0000 Square Feet
  • Net Operating Income: 158360.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Expenses: 1730.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 4087.24
  • Tax Lot: 40
  • Tax Tract Number: 25612

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Price Changed $2,950,000 -3.3% $333 / Sq Ft
04/16/2025 04/16/25 Price Changed $3,050,000 -6.2% $344 / Sq Ft
02/27/2025 02/27/25 For Sale $3,250,000 +20.4% $367 / Sq Ft
10/20/2020 10/20/20 Sold $2,700,000 -6.3% $305 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $2,880,000 -- $325 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25042148

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County La Puente 91748 Rowland

2030 Sierra Leone Ave, La Puente, CA

This home is located at 2030 Sierra Leone Ave, La Puente, CA 91748 and is currently priced at $2,950,000, approximately $332 per square foot. This property was built in 1964. 2030 Sierra Leone Ave is a home located in Los Angeles County with nearby schools including Rowland Elementary School, Alvarado Intermediate School, and John A. Rowland High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Danni Shen
Section Image
Harvest Realty Development
(626) 548-2737