15416 Newton Street, Hacienda Heights, California 91745, Hacienda Heights, 91745 - 3 bed, 3 bath
ACTIVE$950,000
15416 Newton Street, Hacienda Heights, California 91745
3Beds
3Baths
1,685Sqft
10,297Lot
Year Built
1947
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$564
HOA
-
Days on market
-
Sold On
-
MLS number
TR24145528
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,6 Pros. Rank: price - $950.0K(44th), sqft - 1685(36th), beds - 3(46th), baths - 3(52th).
Investors dream below arket price home in the hills one of the best locations in HHS with a large lot 10k+ sqft to build & to expand or add an ADU. House is in good condition, home has marble entry, The drive way is paved and the house is secured with a remote-controlled dual gates. Great neighborhood close to schools, shopping &transportation. The property will be sold with the tenant, the lease is until May 2025, good quality tenant, punctual rent payment, It is a hard-to-find property , huge appreciation potential, investors first choice!!!
Condition Rating
Poor
Built in 1947, this 77-year-old property features severely outdated kitchen and bathrooms, indicative of renovations 30-50+ years ago. The kitchen has older cabinets, laminate/tile countertops, white older appliances, fluorescent lighting, and linoleum/vinyl flooring. Bathrooms similarly show older vanities, strip lighting, and dated tile. While the listing claims 'good condition,' this likely refers to structural soundness, not modern aesthetics or updated systems. The property requires substantial renovation and rehabilitation, particularly in these key areas, to meet contemporary living standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10297, living area = 1685.
Investment Potential: Explicitly marketed as an 'investors dream' with 'huge appreciation potential' and 'investors first choice,' suggesting a strong long-term growth outlook.
Large Lot & ADU Potential: A generous 10,000+ sqft lot provides significant space for expansion or the addition of an Accessory Dwelling Unit (ADU), enhancing future value and income potential.
Desirable Location: Situated in 'one of the best locations in Hacienda Heights,' offering proximity to schools, shopping, and transportation, which are key factors for sustained demand.
Existing Rental Income: The property comes with a 'good quality tenant' and a lease until May 2025, ensuring immediate and stable rental income for the new owner.
Security Features: The property is secured with a remote-controlled dual gate and has a paved driveway, adding to privacy and curb appeal.
Cons
Significant Overpricing: The listing price of $950,000 is 33% higher than the estimated property value of $630,631, directly contradicting the 'below market price' claim and potentially deterring informed buyers.
Tenant Occupancy with Extended Lease: The existing tenant's lease extends until May 2025, which restricts immediate owner occupancy or renovation plans for nearly a year, limiting flexibility for non-investor buyers.
Property Age: Built in 1947, the home is 77 years old, which may imply outdated systems, potential for deferred maintenance, and a need for significant upgrades to meet modern living standards.