9
See all 9 photos
$4,395,000
Est. payment /mo
3 Beds
2 Baths
0.44 Acres Lot
New
3624 Baldwin Park Blvd Baldwin Park, CA 91706
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26093209
Bedrooms 3
Lot Size 0.442 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional opportunity to acquire a 17-unit apartment community in a prime San Gabriel Valley location, offering excellent day-one cash flow and strong long-term fundamentals. The property is currently delivering an attractive 6% CAP Rate and 11.25 GRM, supported by excellent in-place rental rates. This well-maintained asset consists of 9,092 rentable square feet on a 19,244 sq. ft. lot with a desirable unit mix of two 2-Bed/1-Bath units and fifteen 1-Bed/1-Bath units. Sixteen of the seventeen units have been thoroughly renovated, featuring new kitchens, updated bathrooms, new windows, and numerous interior upgrades, minimizing future capital expenditure and enhancing tenant retention. Operations are efficient with tenants paying for electricity and gas, while residents enjoy onsite carport parking and a shared laundry facility, adding to the propertys rental appeal. With its extensive upgrades, strong income profile, and location in one of the San Gabriel Valley's most stable rental markets, this asset presents an excellent opportunity for investors seeking immediate returns with long-term upside potential.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Ramona Pkwy. West of Pacific Ave.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 8555001006
Listed by Kristopher German, DRE#01800021 RE/MAX 2000 REALTY
NEARBY SCHOOL & BUSINESS
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