

3108 Vineland
Just Listed: Villa Monterey Apartments | 41 Units in Baldwin Park | 2.95% Interest Only Loan
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Investment highlights
Well-Maintained 41-Unit Asset | One Block from the 10 Freeway in the Bustling City of Baldwin Park
Assumable Loan | 2.95% Interest Only Payments until June 2030
Attractive 6.84% Cash on Cash Return with Current Income | 11.05% Return with Pro Forma Income with Loan Assumption
Currently 4.84% Cap Rate on Current Income | 6.90% Cap Rate at Market Rents
Pride of Ownership Asset Situated on an Oversized ±71,546 SF Lot
Diverse Unit Mix | Featuring (20) 1B/1B, (10) 2B/1B, and (11) 2B/2B Floor Plans with an Average Unit Size of ±879 SF
30% Operational & Rental Upside Opportunity | New Investor has the Opportunity to Significantly Improve Building Operations and Capture Market Rents to Substantially Increase NOI
Modern Unit Features | High-Speed Internet Access, AC & Heating, Ceiling Fans, Cable Ready, Kitchen Appliances, and Dishwashers
Excellent Community Amenities | Open Garden-Style Layout Featuring a Pool, Covered Parking, Secured Gated Access, Storage Space, and 2 On-Site Laundry Facilities
High Walkability Location in East San Gabriel Valley | Located 1 Block from Large Retail Centers with Retailers Including Walmart, Home Depot, Target, Food 4 Less, Starbucks, McDonalds, and LA Fitness
Prime Commutable Location | Just off the 10 and 605 Freeways and Less Than 20 Miles from DTLA, City of Commerce, and City of Industry
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