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32211760
32211761

3624 Baldwin Park Blvd, Baldwin Park, CA 91706

KG
CA #01800021
$4,395,000
35 days on market
Updated 34 days ago

3624 Baldwin Park Blvd

Details
APN 8555001006
Property Type Multifamily
Sub Type Apartment Building
Units 17
Cap Rate 6.00%
Buildings 2
Acreage 0.442
Zoning Assessor

Multifamily | 6.00% CAP | 17 Units

Marketing 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.
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KG
CA #01800021

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Additional Information

Name
Kristopher German
License
#01800021
Brokerage
Re/Max
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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