3624 Baldwin Park Blvd, Baldwin Park, CA 91706
List Price: $4.39M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1960
Lot Size: 19,244 sq ft
Garage Spaces: 1
Private Pool: Yes
MLS Number: CV26093209
About This Property
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 property’s 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.
Listing provided by: Kristopher German DRE #01800021 626-956-0188 kris@theapartmentdealer.com, RE/MAX 2000 REALTY
Source: CRMLS, MLS #: CV26093209
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