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JLee Broker

[email protected] +1(650) 857-1000

Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY

$4,395,000

Est. payment - /mo

0.44 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRCV26093209

Year Built 1960

Lot Size 0.442 Acres

Source California Regional MLS

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 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.

Location

State CA

County Los Angeles

Area 608 - Baldwin Pk/Irwindale

Rooms

Kitchen None

Interior

Cooling Window / Wall Unit

Laundry Laundry Area

Exterior

Parking Features Detached Garage, Garage

Garage Spaces 17.0

Pool 31, None

View None

Roof Type Shingle

Building

Water District - Public

Others

Tax ID 8555001006

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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3624 Baldwin Park Blvd Baldwin Park, CA 91706

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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