4158 La Rica Avenue, Baldwin Park, CA 91706 - MLS#CV25099407

$1,880,000

$1,650,000 13.9%

Est. payment - /mo

9 Beds

UPDATED:

Key Details

Sold Price $1,880,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25099407

Bedrooms 9

Property Sub-Type Res Income 2-4 Units

Property Description

Private Seller Financing Available! We are pleased to exclusively offer for sale this rare offering featuring five LARGE single-story detached cottages situated on a spacious 20,892 square foot lot, presenting an ideal "value-add" investment opportunity. The property consists of one 3-Bedroom/1-Bath cottage and four 2-Bedroom/1-Bath cottages, totaling 4,864 square feet of rentable space. With three of the units to be delivered vacant at the close of escrow, investors have the immediate opportunity to bring rents to market, achieving a projected 5.82% CAP rate and 12.5 GRM. Each cottage offers tenants private garage parking, individual washer/dryer hookups, and either a private patio or front and back yard spacefeatures that significantly enhance tenant satisfaction and leasing demand. A permitted sixth structure on the property which is currently used as storage offers excellent potential for conversion into an ADU, creating additional income potential (buyer to check with proper city authorities). Utility efficiency is built in with five separate electric & gas meters and two water meters (one for the front cottage and one for the remaining 4 units). Private Seller Financing is available with favorable terms: 25% minimum down payment, 6.5% interest-only payments, and a 7-year due and payable term. This property combines strong current income, immediate upside, and long-term development potential, making it a standout investment in the San Gabriel Valley market.

Location

State CA

County Los Angeles

Zoning Appraiser

Interior

Cooling Wall/Window

Exterior

View Y/N No

Building

Story 1

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Listed by Kristopher German RE/MAX 2000 REALTY
Bought with TING CHU IRN REALTY

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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