144-168 E Baseline Rd - Apartments FOR SALE


San Dimas, CA 91773- Bonita
$6,300,000 USD
626-695-6776
144-168 E Baseline Rd, San Dimas, CA for Sale
$6,300,000 USD
Apartments - FOR SALE
1/8
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144-168 E Baseline Rd
San Dimas, CA 91773
Bonita


HIGHLIGHTS

  • Outstanding Rental Location
  • Rare Opportunity to Purchase in San Dimas – High Barrier to Entry
  • Constructed in: 2025 (2 Units), 1989 (4 Units), 1963 (12 Units)
  • Excellent Unit Mix of One, Two, and Three-Bedroom Floor Plans
  • Two Parcels on 0.86 Acres
  • Close Proximity to Interstate 210 & California State Route 57

OVERVIEW

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 144 & 150 East Baseline Road, an 18-unit multifamily investment located in the beautiful suburban city of San Dimas, California. The property is located north of Interstate 210 off the San Dimas Avenue exit. The offering consists of two contiguous parcels (A.P.N. 8661-015-003 & 8661-015-027). 144 East Baseline Road is a two-story 12-unit apartment building consisting of twelve two-bedroom/one-bathroom units. The units average 908 square feet, and each apartment has a fireplace and wall air conditioning. In addition, the units are individually metered for gas and electricity and there is a central hot water heater. Constructed in 1963, the property sits on a 20,076 square foot parcel and has 10,900 rental square feet. There is also a laundry facility (leased) at the rear of the property. 150 East Baseline Road has six apartment units consisting of two newly built ADUs with one bedroom/one-bathroom units with dishwashers, microwaves, and private backyards. There are also two-two bedroom/two-bathroom single story units with central air conditioning and heat, dishwashers, private backyards, constructed in 1989 and two-three bedroom/two and two-and-one half bathroom townhouse style units with two car-attached garages with direct access into the unit, washer/dryer hook-ups, dishwashers, private backyards, and was constructed in 1989. In addition, the units are individually metered for gas and electricity and contain individual hot water heaters. The property sits on a 17,481 square foot parcel and has approximately 5,988 rental square feet. The offering has an outstanding location just north of Interstate 210 and within very close proximity to California State Route 57, giving residents the advantage of easy access to neighboring cities for work and entertainment. The property is within minutes’ drive to major department stores and popular restaurants including Costco, Sam’s Club, Home Depot, Target, Trader Joe’s, and In-N-Out Burger. In addition, the city’s Bonita Unified school district offers a total of 14 schools with more than 10,000 students attracting families with long-term residence. The city is also home to the 1,700-acre Frank G. Bonelli Recreational Park, Raging Waters, and Puddingstone Lake with multiple outdoor activities for all ages such as hiking, biking trails, boating, fishing, kayaking, playgrounds and camping. In addition, the Foothill Gold Line Station (Metro) is only 1.2 miles away from the subject property.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

18

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

MF15

APN/PARCEL ID

8661-015-003,8661-015-027

ASK ABOUT THIS PROPERTY

Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.