3108 Vineland Ave - Apartments FOR SALE


Baldwin Park, CA 91706
$10,800,000 USD
909-418-2071
3108 Vineland Ave, Baldwin Park, CA for Sale
$10,800,000 USD
Apartments - FOR SALE
1/39
null | 4.84% Cap Rate

3108 Vineland Ave
Baldwin Park, CA 91706


HIGHLIGHTS

  • Well-Maintained 41-Unit Asset | One Block from the 10 Freeway in the Bustling City of Baldwin Park
  • Assumable Loan | 2.95% Interest Only Payments until June 2030
  • Attractive 6.84% Cash on Cash Return with Current Income | 11.05% Return with Pro Forma Income with Loan Assumption
  • Currently 4.84% Cap Rate on Current Income | 6.90% Cap Rate at Market Rents
  • Pride of Ownership Asset Situated on an Oversized ±71,546 SF Lot
  • Diverse Unit Mix | Featuring (20) 1B/1B, (10) 2B/1B, and (11) 2B/2B Floor Plans with an Average Unit Size of ±879 SF

OVERVIEW

CBRE, Inc., proudly presents Villa Monterey, a Well-Maintained 41-Unit Asset Located at 3108 Vineland Avenue in the city of Baldwin Park. Situated one block from the 10 Freeway, this pride-of-ownership property benefits from a high-demand rental pocket, proximity to major retail hubs, and consistent occupancy levels. Baldwin Park’s central location and the property’s historical stability make this an ideal investment choice for steady rental income and long-term appreciation in the heart of the San Gabriel Valley. Villa Monterey is a 41-unit community featuring a total building size of ±35,954 SF situated on an expansive ±71,546 SF lot (±1.64 Acres). The property features an excellent unit mix consisting of (20) 1-bedroom/1-bathroom, (10) 2-bedroom/1-bathroom, and (11) 2-bedroom/2-bathroom floor plans with an impressive average unit size of ±879 SF. Meticulously cared for, the asset features an open garden-style layout with amenities that include a swimming pool, ample covered parking, secured access, storage space, and two on-site laundry facilities. Units are well-appointed with high-speed internet access, AC & heating, ceiling fans, and full kitchen appliances including dishwashers. This opportunity features an assumable loan at a 2.95% interest-only rate until June 2030. This rare financing allows a new investor to realize a 6.84% Cash-on-Cash return on current income, with the potential to reach a 11.05% return on pro forma income. The property currently operates at a 4.84% Cap Rate, with a clear path to a 6.90% Cap Rate at market rents. The City of Baldwin Park is ideally located within Southern California, offering exceptional “hub” access to the 10 and 605 freeways. Its prime location is within walking distance to major retail centers featuring Walmart, Home Depot, Target, Food 4 Less, Starbucks, and LA Fitness. Significant employment and entertainment hubs within a 20-mile radius include Downtown Los Angeles, the City of Commerce, the City of Industry, Pasadena, and Dodger Stadium. Villa Monterey represents a premier income-producing asset in a high-rental-demand location, presenting a stable and lucrative opportunity for 1031 exchange buyers and seasoned investors seeking a large-scale footprint with significant 30% financial upside.

FOR SALE DETAILS

PRICE

$10,800,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

41

PRICE/UNIT

$263,415

CAP RATE

4.84%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Monterey Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,546 SF

ZONING

BPR3*

APN/PARCEL ID

8555-019-116

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

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