3624-3628 Baldwin Park Blvd - Apartments FOR SALE


Baldwin Park, CA 91706
$4,395,000 USD
626-427-0786
3624-3628 Baldwin Park Blvd, Baldwin Park, CA for Sale
$4,395,000 USD
Apartments - FOR SALE
1/10
null | 6% Cap Rate

3624-3628 Baldwin Park Blvd
Baldwin Park, CA 91706


HIGHLIGHTS

  • Priced to Sell | 6% CAP Rate | 11.25 GRM
  • 16 of 17 Units Fully Renovated
  • Prime San Gabriel Valley Location | Desirable Rental Location and Tenant Base
  • Plenty of Covered Onsite Parking
  • Excellent Current Rental Rates in Place

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,395,000 USD

PRICE/SF

$483 USD /SF

# OF UNITS

17

PRICE/UNIT

$258,529

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turn-Key Interiors | 6% CAP | Prime SGV Local

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,244 SF

ZONING

BPR1

APN/PARCEL ID

8555-001-006

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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