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Key Details
Sold Price $4,610,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV21186981
Sold Date 10/15/21
HOA Y/N No
Year Built 1978
Lot Size 0.733 Acres
Property Description
We are pleased to present for sale this "One-Of-A-Kind" investment opportunity located in the city of Baldwin Park. The Property is a well-maintained 16 unit Townhouse-Style apartment building built in 1978 which offers an excellent unit mix of Eight 2 Bedroom/1 Bathroom units (all 2-Story townhouse style), and Eight 1 Bedroom/1 Bathroom Units (all 2-Story townhouse style). The subject property is situated on an oversized 31,927 square foot lot and features LARGE Rental Units, updated kitchens & bathrooms, new landscaping, and a newer roof. All units have direct entry from their own private covered parking area. Tenants enjoy a private patio on the ground floor, central A/C & Heat, plenty of on-site secured parking, and an automatic gated entrance. Additional Income is procured from an on-site Laundry Room. This investment offering provides Strong In-Place Rents and Attractive Cash-flow with Realistic Rental Upside. This Property would be a great addition to any Investment Portfolio or 1031-Exchange Purchase.
Location
State CA
County Los Angeles
Area 608 - Baldwin Pk/Irwindale
Zoning BPR1*
Rooms
Ensuite Laundry CommonArea, LaundryRoom
Interior
Laundry Location CommonArea,LaundryRoom
Heating Central
Cooling CentralAir
Fireplace No
Laundry CommonArea, LaundryRoom
Exterior
Garage AttachedCarport, Assigned
Garage Spaces 2.0
Carport Spaces 30
Garage Description 2.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Parking Type AttachedCarport, Assigned
Total Parking Spaces 32
Private Pool No
Building
Lot Description Item1620UnitsAcre
Story 2
Entry Level Two
Sewer PublicSewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8460001014
Energy Description 646.0
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing CashtoNewLoan
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY